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PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1905 and is based in Oakland, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
PG&E Corporation is a California regulated utility delivering electricity and natural gas across a large customer base in Northern and Central California. Long-term growth drivers include grid hardening and wildfire mitigation spending, electrification and decarbonization that may raise demand, and rate-base expansion that could support predictable cash flows.
Material risks include significant wildfire-related liabilities and regulatory scrutiny that can produce large financial obligations or cost disallowances, together with high capital intensity and financing needs that expose the company to interest-rate and credit risk.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 476.00M | 748.00M | -942.00M | -11042.00M | -10129.00M |
| Minority interest | - | - | 252.00M | 252.00M | 252.00M |
| Net income | 1814.00M | -88.00M | -1304.00M | -7642.00M | -6837.00M |
| Selling general administrative | 143.00M | 154.00M | - | 36.00M | 52.00M |
| Gross profit | 7015.00M | 6061.00M | 5887.00M | 4575.00M | 5107.00M |
| Reconciled depreciation | 3856.00M | 3403.00M | 3469.00M | 3234.00M | 3036.00M |
| Ebit | 2630.00M | 2618.00M | 2528.00M | 1673.00M | 2571.00M |
| Ebitda | 6486.00M | 6021.00M | 5996.00M | 4907.00M | 5607.00M |
| Depreciation and amortization | 3856.00M | 3403.00M | 3468.00M | 3234.00M | 3036.00M |
| Non operating income net other | 162.00M | 20.00M | -1437.00M | - | 500.00M |
| Operating income | 2630.00M | 2618.00M | 2528.00M | 1673.00M | -9700.00M |
| Other operating expenses | 19606.00M | 18501.00M | 16463.00M | 15788.00M | 14688.00M |
| Interest expense | 1917.00M | 1601.00M | 1260.00M | 934.00M | 929.00M |
| Tax provision | -1338.00M | 836.00M | 362.00M | -3400.00M | -3292.00M |
| Interest income | 162.00M | 20.00M | 39.00M | 852.00M | 76.00M |
| Net interest income | -1755.00M | -1581.00M | -1221.00M | -852.00M | -853.00M |
| Extraordinary items | - | - | - | - | 13.00M |
| Non recurring | -477.00M | -517.00M | - | - | - |
| Income tax expense | -1338.00M | 836.00M | 362.00M | -3400.00M | -3292.00M |
| Total revenue | 21680.00M | 20642.00M | 18469.00M | 17129.00M | 16759.00M |
| Total operating expenses | 4941.00M | 3920.00M | 3881.00M | 3234.00M | 3036.00M |
| Cost of revenue | 14665.00M | 14581.00M | 12582.00M | 12554.00M | 11652.00M |
| Total other income expense net | -2154.00M | -1870.00M | -3470.00M | -12715.00M | -11347.00M |
| Net income from continuing ops | 1814.00M | 1584.00M | -1304.00M | -7642.00M | -6837.00M |
| Net income applicable to common shares | 1800.00M | -102.00M | -1318.00M | -7656.00M | -6851.00M |
| Preferred stock and other adjustments | 14.00M | 14.00M | -14.00M | - | 14.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 118644.00M | 103177.00M | 97856.00M | 85196.00M | 76995.00M |
| Other current assets | 2189.00M | 1826.00M | 2208.00M | 961.00M | 681.00M |
| Total liab | 95569.00M | 77567.00M | 76603.00M | 79808.00M | 64092.00M |
| Total stockholder equity | 22823.00M | 25610.00M | 21001.00M | 5136.00M | 12651.00M |
