The company said its full-year 2023 income available for common shareholders on a GAAP basis was $2,242 million ($1.05 per share) and its non-GAAP core earnings were $2,630 million ($1.23 per share). Full-year 2022 figures were $1,800 million ($0.84 per share) and $2,343 million ($1.10 per share), respectively.

1. 01

   The company said its full-year 2023 income available for common shareholders on a GAAP basis was $2,242 million ($1.05 per share) and its non-GAAP core earnings were $2,630 million ($1.23 per share). Full-year 2022 figures were $1,800 million ($0.84 per share) and $2,343 million ($1.10 per share), respectively.

2. 02

   PG&E raised its 2024 GAAP earnings per share guidance to $1.10 to $1.14 (previously $1.08 to $1.12) and its non-GAAP core earnings per share guidance to $1.33 to $1.37 (previously $1.31 to $1.35), the company said.

3. 03

   The company said non-core items, which management does not consider representative of ongoing earnings, totaled $388 million after tax ($0.18 per share) for full-year 2023 and $543 million after tax ($0.25 per share) for full-year 2022.

4. 04

   The company said it reduced non-fuel O&M costs by 5.5% in 2023 compared with 2022, exceeding its annual reduction target of 2% for the 2nd year in a row. It also said it increased its 5-year capital plan through 2028 to $62 billion, a 20% increase.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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