周四，太平洋天然气电力公司（NYSE:PCG）公布了第四季度财报。调整后每股收益（EPS）为$0.31，与市场预期一致。该公司2024年的调整后每股收益为$1.36，高于2023年的$1.23，这得益于2023年一般费率案例最终决议中批准的更高客户资本投资，通过资本成本程序获得了权益回报。运营现金流从2023年的$4.7亿上升至2024年的$8.0亿。2024年，不含燃料的运营和维护（O&M）成本减少了4%，超出了2%的目标。同时，该公司在过去三年中每年节省了超过$2亿的不含燃料的O&M成本。2024年，公司与美国能源部贷款项目办公室签订了一项$150亿的贷款担保协议，用于资助电网现代化项目，这可能通过低成本融资为客户节省高达$10亿的净现值。

以上内容来自Benzinga Earnings专栏，原文如下：

Pacific Gas & Electric Co. (NYSE:PCG) shares are trading lower on Friday. On Thursday, the company reported fourth-quarter results, with an adjusted EPS of $0.31, which was in line with the consensus.

PG&E reported 2024 adjusted EPS of $1.36, up from $1.23 in 2023, aided by higher customer capital investment, as approved in the 2023 General Rate Case final decision, which earns an equity return under the cost of capital proceeding.

Operating cash flow stood at $8.0 billion in 2024, up from $4.7 billion in 2023.

In 2024, non-fuel operating and maintenance (O&M) costs decreased by 4%, surpassing the 2% target. The company has saved over $200 million in non-fuel O&M costs annually for the past three years.

In 2024, the company secured a $15 billion loan guarantee agreement with the U.S. Department of Energy’s Loan Programs Office to fund grid modernization projects, potentially saving customers up to $1 billion on a net present value basis through lower-cost financing.

Outlook: PG&E raised its 2025 adjusted EPS guidance to $1.48 – $1.52 from its previous estimate of $1.47 – $1.51, vs. the consensus estimate of $1.49.

The company targets a dividend payout ratio of around 20% of core earnings by 2028.

PG&E CEO Patti Poppe said, “In 2024, we continued progress in ways that matter to both customers and investors. We delivered energy safely—our system has never been safer, and we are working to make it even safer. We stabilized combined gas and electric bills for residential customers. And we connected more new customers to our grid than we have in decades.” 

In a separate release, the company stated that it is planning to support approximately 5.5 gigawatts (GW) of new data center energy demand over the next decade. 

Of this, 1.4 GW is in the final design phase and is expected to become operational between 2026 and 2030.

Investors can gain exposure to the stock via Listed Funds Trust TrueShares Eagle Global Renewable Energy Income ETF (NYSE:RNWZ) and VanEck Uranium And Nuclear ETF (NYSE:NLR).

Price Action: PCG shares are down 1.86% at $15.56 at the last check Friday.

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