| Deferred long term liab | 2732.00M | 3177.00M | 1398.00M | 6066.00M | 3281.00M |
| Other current liab | 7923.00M | 5152.00M | 4748.00M | 1254.00M | 15737.00M |
| Common stock | 32887.00M | 1322.00M | 30224.00M | 13038.00M | 12910.00M |
| Capital stock | 32887.00M | 1580.00M | 30224.00M | 13038.00M | 12910.00M |
| Retained earnings | -7542.00M | -4247.00M | -9196.00M | -7892.00M | -250.00M |
| Other liab | 30796.00M | 25642.00M | 24526.00M | 46143.00M | 22397.00M |
| Other assets | 28285.00M | 21190.00M | 20377.00M | 11110.00M | 9243.00M |
| Cash | 734.00M | 165.00M | 484.00M | 1570.00M | 1668.00M |
| Cash and equivalents | 734.00M | 291.00M | 484.00M | 1570.00M | 1668.00M |
| Total current liabilities | 15788.00M | 17310.00M | 13581.00M | 7631.00M | 41695.00M |
| Current deferred revenue | 423.00M | 2199.00M | 2323.00M | 2367.00M | 1988.00M |
| Net debt | 52805.00M | 41383.00M | 42120.00M | 2216.00M | 20327.00M |
| Short term debt | 4554.00M | 7106.00M | 4108.00M | 2056.00M | 21995.00M |
| Short long term debt | 4323.00M | 6639.00M | 3575.00M | 1500.00M | 21995.00M |
| Short long term debt total | 53539.00M | 41548.00M | 42604.00M | 3786.00M | 21995.00M |
| Other stockholder equity | -2517.00M | 28286.00M | 252.00M | -10.00M | -9.00M |
| Property plant equipment | 1311.00M | 69482.00M | 66136.00M | 63921.00M | 58557.00M |
| Total current assets | 12815.00M | 11086.00M | 9602.00M | 10165.00M | 9195.00M |
| Long term investments | 3297.00M | 3798.00M | 3538.00M | 3173.00M | 2730.00M |
| Net tangible assets | 22823.00M | 20971.00M | 21001.00M | 5136.00M | 12651.00M |
| Net receivables | 8837.00M | 8483.00M | 6139.00M | 6987.00M | 6292.00M |
| Long term debt | 47742.00M | 38225.00M | 37288.00M | 23116.00M | 0.00M |
| Inventory | 842.00M | 596.00M | 628.00M | 647.00M | 554.00M |
| Accounts payable | 2888.00M | 2853.00M | 2402.00M | 1954.00M | 1975.00M |
| Noncontrolling interest in consolidated entity | 252.00M | 252.00M | 252.00M | - | 252.00M |
| Accumulated other comprehensive income | -5.00M | -9.00M | -27.00M | -10.00M | -9.00M |
| Common stock total equity | 32887.00M | 35129.00M | 30224.00M | 13038.00M | 12910.00M |
| Retained earnings total equity | -7542.00M | -9284.00M | -9196.00M | - | -250.00M |
| Treasury stock | - | -4854.00M | - | - | - |
| Non currrent assets other | 24590.00M | 17233.00M | 16839.00M | 7937.00M | 1480.00M |
| Non current assets total | 105829.00M | 92091.00M | 88254.00M | 75031.00M | 67800.00M |
| Capital lease obligations | 1474.00M | 1277.00M | 1741.00M | 2286.00M | - |
| Long term debt total | 47742.00M | 38225.00M | 37288.00M | 23123.00M | 9.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -10214.00M | -24.00M | -72.00M | -6378.00M | -73.00M |
| Change to liabilities | 627.00M | 117.00M | 58.00M | 516.00M | 409.00M |
| Total cashflows from investing activities | -10214.00M | -6905.00M | -7748.00M | -6378.00M | -6564.00M |
| Net borrowings | 10130.00M | 3991.00M | 18786.00M | 1500.00M | 2851.00M |
| Total cash from financing activities | 7133.00M | 4379.00M | 26070.00M | 1464.00M | 3031.00M |
| Change to operating activities | -2089.00M | -3045.00M | -23420.00M | 11000.00M | 10735.00M |
