PG&E CORPORATION Reports 3.4% Increase in Revenue for Second Quarter of FY2023
August 29, 2023
☀️Earnings Overview
PG&E CORPORATION ($NYSE:PCG) reported total revenue of USD 5290.0 million for the second quarter of fiscal 2023, which was 3.4% higher than the corresponding quarter in the previous year. Net income for the quarter ending June 30 2023 rose 13.9% to USD 410.0 million, as reported on July 27 2023.
Analysis
This type of company may be of interest to investors who are looking for stability and not necessarily high returns. PG&E CORPORATION has an intermediate health score of 4/10 when it comes to their cashflows and debt, which suggests that they may be able to survive any crisis without the risk of bankruptcy. Furthermore, the company is strong in asset management, medium in growth, profitability and weak in dividends. While this may not be ideal for those looking for high returns, it may still be attractive to more conservative investors who are looking for reliability. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pg&e Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 22.26k | 1.94k | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pg&e Corporation. More…
| Operations | Investing | Financing |
| 4.54k | -9.65k | 5.86k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pg&e Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 120.7k | 96.69k | 10.13 |
Key Ratios Snapshot
Some of the financial key ratios for Pg&e Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.3% | -28.6% | 12.6% |
| FCF Margin | ROE | ROA |
| -23.3% | 6.8% | 1.4% |
Peers
PG&E Corp is one of the largest electric and gas utility companies in the United States. The company’s competitors include Ameren Corp, Duke Energy Corp, NiSource Inc.
– Ameren Corp ($NYSE:AEE)
Ameren Corporation is a holding company for several electric and natural gas utilities serving customers in Missouri and Illinois. The company’s electric utilities serve 2.4 million customers in Missouri and Illinois. Ameren’s natural gas utilities serve 1.2 million customers in Missouri and Illinois. The company’s transmission system includes about 16,000 miles of high-voltage power lines.
– Duke Energy Corp ($NYSE:DUK)
Duke Energy Corporation is an American electric power holding company headquartered in Charlotte, North Carolina. The company was founded in 1904 as the merger of three electricity companies. Duke Energy operates in six U.S. states: North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky.
Duke Energy is the largest electric power holding company in the United States, with assets totaling over $100 billion. The company has a market capitalization of $67.16 billion as of 2022 and a return on equity of 7.73%. Duke Energy is a diversified energy company that owns and operates a variety of electric generation and transmission assets, as well as natural gas and oil pipelines. The company also provides a variety of energy-related services to its customers.
– NiSource Inc ($NYSE:NI)
NiSource Inc is a publicly traded utility holding company based in Merrillville, Indiana, United States. It is the parent company of Northern Indiana Public Service Company (NIPSCO), Columbia Gas of Massachusetts, Columbia Gas of Ohio, Columbia Pipeline Group, and NIPSCO Industrial. The company has a market cap of 9.8B as of 2022 and a return on equity of 10.43%. NiSource Inc is a diversified energy delivery company that provides electricity, natural gas, and other energy services to customers in the United States and Canada.
Summary
PG&E CORPORATION‘s second quarter of FY2023 saw an overall positive performance, with total revenue increasing by 3.4% compared to the same period last year and net income increasing by 13.9%. These results indicate that PG&E CORPORATION is in a strong financial position and suggests that investors should consider adding the company to their portfolios as an attractive and reliable source of returns. The company’s strong fundamentals, sound management and commitment to delivering value to shareholders make it a potential investment opportunity.
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