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Jun 30, 2020
PG&E Q2 2020 Earnings Report
Recorded GAAP losses and initiated 2020 and 2021 earnings and EPS guidance.
Key Takeaways
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.
Recorded GAAP losses were $3.73 per share for the second quarter of 2020, compared to losses 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.
2020 EPS guidance initiated 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.
2021 EPS guidance initiated for GAAP earnings in the range of $0.17 to 0.29 and non-GAAP core earnings of $0.95 to $1.05 per share.
Revenue by Segment
Forward Guidance
PG&E Corporation is initiating 2020 guidance for consolidated GAAP losses in the range of $0.99 to $1.05 per share, which includes non-core items. On a non-GAAP basis, the guidance range for projected 2020 core earnings is $1.60 to $1.63 per share. PG&E Corporation is initiating 2021 GAAP earnings guidance in the range of $0.17 to $0.29 per share, which includes non-core items. On a non-GAAP basis, the guidance range for projected 2021 core earnings is $0.95 to $1.05 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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