| Net income | 1814.00M | 138.00M | 411.00M | -7642.00M | -6837.00M |
| Change in cash | 427.00M | -239.00M | -868.00M | -105.00M | 1212.00M |
| Begin period cash flow | 307.00M | 404.00M | 1129.00M | 1675.00M | 456.00M |
| End period cash flow | 734.00M | 165.00M | 261.00M | 1570.00M | 1668.00M |
| Total cash from operating activities | 3721.00M | 2448.00M | -19047.00M | 4816.00M | 4752.00M |
| Issuance of capital stock | 0.00M | 0.00M | 12986.00M | 85.00M | 200.00M |
| Depreciation | 3856.00M | 3403.00M | 3469.00M | 3234.00M | 3036.00M |
| Other cashflows from investing activities | -630.00M | 808.00M | 14.00M | -65.00M | 23.00M |
| Dividends paid | - | - | - | 0.00M | 0.00M |
| Change to inventory | -246.00M | -32.00M | 6.00M | -80.00M | -73.00M |
| Change to account receivables | -757.00M | -584.00M | -1160.00M | -104.00M | -121.00M |
| Sale purchase of stock | - | 0.00M | 1304.00M | 85.00M | 200.00M |
| Other cashflows from financing activities | 23202.00M | 15864.00M | 19133.00M | 1729.00M | 5333.00M |
| Change to netincome | 39.00M | 2052.00M | 1373.00M | -2117.00M | -2374.00M |
| Capital expenditures | 9584.00M | 7689.00M | 7690.00M | 6313.00M | 6514.00M |
| Change receivables | -757.00M | -589.00M | -1182.00M | - | -121.00M |
| Cash flows other operating | -1612.00M | -2601.00M | -21549.00M | - | 10712.00M |
| Cash and cash equivalents changes | 640.00M | -320.00M | -950.00M | - | 1219.00M |
| Change in working capital | -1847.00M | -2838.00M | -19731.00M | -867.00M | 10927.00M |
| Stock based compensation | - | 154.00M | - | - | - |
| Other non cash items | 350.00M | -255.00M | -4337.00M | 13039.00M | 158.00M |
| Free cash flow | -5863.00M | -5241.00M | -26737.00M | -1497.00M | -1762.00M |
Sector: Utilities Industry: Utilities - Regulated Electric
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PCG PG&E Corp |
-0.18 1.41% |
12.91 | 20.49 | 12.85 | 1.94 | 1.83 | 4.37 | 15.66 |
| NEE Nextera Energy Inc |
0.43 0.51% |
86.42 | 18.34 | 18.80 | 5.89 | 2.98 | 9.67 | 15.69 |
| DUK Duke Energy Corporation |
0.81 0.63% |
129.59 | 20.24 | 18.76 | 3.08 | 1.92 | 5.88 | 11.11 |
| NGGTF National Grid plc |
- -% |
16.40 | 16.58 | 12.18 | 4.29 | 1.39 | 5.62 | 12.31 |
| SO Southern Company |
-0.67 0.71% |
93.17 | 25.35 | 17.76 | 2.89 | 2.48 | 5.27 | 13.35 |
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1905 and is based in Oakland, California.
| Name | Title | Year Born |
|---|---|---|
| Ms. Patricia Kessler Poppe | CEO & Director | 1969 |
| Mr. Christopher A. Foster | Exec. VP & CFO | 1979 |
| Mr. John R. Simon | Exec. VP, Gen. Counsel and Chief Ethics & Compliance Officer | 1965 |
| Mr. Sumeet Singh | Exec. VP, Chief Risk Officer & Chief Safety Officer | 1979 |
| Mr. David S. Thomason | VP & Controller | 1976 |
| Mr. Ajay Waghray | Sr. VP & Chief Information Officer | 1962 |
| Matthew Fallon | Sr. Director of Investor Relations | NA |
| Mr. Julius Cox | Exec. VP of People, Shared Services & Supply Chain | 1971 |
| Mr. Stephen J. Cairns | VP & Chief Audit Officer | 1968 |
| Mr. James A. Mesterharm | Chief Restructuring Officer | 1968 |
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