Updated Apr 30, 2025, 4:24 PM UTC
| Income Statement - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenues (USD, millions) | 2,031.00 | 8,312 | 2,304 | 1,881.00 | 2,066.00 | 2,211.00 | 8,462 | 2,504 | ||||||||
| Fuel (USD, millions) | 166.00 | 733 | 209 | 181.00 | 207.00 | 186.00 | 783 | 234 | ||||||||
| Energy purchases (USD, millions) | 411.00 | 1,841 | 520 | 275.00 | 338.00 | 546.00 | 1,679 | 559 | ||||||||
| Other operation and maintenance (USD, millions) | 657.00 | 2,462 | 626 | 623.00 | 681.00 | 677.00 | 2,607 | 598 | ||||||||
| Depreciation (USD, millions) | 314.00 | 1,254 | 316 | 319.00 | 322.00 | 322.00 | 1,279 | 322 | ||||||||
| Taxes, other than income (USD, millions) | 93.00 | 392 | 88 | 93.00 | 90.00 | 103.00 | 374 | 113 | ||||||||
| Total Operating Expenses (USD, millions) | 1,641.00 | 6,682 | 1,759 | 1,491.00 | 1,638.00 | 1,834.00 | 6,722 | 1,826 | ||||||||
| Operating Income (USD, millions) | 390.00 | 1,630 | 545 | 390.00 | 428.00 | 377.00 | 1,740 | 678 | ||||||||
| Other Income (Expense) - net (USD, millions) | (91.00) | (40) | 22 | 32.00 | 32.00 | 28.00 | 114 | 28 | ||||||||
| Interest Expense (USD, millions) | 172.00 | 666 | 179 | 182.00 | 188.00 | 189.00 | 738 | 190 | ||||||||
| Income from Continuing Operations Before Income Taxes (USD, millions) | 127.00 | 924 | 388 | 240.00 | 272.00 | 216.00 | 1,116 | 516 | ||||||||
| Income Taxes (USD, millions) | 14.00 | 184 | 81 | 50.00 | 58.00 | 39.00 | 228 | 102 | ||||||||
| Net Income (USD, millions) | 113.00 | 740 | 307 | 190.00 | 214.00 | 177.00 | 888 | 414 | ||||||||
| Balance Sheet - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Cash and cash equivalents (USD, millions) | 331 | 331 | 276 | 282 | 542 | 306 | 306 | 312 | ||||||||
| Unbilled revenues (USD, millions) | 428 | 428 | 371 | 357 | 319 | 485 | 485 | 377 | ||||||||
| Fuel, materials and supplies (USD, millions) | 505 | 505 | 477 | 502 | 517 | 511 | 511 | 476 | ||||||||
| Regulatory assets (Current) (USD, millions) | 293 | 293 | 330 | 335 | 342 | 320 | 320 | 274 | ||||||||
| Other current assets (USD, millions) | 51 | 51 | 101 | 69 | 75 | 85 | 85 | 133 | ||||||||
| Regulated utility plant, net (USD, millions) | 29,452 | 29,452 | 29,704 | 30,174 | 30,450 | 30,709 | 30,709 | 30,897 | ||||||||
| Non-regulated property, plant and equipment, net (USD, millions) | 49 | 49 | 47 | 45 | 48 | 50 | 50 | 50 | ||||||||
| Construction work in progress (USD, millions) | 1,917 | 1,917 | 1,996 | 1,954 | 2,129 | 2,390 | 2,390 | 2,695 | ||||||||
| Property, Plant and Equipment, net (USD, millions) | 31,418 | 31,418 | 31,747 | 32,173 | 32,627 | 33,149 | 33,149 | 33,642 | ||||||||
| Regulatory assets (Noncurrent) (USD, millions) | 1,874 | 1,874 | 1,859 | 1,889 | 1,894 | 2,060 | 2,060 | 2,049 | ||||||||
| Other noncurrent assets (USD, millions) | 459 | 459 | 437 | 418 | 416 | 419 | 419 | 463 | ||||||||
| Total Assets (USD, millions) | 39,236 | 39,236 | 39,631 | 39,839 | 40,472 | 41,069 | 41,069 | 41,809 | ||||||||
