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Sep 30, 2024
PG&E Q3 2024 Earnings Report
PG&E Corporation reported strong third-quarter results, strengthened 2024 guidance, initiated 2025 guidance, and grew its 5-year capital plan.
Key Takeaways
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.
GAAP earnings were $0.27 per share for the third quarter of 2024, compared to earnings of $0.16 for the same period in 2023.
Non-GAAP core earnings were $0.37 per share for the third quarter of 2024, compared to earnings of $0.24 per share for the same period in 2023.
Updated 2024 EPS GAAP guidance to a range of $1.09 to $1.14 per share and narrowed 2024 non-GAAP core EPS guidance to a range of $1.34 to $1.37 per share.
Increased 5-year capital investment plan by $1 billion for a total of $63 billion for 2024 through 2028.
Revenue by Segment
Forward Guidance
PG&E Corporation is updating 2024 GAAP earnings guidance in the range of $1.09 to $1.14 per share and narrowing the guidance range for projected 2024 non-GAAP core earnings to $1.34 to $1.37 per share. PG&E Corporation is initiating 2025 GAAP earnings guidance in the range of $1.30 to $1.36 per share, and the guidance range for projected 2025 non-GAAP core earnings is initiated at $1.47 to $1.51 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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