Strong Revenue Growth
PEG's revenue grew 18.3% year-over-year from $10.29B to $12.17B in FY2025, reflecting meaningful expansion in the company's core utility operations and rate base growth.
来源: 10-K Income Statement, Financial Data
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
PEG delivered strong FY2025 results with revenue surging 18.3% to $12.17B and net income rising 19.1% to $2.11B, driven by robust operating cash flow growth of 54.6% to $3.30B.
营收
121.68亿美元
同比 +18.25%
每股收益（稀释）
4.22美元
同比 +19.21%
营业利润
29.8亿美元
同比 +26.65%
SEC XBRL 原值
PEG FY2025 营收 121.68亿美元，同比增长 18.3%。 营业利润率 24.5%，较去年同期的 22.9% 扩大 1.6 个百分点。 经营活动现金流 32.98亿美元，同比增长 54.6%。
近 4 个季度：4 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 0.86 | 0.81 | 超预期 +6.5% |
| 2026年3月 | 1.55 | 1.45 | 超预期 +6.9% |
| 2025年12月本次财报 | 0.72 | 0.72 | 超预期 +0.3% |
| 2025年9月 | 1.13 | 1.03 | 超预期 +10.1% |
2025年12月 实际 EPS 0.72美元，分析师一致预期 0.72美元，超预期 +0.3%。
由 AI 基于本次 SEC 报告整理
PEG's revenue grew 18.3% year-over-year from $10.29B to $12.17B in FY2025, reflecting meaningful expansion in the company's core utility operations and rate base growth.
来源: 10-K Income Statement, Financial Data
Operating margin improved by approximately 1.6 percentage points to 24.5% in FY2025 (from 22.9% in the prior year), as operating income grew 26.6% to $2.98B — outpacing revenue growth and signaling improving operational efficiency.
来源: 10-K Income Statement & Key Ratios, Financial Data
Operating cash flow jumped 54.6% to $3.30B in FY2025 from $2.13B in the prior year, significantly strengthening the company's ability to fund capital expenditures and service its long-term debt obligations.
来源: 10-K Cash Flow Statement, Financial Data
Current liabilities declined 11.8% to $5.74B while current assets rose 8.5% to $4.60B, improving the current ratio from approximately 0.65 to 0.80, though it remains below 1.0, indicating the company still relies on operating cash flows and financing to meet near-term obligations.
来源: 10-K Balance Sheet, Financial Data
Investing cash outflows remained essentially flat at -$3.31B in FY2025 versus -$3.31B in the prior year, consistent with a regulated utility's ongoing infrastructure investment cycle, while long-term debt increased 6.8% to $22.55B to help fund these capital expenditures.
来源: 10-K Cash Flow & Balance Sheet, Financial Data
由 AI 基于本次 SEC 报告整理 · 高 2 中 3 低 0
PEG carries $22.55B in long-term debt as of FY2025, up 6.8% year-over-year, representing a significant financial obligation relative to its asset base. With a current ratio below 1.0 (0.80), the company depends on continued strong operating cash flows and capital market access to meet obligations. Rising interest rates could materially increase borrowing costs on refinanced or new debt.
来源: 10-K Balance Sheet & Key Ratios, Financial Data
As a regulated utility, PEG's revenue and profitability are subject to approval by state and federal regulators. Adverse rate case outcomes or delays in recovering capital investments through rates could compress margins and slow earnings growth. The company's ability to sustain its 18.3% revenue growth depends heavily on constructive regulatory decisions.
来源: 10-K Income Statement, Financial Data
PEG invested approximately $3.31B in capital expenditures in FY2025, consistent with the prior year, reflecting the capital-intensive nature of utility infrastructure. Sustained high capex requires ongoing access to debt and equity markets, and any disruption in capital availability could impair growth plans.
来源: 10-K Cash Flow Statement, Financial Data
Cash and equivalents stood at only $132M at year-end FY2025, a modest 5.6% increase from $125M. Given the scale of the company's operations and debt load, this thin cash cushion increases reliance on credit facilities and operating cash generation to manage liquidity.
来源: 10-K Balance Sheet, Financial Data
Financing cash flows collapsed 99.0% to just $12M in FY2025 from $1.23B in the prior year, suggesting significantly reduced net new borrowing or equity issuance activity. If capital needs increase or operating cash flows weaken, the company may need to return to capital markets on potentially less favorable terms.
来源: 10-K Cash Flow Statement, Financial Data
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 121.68 亿美元 | 102.90 亿美元 | +18.25% |
营业利润 亿美元 | 29.80 亿美元 | 23.53 亿美元 | +26.65% |
净利润 亿美元 | 21.11 亿美元 | 17.72 亿美元 | +19.13% |
每股收益（基本） 美元 | 4.23 美元 | 3.56 美元 | +18.82% |
每股收益（稀释） 美元 | 4.22 美元 | 3.54 美元 | +19.21% |
答案基于本次 SEC 报告与本页数据