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PG&E (PCG) - 2024 Q1 - Earnings Call Transcript
2024-04-26 04:03
财务数据和关键指标变化 - 公司2024年第一季度核心每股收益为0.37美元,同比增加0.08美元 [8][41] - 2024年第一季度业绩改善主要由于客户资本投资增加以及CPUC批准的权益回报率提高至10.7% [41][42] - 公司预计2024年全年每股收益指引为1.33-1.37美元,同比增长至少10% [8] - 公司承诺2025-2028年每年每股收益增长至少9% [8] 各条业务线数据和关键指标变化 - 公司未披露各业务线具体数据和指标变化 [无相关内容] 各个市场数据和关键指标变化 - 公司未披露各市场具体数据和指标变化 [无相关内容] 公司战略和发展方向及行业竞争 - 公司计划未来5年内投资620亿美元用于客户项目,并有额外50亿美元的投资机会 [11][46] - 公司计划通过成本节约和负荷增长,将客户平均年度账单增长控制在2%-4%之间 [25] - 公司正在推广"超级捆绑"工作模式,预计可实现至少20%的成本节约 [37] - 公司认为加州已建立了有效的法律和监管框架来应对野火风险,具有较低的投资风险 [14][15][16][17] - 公司计划在2025-2028年期间通过ATM方式筹集30亿美元新股权 [55] 管理层对经营环境和未来前景的评论 - 公司CEO表示加州已采取措施有效应对野火风险,公司的物理和财务风险已大幅降低 [86][87][88] - 公司CEO认为加州可以成为其他州应对野火风险的模板,并表示公司将在行业内分享经验 [148][149][150][151][152][153][154][155][156][157] - 公司CEO对未来发展前景充满信心,认为公司有机会在加州能源转型中发挥重要作用 [71][72] 问答环节重要的提问和回答 问题1 **Shar Pourreza 提问** 询问公司股权融资计划的时间安排和相关考虑因素 [78][79] **Carolyn Burke 回答** 公司计划通过合理的债务、股息和定期股权融资来支持投资计划,将密切关注市场环境选择最有效的融资方式 [80][81][82][83] 问题2 **Steve Fleishman 提问** 询问公司股息增长计划是否以百分比或每股金额为基准 [96][97][98][99] **Carolyn Burke 回答** 公司计划在未来5年内逐步提高股息支付率,前期增长较慢后期增长较快,与公司行业领先的每股收益增长形成良好组合 [99][100][101] 问题3 **Jeremy Tonet 提问** 询问公司在行业内分享野火风险管理经验的计划 [148][149][150][151][152][153][154][155][156][157] **Patricia Poppe 回答** 公司将积极在行业内分享加州应对野火风险的经验和最佳实践,并倡导建立国家级野火安全监管机构 [148][149][150][151][152][153][154][155][156][157]
PG&E (PCG) Q1 Earnings Beat Estimates, Revenues Decline Y/Y
Zacks Investment Research· 2024-04-25 23:46
财务表现 - PG&E Corporation (PCG)报告了2024年第一季度调整后每股收益为37美分,超出了Zacks Consensus Estimate的35美分,增长了5.7%[1] - 公司报告的第一季度总收入为58.6亿美元,比去年同期的62.1亿美元下降了5.6%[3] - PCG在2024年第一季度的总营业费用为45.9亿美元,比去年同期下降了17.8%[4] - 截至2024年3月31日,PCG的现金及现金等价物总额为6.58亿美元,较2023年12月31日的6.35亿美元有所增加[5] - PCG的经营活动现金流量在2024年第一季度达到了22.6亿美元,较2013年第一季度的11.9亿美元有显著增长[6]
PG&E (PCG) Q1 Earnings Surpass Estimates
Zacks Investment Research· 2024-04-25 20:21
PG&E (PCG) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this utility holding company would post earnings of $0.45 per share when it actually produced earnings of $0.47, delivering a surprise of 4.44%.Over the last four quarters, the compan ...
