PG&E Earnings Reports

PG&E reported stable revenue but a decline in net income and EPS due to the impact of the 2023 General Rate Case. The company exceeded cost reduction targets and secured a $15 billion loan guarantee for grid modernization.

PG&E Corporation reported GAAP earnings of $0.27 per share for the third quarter of 2024, compared to $0.16 for the same period in 2023. Non-GAAP core earnings were $0.37 per share, compared to $0.24 per share in 2023. The company is updating its 2024 EPS GAAP guidance to a range of $1.09 to $1.14 per share and narrowing its 2024 non-GAAP core EPS guidance to a range of $1.34 to $1.37 per share.

PG&E Corporation reported GAAP earnings of $0.24 per share and non-GAAP core earnings of $0.31 per share for the second quarter of 2024. The company is on track to deliver solid 2024 results, driven by customer capital investment and operating and maintenance savings.

PG&E Corporation reported a strong first quarter with GAAP earnings of $0.34 per share and non-GAAP core earnings of $0.37 per share. The company is on track to deliver solid 2024 results, driven by customer capital investment and operating & maintenance savings. 2024 EPS GAAP guidance updated in the range of $1.15 to $1.20 per share and non-GAAP core EPS guidance reaffirmed at $1.33 to $1.37 per share.

PG&E Corporation's Q4 2023 GAAP earnings were $0.43 per share, and non-GAAP core earnings were $0.47 per share. The company increased its 2024 earnings guidance and highlighted its progress in reducing wildfire ignitions and O&M costs.

PG&E Corporation reported a decrease in GAAP earnings to $0.16 per diluted share for Q3 2023, compared to $0.21 per diluted share in Q3 2022. Non-GAAP core earnings also decreased to $0.24 per diluted share from $0.29 per diluted share in the same period last year. The company is updating 2023 GAAP earnings guidance to $0.99 to $1.08 per diluted share and reaffirming 2023 non-GAAP core earnings guidance in the range of $1.19 to $1.23 per diluted share.

PG&E Corporation reported second quarter GAAP earnings of $0.19 per diluted share, compared to $0.17 per diluted share for the same period in 2022. Non-GAAP core earnings were $0.23 per diluted share, compared to $0.25 per diluted share in 2022. The company updated its 2023 EPS guidance for GAAP earnings to $1.04 to $1.13 per share and reaffirmed its non-GAAP core earnings guidance of $1.19 to $1.23 per share.

PG&E Corporation reported first-quarter 2023 income available for common shareholders of $569 million, or $0.27 per diluted share. Non-GAAP core earnings were $615 million, or $0.29 per diluted share. The company is on track to meet earnings targets and reduce non-fuel operating and maintenance costs by 2%.

PG&E Corporation reported GAAP earnings of $0.24 per diluted share for the fourth quarter of 2022, compared to $0.22 per diluted share for the same period in 2021. Non-GAAP core earnings were $0.26 per diluted share for the fourth quarter of 2022, compared to $0.28 per diluted share for the same period in 2021. The company updates 2023 GAAP earnings guidance of $0.98 to $1.13 per Diluted Share, and reaffirms 2023 Non-GAAP Core Earnings Guidance of $1.19 to $1.23 per Diluted Share.

PG&E Corporation reported third-quarter 2022 GAAP earnings of $0.21 per diluted share, a significant improvement compared to losses of $(0.55) per diluted share in the same period of 2021. Non-GAAP core earnings were $0.29 per diluted share, up from $0.24 in the prior year. The company updated its 2022 EPS guidance for GAAP earnings to $0.80 to $1.01 per diluted share and narrowed non-GAAP core earnings guidance to $1.09 to $1.11 per diluted share.

PG&E Corporation reported second-quarter GAAP earnings of $0.17 per diluted share and non-GAAP core earnings of $0.25 per diluted share. The company reaffirmed its non-GAAP core earnings guidance for 2022 at $1.07 to $1.13 per diluted share and adjusted GAAP earnings guidance to $0.74 to $1.02 per diluted share.

