Pacific Gas and Electric Company (PG&E) reported a profit of $2.47 billion for the year 2024, marking a record for the second consecutive year. Despite this achievement, the company experienced a slight earnings miss in the fourth quarter of 2024, with adjusted earnings per share (EPS) reported at $0.31, aligning with expectations. PG&E has raised its guidance for adjusted EPS for 2025 to a range of $1.48 to $1.52, up from an earlier estimate of $1.47 to $1.51, with the consensus estimate set at $1.49. The utility's profitability comes amid six rate increases approved by California state regulators over the past year, prompting criticism from local officials regarding the impact on consumers.