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Mar 31, 2021

PG&E Q1 2021 Earnings Report

PG&E Corporation's first-quarter financial results were recorded, with GAAP earnings of $0.06 per share and non-GAAP core earnings of $0.23 per share.

Key Takeaways

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.

GAAP earnings were $0.06 per share for the first quarter of 2021, compared to $0.57 per share for the same period in 2020.

Non-GAAP core earnings were $0.23 per share for the first quarter of 2021, compared to $0.89 per share for the same period in 2020.

2021 EPS guidance adjusted for GAAP earnings in the range of $0.07 to $0.21.

Non-GAAP core earnings guidance reaffirmed at $0.95 to $1.05 per share.

Total Revenue
$4.72B
Previous year: $4.31B
+9.5%
EPS
$0.23
Previous year: $0.89
-74.2%
Gross Profit
$1.48B
Previous year: $1.51B
-1.8%
Cash and Equivalents
$229M
Previous year: $1.96B
-88.3%
Free Cash Flow
-$580M
Previous year: -$36M
+1511.1%
Total Assets
$98.6B
Previous year: $86.7B
+13.7%

PG&E

PG&E

PG&E Revenue by Segment

Forward Guidance

PG&E Corporation is adjusting 2021 GAAP earnings guidance in the range of $0.07 to $0.21 per share and reaffirmed non-GAAP core earnings of $0.95 to $1.05 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income