PG&E Corporation reported GAAP earnings of $0.22 per diluted share and non-GAAP core earnings of $0.30 per diluted share for the first quarter of 2022. The company is adjusting 2022 GAAP earnings guidance to $0.85 to $1.16 per diluted share and reaffirmed non-GAAP core earnings guidance to $1.07 to $1.13 per diluted share.

PG&E Corporation reported Q4 2021 GAAP earnings of $0.22 per share, compared to $0.09 per share for the same period in 2020. Non-GAAP core earnings were $0.28 per share for Q4 2021, compared to $0.21 per share in Q4 2020. The company exceeded its enhanced vegetation management goal by 10%.

PG&E Corporation reported a GAAP loss of $0.55 per share for the third quarter of 2021, compared to earnings of $0.04 per share for the same period in 2020. Non-GAAP core earnings were $0.24 per share for the third quarter of 2021, compared to $0.22 per share for the same period in 2020. The company adjusted its 2021 EPS guidance for GAAP earnings to a range of $(0.12) to $0.07 and reaffirmed non-GAAP core earnings of $0.95 to $1.05 per share.

PG&E Corporation reported second-quarter 2021 income available for common shareholders of $397 million, or $0.18 per share, compared to losses of $1,972 million, or $3.73 per share, for the same period in 2020. Non-GAAP core earnings were $575 million, or $0.27 per share, compared with $542 million, or $1.03 per share, during the same period in 2020.

PG&E Corporation reported first-quarter 2021 GAAP earnings of $0.06 per share, a decrease from $0.57 per share in the same period of 2020. Non-GAAP core earnings were $0.23 per share, down from $0.89 per share in the prior year. The company is adjusting its 2021 GAAP earnings guidance to $0.07 to $0.21 per share and reaffirmed its non-GAAP core earnings guidance of $0.95 to $1.05 per share.

PG&E Corporation reported Q4 2020 GAAP earnings of $0.09 per share and non-GAAP core earnings of $0.21 per share. The company adjusted its 2021 EPS guidance for GAAP losses to a range of $0.52 to $0.38 and reaffirmed non-GAAP core earnings guidance of $0.95 to $1.05 per share. A 10 percent non-GAAP core earnings per share growth guidance was introduced over its five-year plan.

PG&E Corporation reported GAAP earnings of $0.04 per share for the third quarter of 2020, a significant improvement compared to losses of $3.06 per share for the same period in 2019. However, non-GAAP core earnings were $0.22 per share, down from $1.11 per share in the third quarter of 2019. The company reaffirmed its 2020 non-GAAP core earnings guidance of $1.60 to $1.63 per share and adjusted its GAAP losses guidance to a range of $1.00 to $1.06. PG&E emerged from Chapter 11 bankruptcy on July 1, 2020, and is focused on wildfire mitigation and customer service.

PG&E Corporation reported a GAAP loss of $3.73 per share for the second quarter of 2020, compared to a loss of $4.83 per share for the same period in 2019. Non-GAAP core earnings were $1.03 per share for the second quarter of 2020, compared to $1.10 per share for the same period in 2019. The company initiated 2020 EPS guidance for GAAP losses in the range of $0.99 to $1.05 and non-GAAP core earnings of $1.60 to $1.63 per share.

PG&E Corporation reported first-quarter 2020 GAAP earnings of $0.57 per share, compared to $0.25 per share for the same period in 2019. Non-GAAP core earnings were $0.89 per share, compared to $1.04 per share in 2019. The company continues to progress in its Chapter 11 reorganization and is on track for court confirmation of its Plan by June 30, 2020.

PG&E Corporation reported a GAAP net loss of $3.6 billion, or $6.84 per share, for the fourth quarter of 2019. Non-GAAP core earnings were $360 million, or $0.68 per share, excluding non-core items primarily driven by charges for estimated third-party wildfire claims. The company is progressing with its Chapter 11 reorganization, aiming for confirmation by June 30, 2020.