Earnings Call Summary | Portland General Electric(POR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Portland General Electric(POR.US) Q1 2024 Earnings Conference
The following is a summary of the Portland General Electric Company (POR) Q1 2024 Earnings Call Transcript:
以下是波特蘭通用電氣公司（POR）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Portland General Electric reported Q1 2024 GAAP net income of $109 million or $1.8 per diluted share, up from Q1 2023 GAAP net income of $74 million or $0.80 per diluted share.
Non-GAAP net income for Q1 2024 was $123 million, showing a rise in profit margins.
The decrease in revenue was primarily due to weather-driven decreases in deliveries, while power cost drove a $0.30 increase in EPS.
Strong income performance was attributable to robust load growth from semiconductor and data center customers.
The company reaffirmed its 2024 adjusted guidance of $2.98 to $3.18 per share and long-term earnings and dividend growth of 5% to 7%.
波特蘭通用電氣公佈的2024年第一季度GAAP淨收益爲1.09億美元，攤薄每股收益爲1.8美元，高於2023年第一季度的7400萬美元或攤薄每股收益0.80美元。
2024年第一季度的非公認會計准則淨收入爲1.23億美元，顯示利潤率有所提高。
收入下降的主要原因是天氣導致的交付量減少，而電力成本推動每股收益增長0.30美元。
強勁的收入表現歸因於半導體和數據中心客戶的強勁負荷增長。
該公司重申了其2024年調整後的每股2.98美元至3.18美元的預期以及5％至7％的長期收益和股息增長。
Business Progress:
業務進展：
There is a focus on the rapid transformation of energy systems, the execution of a clean energy capital plan, and strong operational discipline.
Industrial load growth increased by 4.9% compared to Q1 2023, driven by developments in the semiconductor industry.
There has been strong residential growth in rooftop solar and electric vehicle adoption, showing the company's appeal in the consumer market.
Portland General Electric is making progress on battery storage and transmission projects while focusing on grid modernization and resilience.
The company plans to join the CAISO EDAM, aimed at enhancing reliability and mitigating power cost pressure.
Application for general rate increase to recover battery storage project costs and continued system investments has been submitted, with new rates anticipated at the start of 2025.
Management of power costs provided a $0.17 benefit in Q1 2024 with the company anticipating to be around the PCAM baseline by the end of the year.
Recovery of the $75 million deferral under the PCAM and the $48 million in O&M and capital costs due to the January storm is due to begin in 2026.
重點是能源系統的快速轉型、清潔能源資本計劃的執行和嚴格的運營紀律。
受半導體行業發展的推動，與2023年第一季度相比，工業負荷增長了4.9％。
住宅屋頂太陽能和電動汽車的採用率一直強勁增長，這表明了該公司在消費市場的吸引力。
波特蘭通用電氣在電池存儲和輸電項目方面正在取得進展，同時專注於電網現代化和彈性。
該公司計劃加入CAISO EDAM，旨在提高可靠性並減輕電力成本壓力。
已經提交了普遍提高費率以回收電池存儲項目成本和持續系統投資的申請，預計新的費率將在2025年初提出。
電力成本管理在2024年第一季度帶來了0.17美元的收益，該公司預計到年底將接近PCAM的基準。
PCAM下的7500萬美元延期款項以及1月風暴造成的4,800萬美元運維和資本成本將從2026年開始收回。
More details: Portland General Electric IR
更多詳情： 波特蘭通用電氣紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。