| Short-term debt (USD, millions) | 992 | 992 | 291 | 389 | - | 303 | 303 | 778 | ||||||||
| Long-term debt due within one year (USD, millions) | 1,354 | 1,354 | 1 | 1 | - | 551 | 551 | 569 | ||||||||
| Accounts payable (USD, millions) | 1,104 | 1,104 | 903 | 980 | 920 | 1,196 | 1,196 | 1,097 | ||||||||
| Other current liabilities (USD, millions) | 591 | 591 | 474 | 479 | 603 | 614 | 614 | 545 | ||||||||
| Long-term Debt (USD, millions) | 14,611 | 14,611 | 15,753 | 15,756 | 16,499 | 15,952 | 15,952 | 15,938 | ||||||||
| Accrued pension obligations (USD, millions) | 275 | 275 | 255 | 234 | 218 | 317 | 317 | 298 | ||||||||
| Asset retirement obligations (Noncurrent Liabilities) (USD, millions) | 133 | 133 | 127 | 137 | 139 | 136 | 136 | 130 | ||||||||
| Regulatory liabilities (Noncurrent) (USD, millions) | 3,340 | 3,340 | 3,351 | 3,350 | 3,371 | 3,335 | 3,335 | 3,338 | ||||||||
| Other deferred credits and noncurrent liabilities (USD, millions) | 385 | 385 | 404 | 407 | 430 | 452 | 452 | 449 | ||||||||
| Treasury stock (USD, millions) | (948) | (948) | (931) | (930) | (929) | (928) | (928) | (904) | ||||||||
| Earnings reinvested (USD, millions) | 2,710 | 2,710 | 2,828 | 2,826 | 2,848 | 2,835 | 2,835 | 3,047 | ||||||||
| Accumulated other comprehensive loss (USD, millions) | (163) | (163) | (161) | (160) | (163) | (184) | (184) | (184) | ||||||||
| Total Liabilities and Equity (USD, millions) | 39,236 | 39,236 | 39,631 | 39,839 | 40,472 | 41,069 | 41,069 | 41,809 | ||||||||
| Cash Flow - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Net income (USD, millions) | 113.00 | 740 | 307 | 190.00 | 214.00 | 177.00 | 888 | 414 | ||||||||
| Depreciation (USD, millions) | 314.00 | 1,254 | 316 | 319.00 | 322.00 | 322.00 | 1,279 | 322 | ||||||||
| Amortization (USD, millions) | 20.00 | 81 | 24 | 23.00 | 14.00 | 17.00 | 78 | 20 | ||||||||
| Defined benefit plans - expense (income) (USD, millions) | (18.00) | (73) | (15) | (20.00) | (17.00) | (20.00) | (72) | (16) | ||||||||
| Deferred income taxes and investment tax credits (USD, millions) | 180.00 | 322 | 72 | 42.00 | 33.00 | 49.00 | 196 | 38 | ||||||||
| Other adjustments to reconcile net income (USD, millions) | (6.00) | (29) | 3 | 7.00 | 3.00 | (30.00) | (17) | 13 | ||||||||
| Accounts receivable change (USD, millions) | (133.00) | (170) | (75) | 237.00 | 97.00 | (5.00) | 254 | (277) | ||||||||
| Accounts payable change (USD, millions) | 57.00 | (72) | (221) | 54.00 | (69.00) | 195.00 | (41) | (120) | ||||||||
| Unbilled revenues change (USD, millions) | (96.00) | 128 | 57 | 17.00 | 35.00 | (166.00) | (57) | 108 | ||||||||
| Fuel, materials and supplies change (USD, millions) | (17.00) | (60) | 33 | (29.00) | (13.00) | 7.00 | (2) | 37 | ||||||||
| Prepayments change (USD, millions) | - | - | (108) | 1.00 | 32.00 | 41.00 | (34) | (87) | ||||||||
| Taxes payable change (USD, millions) | 21.00 | 6 | (47) | 26.00 | 13.00 | (19.00) | (27) | 40 | ||||||||
| Regulatory assets and liabilities, net change (USD, millions) | (10.00) | (37) | (61) | (13.00) | 20.00 | (14.00) | (68) | 79 | ||||||||