PG&E Corporation Reports First-Quarter Results; On Track to Deliver Solid 2024
Prnewswire· 2024-04-25 18:15
OAKLAND, Calif., April 25, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) is on track to deliver solid 2024 results. Financial progress includes: GAAP earnings were $0.34 per share for the first quarter of 2024, compared to earnings of $0.27 for the same period in 2023. Non-GAAP core earnings were $0.37 per share for the first quarter of 2024, compared to earnings of $0.29 per share for the same period in 2023. 2024 EPS GAAP guidance updated in the range of $1.15 to $1.20 per share. 2024 non-GAAP core E ...
PG&E (PCG) - 2024 Q1 - Quarterly Report
2024-04-25 08:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549 FORM10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ☒ SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Exact Name of Commission Registrant State or Other IRS Employer File as Specified Jurisdiction of Identification Number in its Charte ...
PG&E (PCG) - 2024 Q1 - Quarterly Results
2024-04-25 08:39
Investor Relations: invrel@pge-corp.com | Media: 415.973.5930 | www.pgecorp.com April 25, 2024 PG&E Corporation Reports First-Quarter Results; On Track to Deliver Solid 2024 OAKLAND — PG&E Corporation (NYSE: PCG) is on track to deliver solid 2024 results. Financial progress includes: • GAAP earnings were $0.34 per share for the first quarter of 2024, compared to earnings of $0.27 for the same period in 2023. • Non-GAAP core earnings were $0.37 per share for the first quarter of 2024, compared to earnings of ...
PG&E (PCG) to Report Q1 Earnings: Here's What to Expect
Zacks Investment Research· 2024-04-23 22:26
PG&E Corporation (PCG) is scheduled to report first-quarter 2024 results on Apr 25, before the opening bell.In the last reported quarter, the company reported a negative earnings surprise of 4.44%. The company has a trailing four-quarter average negative earnings surprise of 6.17%.Let’s take a closer look at the factors that are likely to be reflected in PG&E’s upcoming quarterly results.Factors to NoteDuring most of the first quarter, PCG’s service territories observed mixed temperature patterns. While the ...
PG&E Customers' Electricity 100% Greenhouse Gas-Free in 2023
Prnewswire· 2024-04-23 04:29
GHG-Free Electricity Deliveries Included 53% Nuclear, 34% Eligible-Renewable Resources and 13% Hydroelectric PG&E has brought online more than 2,100 megawatts of new battery storage capacity to help integrate renewable energy sources and enhance reliability OAKLAND, Calif., April 22, 2024 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) retail customers received 100% greenhouse gas-free electricity in 2023, making the company's portfolio of electricity sources one of the world's cleanest. In 2023, 3 ...
Nearly 5,000 Nonprofits and Schools Benefit from Charitable Contributions from PG&E and The PG&E Corporation Foundation
Prnewswire· 2024-04-20 00:05
慈善捐款 - PG&E和PG&E基金会在2023年提供了总计超过3100万美元的慈善捐款[1] - PG&E和PG&E基金会的慈善捐款在2023年比上一年增加了超过50万美元[2] - PG&E和PG&E基金会向支持当地社区安全和福祉的非营利机构提供了1000多项资助[3] 捐款重点支持 - PG&E的慈善捐款重点支持弱势社区:77%受益于有色社区,91%用于弱势社区,87%用于低收入社区[5]
Statewide Partnership Aims to Deliver More Clean Energy Faster to Californians and Support State Climate Goals
Prnewswire· 2024-04-19 01:30
项目介绍 - 加州能源委员会(CEC)、加州公共事业委员会(CPUC)、加州独立系统运营商(CAISO)、太平洋煤气和电力公司(PG&E)、南加州爱迪生公司(SCE)和加州大学伯克利分校哈斯能源研究所联合申请20亿美元的美国能源部(DOE)网格韧性和创新伙伴关系(GRIP)计划的补助[1] - 项目名为加州利用先进可靠的电网增强技术进行输电(CHARGE 2T),将提供以下客户利益:增加全州电力输电容量,提高供应,减少可再生能源削减和拥塞造成的成本,从而降低客户成本[2] - 该项目将升级加州独立系统运营商系统中的400多英里钢铁输电线路,使用含有碳纤维和/或复合芯的先进导线,以增加输电容量,同时利用网格增强技术(GETs)减少拥塞,预计将对弱势社区产生14亿美元的经济影响[5]