Q4 2021 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$5.8B+12.7% YoY

Gross Profit

$1.8B31.4% margin

Operating Income

-$331M-5.7% margin

Net Income

-$211M-3.7% margin

EPS (Diluted)

$-0.20

QoQ Revenue Growth

-7.6%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

-$930M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$127.5B

Total Liabilities

$95.0B

Stockholders' Equity

$28.2B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.8B	$5.1B	+12.7%
Gross Profit	$1.8B	$2.1B	-12.9%
Operating Income	-$331M	$729M	-145.4%
Net Income	-$211M	$391M	-154.0%

Revenue Segments

Other Adjustments

$7.4B73%

Natural Gas Distribution

$1.2B12%

Natural Gas Distribution - Residential

$656M6%

Natural Gas Distribution - Transportation

$264M3%

Natural Gas Distribution - Commercial

$172M2%

Other Natural Gas

$170M2%

Other Natural Gas - Gas Marketing Services

$162M2%

Natural Gas Distribution - Other

$82M1%

Natural Gas Distribution - Industrial

$19M0%

Other Natural Gas - Other Natural Gas Revenues

$8M0%