Investor Presentation December 2021
FY21 net economic earnings
Millions
Per diluted
common share
Twelve months ended September 30,
Net Income [GAAP]
Impairments
All other adjustments¹
2021
2020
2021
2020
$ 271.7 $ 88.6
$
4.96 $ 1.44
-
148.6
2.89
(5.4)
(29.4)
(0.10)
(0.57)
Net Economic Earnings (NEE)²
$ 266.3 $ 207.8
$
4.86 $ 3.76
Gas Utility
$
230.6 $
213.4
Gas Marketing
47.0
9.1
Other
(11.3)
(14.7)
Net Economic Earnings (NEE)²
$ 266.3 $
207.8
Average diluted shares outstanding
51.7
51.3
GAAP results show significant improvement due to one-time prior-year charges
Net economic earnings growth for all segments
-
-
Gas Utility increased due to higher contribution margins partially offset by depreciation
and O&M expenses
Gas Marketing includes benefits of storage positions and value from Winter Storm Uri
Other driven by improved results from Storage and lower corporate costs
¹Includes recurring fair value and timing adjustments, impacts of divestitures, non-recurring regulatory adjustments, and income tax effects of all NEE adjustments.
2See Net economic earnings reconciliation to GAAP in the Appendix.
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