PG&E

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PG&E reports solid earnings, focuses on risk reduction and growth

PG&E's performance reflects stability and growth potential, supported by successful risk mitigation efforts and financial resilience.
While facing challenges in legal proceedings and financial disallowances, the company is well-positioned to capitalize on opportunities in infrastructure investment and EV market growth.
By focusing on operational excellence, regulatory progress, and innovation, PG&E aims to enhance its competitive position and drive sustainable growth in the future.

PG&E reports strong Q1 earnings, eyes asset sales for growth

PG&E's Q1 2023 Earnings Call showcased solid financial performance, progress in risk mitigation, and confidence in meeting targets. The company faces challenges with cost of capital adjustments and significant impact filings. However, opportunities like dividend reinstatement and asset sales present avenues for growth and savings.

PG&E reports steady earnings, focuses on safety and innovation

PG&E's financial performance in Q2 2023 was steady, with a focus on earnings growth and risk mitigation strategies.
The company's emphasis on safety, innovation, and AI integration highlights a commitment to operational excellence.
While facing regulatory and data protection challenges, PG&E is poised to leverage opportunities for growth and customer support.

PG&E reports in-line Q3 earnings, focuses on safety and stability

PG&E's Q3 performance met expectations, with a focus on safety, financial stability, and infrastructure investments.
While challenges exist in cash flow constraints and rate case decisions, the company is proactive in advocating for regulatory support.
Opportunities lie in strengthening financial metrics, legislative milestones, and ongoing infrastructure projects for future growth and resilience.

PG&E surpasses earnings expectations, Moody's upgrades rating outlook

PG&E's strong financial performance in 2023 exceeded expectations, with a positive outlook for future growth. The company's focus on risk mitigation, efficient financing, and customer service enhancements positions it well for continued success. Challenges include addressing potential asset sales and rate payer impacts, while opportunities lie in electrification and strategic financial planning.

PG&E reports solid Q1 earnings, eyes growth amidst regulatory challenges

PG&E's Q1 2024 performance aligns with guidance, emphasizing growth and customer benefits.
The company's financial plan prioritizes dividend growth, equity investments, and cost savings.
Challenges include financing CapEx, supply chain efficiency, and regulatory compliance.
Opportunities lie in investment potential, regulatory developments, and technological advancements.

PG&E reports solid earnings, advances safety measures amid wildfire risks

PG&E's Q2 2024 performance reflects steady earnings growth and strategic resilience, underpinned by robust financial risk mitigations and customer-centric investments.
While challenges persist in managing wildfire risks and navigating regulatory landscapes, the company's proactive approach and advocacy efforts signal a commitment to long-term sustainability.
Opportunities lie in influencing policy discussions, expanding market presence through affordable growth strategies, and leveraging additional liquidity for future investments and resilience.
Overall, PG&E's focus on safety, financial discipline, and stakeholder engagement positions it well for sustainable growth and value creation in the evolving energy landscape.

PG&E reports solid Q3 earnings, focuses on safety and growth

PG&E's financial performance in Q3 2024 showed steady growth and a narrowed EPS guidance for the year.
The company's commitment to safety, infrastructure investments, and financial discipline were key highlights.
Challenges in managing cash flows, securing financing, and regulatory compliance were also discussed.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.

Company's Latest Wildfire Mitigation Plan Builds Upon Proven Layers of Protection, Introduces New Technology Solutions    OAKLAND, Calif. , March 27, 2023 /PRNewswire/ -- Building upon proven layers of protection that have reduced wildfire risk from the company's equipment by more than 90%1, Pacific Gas and Electric Company (PG&E) today shared its multi-faceted, risk-informed strategy aimed at continuing to close the gap on the remaining 10% of wildfire risk.

PG&E Outlines Continued Risk-Informed Improvements to Wildfire Safety Efforts Through 2025

SAN DIEGO--(BUSINESS WIRE)---- $PCG #PGECorporation--PG&E Corporation (PCG) Made False and Misleading Statements Regarding its Wildfire Safety Practices

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against PG&E (PCG)

GHG-Free Electricity Deliveries Included 49% Nuclear, 40% Eligible-Renewable Resources and 7% Hydroelectric OAKLAND, Calif. , March 20, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) customers received 96% greenhouse gas-free electricity in 2022, making PG&E's mix of electricity sources among the cleanest in the world.