| Accrued interest change (USD, millions) | (96.00) | 27 | 90 | (69.00) | 83.00 | (71.00) | 33 | 67 | ||||||||
| Other change in current assets and liabilities (USD, millions) | 41.00 | 39 | (103) | 46.00 | (21.00) | 13.00 | (65) | (80) | ||||||||
| Defined benefit plans - funding (USD, millions) | 1.00 | (13) | (5) | (2.00) | (3.00) | 0.00 | (10) | (5) | ||||||||
| Net cash provided by operating activities (USD, millions) | 110.00 | 1,758 | 282 | 766.00 | 781.00 | 511.00 | 2,340 | 513 | ||||||||
| Expenditures for property, plant and equipment (USD, millions) | (649.00) | (2,390) | (596) | (670.00) | (679.00) | (860.00) | (2,805) | (793) | ||||||||
| Other investing activities (USD, millions) | 5.00 | 7 | 5 | 0.00 | (4.00) | (14.00) | (13) | 10 | ||||||||
| Net cash used in investing activities (USD, millions) | (644.00) | (2,383) | (591) | (670.00) | (683.00) | (874.00) | (2,818) | (783) | ||||||||
| Issuance of long-term debt (USD, millions) | 125.00 | 3,252 | 1,148 | 0.00 | 746.00 | 0.00 | 1,894 | 0 | ||||||||
| Payment of common stock dividends (USD, millions) | (178.00) | (704) | (177) | (190.00) | (190.00) | (190.00) | (747) | (190) | ||||||||
| Net increase (decrease) in short-term debt (USD, millions) | 705.00 | 7 | (701) | 98.00 | (389.00) | 303.00 | (689) | 475 | ||||||||
| Other financing activities (USD, millions) | 1.00 | (51) | (22) | (1.00) | (6.00) | 6.00 | (23) | (14) | ||||||||
| Net cash provided by financing activities (USD, millions) | 562.00 | 650 | 248 | (93.00) | 161.00 | 119.00 | 435 | 271 | ||||||||
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (USD, millions) | 28.00 | 25 | (61) | 3.00 | 259.00 | (244.00) | (43) | 1 | ||||||||
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period (USD, millions) | 357 | 357 | 382 | 382 | 382 | 382 | 382 | 339 | ||||||||
| Cash, Cash Equivalents and Restricted Cash at End of Period (USD, millions) | 382 | 382 | 321 | 324 | 583 | 339 | 339 | 340 | ||||||||
| Accrued expenditures for property, plant and equipment at period end (USD, millions) | 220 | 220 | 253 | 288 | 281 | 358 | 358 | 397 | ||||||||
| Revenue by Segment - in Millions of USD | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Kentucky Regulated | - | - | - | - | 895 | - | 3,562 | 1,059 | ||||||||
| Pennsylvania Regulated | - | - | - | - | 716 | - | 2,876 | 819 | ||||||||
| Rhode Island Regulated | - | - | - | - | 455 | - | 2,024 | 626 | ||||||||
| Corporate and Other | - | - | - | - | 0 | - | 0 | 0 | ||||||||
| Total Revenue | - | - | - | - | 2,066 | - | 8,462 | 2,504 | ||||||||
| Revenue by Geography - in Millions of USD | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Kentucky Regulated | - | - | - | - | 895 | - | 3,562 | 1,059 | ||||||||
| Pennsylvania Regulated | - | - | - | - | 716 | - | 2,876 | 819 | ||||||||
| Rhode Island Regulated | - | - | - | - | 455 | - | 2,024 | 626 | ||||||||
| Total Revenue | - | - | - | - | 2,066 | - | 8,462 | 2,504 |