PG&E Posts Mixed Bag Of Q1 Earnings, Plows Billions Into Safety
PG&E Posts Mixed Bag Of Q1 Earnings, Plows Billions Into Safety
PG&E Corporation (NYSE:PCG) reported first-quarter FY24 operating revenue of $5.86 billion (vs. $6.21 billion a year ago), missing the consensus of $6.59 billion.
PG＆E Corporation（紐約證券交易所代碼：PCG）公佈的24財年第一季度營業收入爲58.6億美元（去年同期爲62.1億美元），未達到預期的65.9億美元。
Electric revenue fell to $4.05 billion from $4.12 billion a year ago. Natural gas declined to $1.81 billion from $2.09 billion the prior year.
電力收入從去年同期的41.2億美元降至40.5億美元。天然氣從去年的20.9億美元降至18.1億美元。
Adjusted EPS was $0.37, higher than $0.29 in the prior year, beating the consensus of $0.35.
調整後的每股收益爲0.37美元，高於去年的0.29美元，超過了市場預期的0.35美元。
FY24 Guidance: PG&E reaffirmed its adjusted EPS guidance of $1.33-$1.37 versus the $1.36 consensus.
24財年指引：PG＆E重申其調整後的每股收益預期爲1.33-1.37美元，而市場普遍預期爲1.36美元。
PG&E shared its five-year financing plan, which includes funding $62 billion of safety and reliability capital expenditures.
PG＆E分享了其五年融資計劃，其中包括爲620億美元的安全和可靠性資本支出提供資金。
The strategy, which does not factor in the sale of the Utility's non-nuclear generation assets, confirms the company's dedication to refraining from new equity in 2024.
該戰略沒有將出售該公用事業公司的非核能發電資產考慮在內，這證實了該公司致力於在2024年避免新增股權。
It also allows for significant dividend expansion over the next five years and anticipates a possible equity requirement of up to $3 billion between 2025 and 2028.
它還允許在未來五年內大幅擴大股息，並預計在2025年至2028年之間可能需要高達30億美元的股權。
Investors can gain exposure to the stock via VanEck Uranium Nuclear Energy ETF (NYSE:NLR) and Virtus Reaves Utilities ETF (NYSE:UTES).
投資者可以通過VanEck鈾核能ETF（紐約證券交易所代碼：NLR）和Virtus Reaves Utilities ETF（紐約證券交易所代碼：UTES）獲得股票敞口。
Price Action: PCG shares are trading higher by 0.28% at $17.05 at the last check Thursday.
價格走勢：在週四的最後一次支票中，PCG股價上漲0.28％，至17.05美元。
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照片來自 Shutterstock