PG&E Customers' Electricity 96% Greenhouse Gas-Free in 2022

Carolyn Burke could focus on capital-spending plan as company continues to face post-bankruptcy restraints.

PG&E Appoints CFO as Utility Aims to Reduce Wildfire Risk

Ms. Burke Brings Decades of Financial Acumen and Turnaround Experience to PG&E OAKLAND, Calif. , March 15, 2023 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) today announced that Carolyn Burke, a finance and operations executive with extensive leadership and turnaround experience in Fortune 500 energy and financial services companies, will assume the role of Executive Vice President and Chief Financial Officer, effective May 4, 2023.

PG&E Corporation Appoints Carolyn Burke as Executive Vice President and Chief Financial Officer

The utilities sector remains expensive, but not all stocks are priced richly. With a dividend resumption expected later this year and a low forward P/E, I see shares of PG&E as an ongoing value play.

PG&E: Dividend Reinstatement Expected In H2, Shares Remain Undervalued

With climbing revenues and net income, the company is recovering well from its bankruptcy. If current trends continue, the company should eventually offer a dividend.

PG&E Is Tempting, But I Still Refuse To Buy

When Adjusting the Clock this Weekend Also Check Monoxide Detector Batteries and Notify 811 If You're Planning a Digging Project OAKLAND, Calif. , March 9, 2023 /PRNewswire/ -- It's time to spring forward!

PG&E Customers Can Spring Forward with Safety as Daylight Saving Begins Sunday, March 12

Warm Weather Event May Lead to Flooding OAKLAND, Calif. , March 8, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is mobilizing personnel ahead of a significant winter storm that will arrive Thursday afternoon and move across much of Northern and Central California Friday, bringing with it significant rain, snow levels rising to 6,000 to 8,000 feet north to south in the Sierra, as well as strong wind gusts.

PG&E Mobilizing for Powerful Winter Storm Expected to Arrive in Northern California Thursday, Spread to Rest of the State Friday

National Consumer Protection Week is March 5-11 OAKLAND, Calif. , March 6, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is joining the Federal Trade Commission (FTC) to help customers recognize and avoid potential scams during National Consumer Protection Week from March 5-11, 2023.

Stay Safe from Scams: PG&E Partners with the Federal Trade Commission to Help Customers Recognize and Avoid Utility Scams

State Climate Credit, Near-Normal Natural Gas Market Prices, and Lower Customer Usage to Bring Customer Bill Relief OAKLAND, Calif. , March 2, 2023 /PRNewswire/ -- After three months of higher-than-normal natural gas market prices driving up energy bills, Pacific Gas and Electric Company (PG&E) customers can expect, on average, a 75% decline in their March natural gas bills.

PG&E Customers' March Natural Gas Bills Expected to Decrease on Average 75%

NRC Decision Supports State Legislation to Seek Extended Operations at DCPP AVILA BEACH, Calif. , March 2, 2023 /PRNewswire/ -- On March 2, 2023 the Nuclear Regulatory Commission (NRC) approved Pacific Gas and Electric Company's (PG&E) exemption request to allow continued operations at Diablo Canyon Power Plant (DCPP) past the plant's current licenses.

Nuclear Regulatory Commission Approves PG&E Request Related to Continued Operations at Diablo Canyon Power Plant (DCPP)

OAKLAND, Calif. , Feb. 27, 2023 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) today announced the appointment of Edward G.

Global Financial and Risk Management Leader Edward G. Cannizzaro to Join PG&E Boards of Directors

The stock price of PG&E Corporation (NYSE: PCG) increased by 1.74% this past week. This is why.

PCG Stock: 1.74% Increase This Past Week

PG&E Corp (NYSE:PCG ) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Jonathan Arnold - VP, IR Patricia Poppe - CEO & Director Christopher Foster - EVP & CFO Conference Call Participants Shahriar Pourreza - Guggenheim Securities Steven Fleishman - Wolfe Research Julien Dumoulin-Smith - Bank of America Merrill Lynch David Arcaro - Morgan Stanley Gregg Orrill - UBS Richard Sunderland - JPMorgan Chase & Co. Nicholas Campanella - Crédit Suisse Ryan Levine - Citigroup Operator Good day, and welcome to the PG&E Corporation Fourth Quarter 2022 Earnings Release. Today's call is being recorded.

PG&E Corp (PCG) Q4 2022 Earnings Call Transcript

PG&E Corp.'s (PCG) adjusted EPS of 26 cents for the fourth quarter of 2022 lags the Zacks Consensus Estimate of 28 cents by 7.1%.

PG&E Corp. (PCG) Misses Q4 Earnings, Reaffirms 2023 View

PG&E (PCG) delivered earnings and revenue surprises of -7.14% and 5.78%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

PG&E (PCG) Q4 Earnings and Revenues Miss Estimates

Recorded GAAP earnings were $0.84 per diluted share for the year and GAAP earnings were $0.24 for the fourth quarter of 2022, compared to losses of $(0.05) per diluted share and earnings of $0.22 per diluted share, respectively, for the same periods in 2021. Non-GAAP core earnings were $1.10 per diluted share for the year and $0.26 per diluted share for the fourth quarter of 2022, compared to $1.08 (or $1.00 on a fully diluted basis) and $0.28, respectively, per diluted share for the same periods in 2021.

PG&E Corporation Delivers on Guidance for Full-Year 2022, 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

American Electric Power Company

Dominion Energy

Duke Energy

Con Ed

Edison

Exelon

Southern Company

WEC Energy Group

Xcel Energy

Profits for utility companies vary widely depending on region to region. Despite this, the utility sector enjoys relatively high profit margins, primarily due to barriers to entry and other legislative restrictions on competition.

The 10 Biggest Utilities With Over 50% Gross Margin

High Winds, Rain and Low-Elevation Snow Forecasted OAKLAND, Calif. , Feb. 21, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is mobilizing personnel ahead of a significant cold and windy winter storm that will arrive in coastal areas this afternoon and move across much of Northern and Central California Wednesday and into Thursday, bringing with it snow fall as low as 500 to 1,000 feet in some areas.

PG&E Mobilizing for Powerful Winter Storm Arriving in Northern and Central California Today

PG&E (PCG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PG&E (PCG) Reports Next Week: What to Expect

Last Year, PG&E Customers Received More than $75 Million in Energy Bill Assistance from LIHEAP OAKLAND, Calif. , Feb. 16, 2023 /PRNewswire/ -- As Low Income Home Energy Assistance Program (LIHEAP) Action Day in Washington, D.C.

PG&E Urges Customers to See if They Qualify for Federal Program on LIHEAP Action Day

Participating Customers Rewarded for Reducing Energy Use and Strain on the Grid Last Summer OAKLAND, Calif. , Feb. 15, 2023 /PRNewswire/ -- At a time when higher natural gas prices are driving up energy costs, the new Power Saver Rewards Program is providing over $55 million in bill credits to participating Pacific Gas and Electric Company (PG&E) customers.

PG&E Customers to Receive Over $55 Million in Bill Credits Through New Incentive Program

OAKLAND, Calif. , Feb. 13, 2023 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is partnering with the Angel Island-Tiburon Ferry Company (Angel Island Ferry) to support the electrification of The Angel Island vessel, which plans to operate as California's first zero-emission, electric propulsion short-route ferry beginning in 2024.

PG&E and Angel Island Ferry Partner to Launch California's First Zero-Emission, Electric Short-Run Ferry

OAKLAND, Calif. , Feb. 10, 2023 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) and its subsidiary Pacific Gas and Electric Company ("Utility" and together "PG&E") today announced that Sumeet Singh, an operational leader with more than 20 years' experience at PG&E, will assume the role of Executive Vice President, Operations and Chief Operating Officer for the Utility, effective March 1.

News for PG&E Stock (PCG)