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Dec 31, 2022
PG&E Q4 2022 Earnings Report
PG&E's financial performance was on target, demonstrating commitment to reducing risks and building a climate-resilient energy system.
Key Takeaways
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.
GAAP earnings were $0.24 per diluted share for the fourth quarter of 2022, compared to earnings of $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.
2023 EPS guidance updated for GAAP earnings in the range of $0.98 to $1.13 and reaffirmed for non-GAAP core earnings in the range of $1.19 to $1.23 per share.
Reduced 2022 non-fuel O&M costs by 3%, net of inflation, as compared to 2021; exceeded annual reduction target of 2%.
Revenue by Segment
Forward Guidance
PG&E Corporation is updating 2023 GAAP earnings guidance in the range of $0.98 to $1.13 per diluted share and reaffirmed non-GAAP core earnings in the range of $1.19 to $1.23 per diluted 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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