Attractive pure-play total return supported by strong financial foundation

  • Safety-driven, organic growth strategy supports 6% - 8% earnings per share and dividend per share growth through Fiscal 2027
  • 100% of earnings from fully regulated, leading natural gas delivery platform
  • 20 consecutive years of EPS growth; 38 consecutive years of dividend growth
  • Strong investment-grade credit ratings/ liquidity
Attractive pure-play total return supported by strong financial foundation
Diversified and growing jurisdictional footprint

Diversified and growing jurisdictional footprint

  • Regulated distribution assets in 8 states serving over 3 million customers
  • 96% of rate base in states that offer policy support for investment in natural gas infrastructure
  • Strong customer growth
  • Favorably positioned regulated pipeline spans Texas shale gas supply basins

Transparent Capital Spending Horizon

  • Comprehensive, risk-based replacement program
  • Further enhance resiliency and supply reliability while reducing methane emissions
  • Support strong customer growth in our existing footprint
Transparent Capital Spending Horizon
Constructive Regulation Focused on Safety and Reliability

Constructive Regulation Focused on Safety and Reliability

  • Annual filing mechanisms is most jurisdictions offer regular, consistent rate adjustments
  • Earning on ~90% of annual capex within 6 months; ~99% within 12 months
  • High percentage of revenue earned through fixed or tariff-based charges

Sustainability Integrated Into Strategy

  • Formal Board of Director oversight over sustainability
  • Comprehensive plan to reduce environmental impact from operations
  • Providing safe, reliable and competitively priced service, with a lower carbon footprint than electricity
  • Investing in the communities we serve
Sustainability Integrated Into Strategy