PG&E Reports In-Line Q4 Earnings, Increases 2025 EPS View

PG&E Corporation PCG reported fourth-quarter 2024 adjusted earnings per share (EPS) of 31 cents, which were in line with the Zacks Consensus Estimate. The bottom line, however, declined 34% from the year-ago quarter’s reported figure of 47 cents per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company reported GAAP earnings of 30 cents per share compared with 43 cents in the prior-year quarter.PCG reported 2024 adjusted earnings of $1.36 per share, which were higher than the year-ago figure of $1.23. The full-year bottom line was also in line with the Zacks Consensus Estimate.PCG’s 2024 RevenuesThe company reported revenues of $24.42 billion in 2024, which were lower than $24.43 billion in 2023. The full-year top-line figure also missed the Zacks Consensus Estimate of $24.96 billion.Pacific Gas & Electric Co. Price, Consensus and EPS Surprise Pacific Gas & Electric Co. price-consensus-eps-surprise-chart | Pacific Gas & Electric Co. QuoteOperational Highlights of PCGTotal operating expenses in 2024 were $19.96 billion, which decreased 8.3% from the prior-year figure.The company reported an operating income of $4.46 billion compared with $2.67 billion a year ago.Interest expenses totaled $3.05 billion compared with $2.85 billion in the previous year.Financial Condition of PCGAs of Dec. 31, 2024, cash and cash equivalents totaled $0.94 billion compared with $0.64 billion as of Dec. 31, 2023.The net cash flow from operating activities amounted to $8.04 billion during 2024 compared with $4.75 billion at the end of 2023.Capital expenditures totaled $10.37 billion compared with $9.71 billion in 2023.As of Dec. 31, 2024, the company’s long-term debt amounted to $53.57 billion compared with $50.98 billion as of Dec. 31, 2023.PCG’s 2025 GuidancePG&E updated its adjusted EPS guidance. The company now expects to generate adjusted earnings in the range of $1.48-$1.52 per share, higher than the earlier guidance of $1.47-$1.51. The Zacks Consensus Estimate for 2025 earnings is pegged at $1.49 per share, which lies lower than the midpoint of the company’s new guided range.PCG’s Zacks RankPG&E currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Utility ReleasesNextEra Energy, Inc. NEE reported fourth-quarter 2024 adjusted earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 51 cents by 3.9%. The company reported operating revenues of $5.38 billion, which lagged the consensus estimate of $6.49 billion by 17%.WEC Energy Group WEC reported fourth-quarter 2024 earnings of $1.43 per share, which missed the Zacks Consensus Estimate of $1.44 by 0.7%. The company reported operating revenues of $2.28 billion, which missed the consensus estimate of $2.6 billion by 12.1%.National Fuel Gas Company NFG reported first-quarter fiscal 2025 adjusted operating earnings of $1.66 per share, which beat the Zacks Consensus Estimate of $1.57 by 5.7%. The company reported sales of $549.5 million, which missed the consensus estimate of $594 million by 7.5%.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE): Free Stock Analysis Report Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report WEC Energy Group, Inc. (WEC): Free Stock Analysis Report National Fuel Gas Company (NFG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks