Q4 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$7.0B+22.2% YoY

Gross Profit

$1.9B26.4% margin

Operating Income

$138M2.0% margin

Net Income

-$86M-1.2% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

-15.9%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

-$1.1B

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$134.9B

Total Liabilities

$100.4B

Stockholders' Equity

$30.4B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.0B	$5.8B	+22.2%
Gross Profit	$1.9B	$1.8B	+2.6%
Operating Income	$138M	-$331M	+141.7%
Net Income	-$86M	-$211M	+59.2%

Revenue Segments

Natural Gas

$2.0B33%

Natural Gas Distribution

$1.7B29%

Natural Gas Distribution - Residential

$1.0B17%

Natural Gas Distribution - Transportation

$314M5%

Natural Gas Distribution - Commercial

$270M5%

Other Natural Gas

$229M4%

Other Natural Gas - Gas Marketing Services

$219M4%

Natural Gas Distribution - Other

$97M2%

Natural Gas Distribution - Industrial

$24M0%

Other Natural Gas - Other Natural Gas Revenues

$10M0%