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Jun 30, 2021

PG&E Q2 2021 Earnings Report

Recorded GAAP earnings of $0.18 per share and non-GAAP core earnings of $0.27 per share.

Key Takeaways

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.

GAAP earnings were $0.18 per share for Q2 2021, compared to losses of $3.73 per share for the same period in 2020.

Non-GAAP core earnings were $0.27 per share for Q2 2021, compared to $1.03 per share for the same period in 2020.

2021 EPS guidance adjusted for GAAP earnings to a range of $0.01 to $0.15.

Reaffirmed non-GAAP core earnings of $0.95 to $1.05 per share.

Total Revenue
$5.22B
Previous year: $4.53B
+15.0%
EPS
$0.27
Previous year: $1.03
-73.8%
Gross Profit
$1.6B
Previous year: $1.5B
+6.6%
Cash and Equivalents
$307M
Previous year: $968M
-68.3%
Free Cash Flow
-$1.81B
Previous year: -$72M
+2413.9%
Total Assets
$100B
Previous year: $109B
-8.0%

PG&E

PG&E

PG&E Revenue by Segment

Forward Guidance

PG&E Corporation is adjusting 2021 GAAP earnings guidance to a range of $0.01 to $0.15 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