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PG&E (PCG) Q2 Earnings and Revenues Miss Estimates
ZACKS· 2025-07-31 12:16
Core Insights - PG&E reported quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.33 per share, representing an earnings surprise of -6.06% [1] - The company posted revenues of $5.9 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 6.65% [2] - PG&E shares have declined approximately 30.5% year-to-date, contrasting with the S&P 500's gain of 8.2% [3] Earnings Performance - Over the last four quarters, PG&E has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $6.6 billion, and for the current fiscal year, it is $1.50 on revenues of $26.3 billion [7] Market Outlook - The company's earnings outlook will be influenced by management's commentary during the earnings call [3][4] - The Zacks Rank for PG&E is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Utility - Electric Power industry is currently in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
PG&E Corporation Reports Second-Quarter Results; On Track to Deliver Solid 2025
Prnewswire· 2025-07-31 10:00
OAKLAND, Calif., July 31, 2025 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) is on track to deliver solid 2025 financial results. Financial progress includes: Operational progress during the second quarter of 2025 continued to focus on physical safety and delivery of affordable and resilient energy. Pacific Gas and Electric Company (the Utility): "PG&E's story of progress continues to unfold with another solid quarter of performance. We're delivering energy safely to our customers every day. We've stabilized ...
PG&E (PCG) - 2025 Q2 - Quarterly Report
2025-07-31 00:18
FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number Exact Name of Registrant as Specified in its Charter State or Other Jurisdiction of Incorporation IRS Employer Identification Number 1-12609 PG&E Corporation California 94-3234914 1- ...
PG&E (PCG) - 2025 Q2 - Quarterly Results
2025-07-31 00:16
Investor Relations: invrel@pge-corp.com | Media: 415.973.5930 | www.pgecorp.com July 31, 2025 PG&E Corporation Reports Second-Quarter Results; On Track to Deliver Solid 2025 OAKLAND — PG&E Corporation (NYSE: PCG) is on track to deliver solid 2025 financial results. Financial progress includes: Operational progress during the second quarter of 2025 continued to focus on physical safety and delivery of affordable and resilient energy. Pacific Gas and Electric Company (the Utility): "PG&E's story of progress c ...
PG&E Corporation to Report Q2 Earnings: Here's What to Expect
ZACKS· 2025-07-25 14:50
Core Viewpoint - PG&E Corporation (PCG) is set to report its second-quarter 2025 results on July 31, with expectations of revenue and earnings growth despite a previous earnings surprise of -5.71% in the last quarter [1][9]. Factors Influencing Q2 Results - Warmer-than-normal temperatures in PCG's service territories likely increased electricity demand for cooling, positively impacting revenues [2]. - Strong rate-based growth and favorable outcomes from previously approved general rate case filings are expected to contribute to revenue performance [2]. - Efforts to reduce non-fuel operations and maintenance (O&M) expenses may enhance earnings for the quarter [3]. Q2 Expectations - The Zacks Consensus Estimate for sales is $6.37 billion, reflecting a year-over-year growth of 6.4% [4]. - The consensus estimate for earnings is 33 cents per share, indicating a year-over-year increase of 6.5% [4]. Earnings Prediction Insights - The current Earnings ESP for PCG is 0.00%, making it challenging to predict an earnings surprise despite anticipated sales growth [5][9]. - PCG holds a Zacks Rank of 3, suggesting a neutral outlook [6]. Industry Comparisons - American Electric Power (AEP) is expected to report on July 30, with an Earnings ESP of +10.63% and a Zacks Rank of 3 [7]. - IDACORP Inc. (IDA) is also reporting on July 31, with an Earnings ESP of +4.55% and a Zacks Rank of 3 [10]. - Xcel Energy Inc. (XEL) is scheduled for July 31, with an Earnings ESP of +1.76% and a Zacks Rank of 3 [11].
XPRIZE Wildfire Names Teams Advancing in Global Competition to End Destructive Wildfires
Prnewswire· 2025-07-14 17:00
Core Insights - The XPRIZE Wildfire competition, co-sponsored by PG&E and the Gordon and Betty Moore Foundation, is a four-year initiative with a total prize pool of $11 million aimed at developing innovative solutions to combat destructive wildfires [1][4][10] Competition Overview - The competition has announced its finalists and semi-finalists, showcasing teams that are advancing in their efforts to end wildfires [2][3] - The competition is structured into two tracks: Space-Based Wildfire Detection & Intelligence and Autonomous Wildfire Response, each focusing on different technological innovations [5][7] Technological Innovations - In the Space-Based Wildfire Detection track, teams must detect fires across large landscapes within one minute and report data accurately within ten minutes, with 11 teams from 5 countries advancing as finalists [7] - The Autonomous Wildfire Response track requires teams to autonomously detect and suppress fires in a challenging 1,000 km² area, with 15 teams from 7 countries advancing as semi-finalists [7] Funding and Awards - A total of $300,000 was awarded to six finalist teams for their data analytic capabilities during the semifinals, while semi-finalists are eligible for a portion of a $750,000 milestone award based on performance [7][11] - The winning team in each track will receive $3.5 million at the end of the competition in 2026, with an additional $1 million bonus for exceptional performance in wildfire detection [11] Industry Context - The urgency of addressing wildfires is underscored by recent global commitments from leaders, including the G7, and a new U.S. Executive Order aimed at overhauling federal wildfire governance [4] - The increasing frequency and destructiveness of wildfires highlight the need for innovative solutions, as stated by industry leaders involved in the competition [5][11]
Compare and Save: Switching Rate Plan May Lower PG&E Customers' Bills
Prnewswire· 2025-07-09 18:00
Core Insights - PG&E encourages customers to check their rate plans to potentially lower their energy bills without changing their energy usage [1][3] - The company forecasts stable residential gas and electric bills for the remainder of 2025, with a decrease expected in 2026 [2] - A significant number of customers in Fresno County could save a total of $13.4 million annually by switching to the lowest-cost rate [6][7] Rate Plans and Savings - Customers can use PG&E's Rate Comparison tool to find the lowest-cost rate based on their last 12 months of energy usage [3][4] - Over 70% of Fresno County customers could save by moving off the E-1 tiered rate, which charges higher prices for increased energy usage [7] - Customers may achieve additional savings by switching to time-of-use rates and using energy during off-peak hours [4][8] Customer Support and Tools - PG&E offers various tools to help customers manage their energy costs, including Budget Billing, Home Energy Checkup, and Savings Finder [9][10] - Financial assistance programs are available for customers struggling to pay their energy bills [10]
PG&E Corporation Schedules Second Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-07-02 20:30
OAKLAND, Calif., July 2, 2025  /PRNewswire/ --PG&E Corporation (NYSE: PCG) will hold a conference call on Thursday, July 31, 2025, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its second quarter 2025 results. The public can access the conference call through a simultaneous webcast.  The link is provided below and will also be available from the PG&E Corporation website. What: Second Quarter 2025 Earnings Call When: Thursday, July 31, 2025 at 11:00 a.m. Eastern Time Where: ...
PG&E Power Line And Fire Mitigation Efforts Planned In San Rafael
San Rafael, CA Patch· 2025-06-17 13:44
Core Point - The City of San Rafael announced tree work scheduled from Monday to Friday, contracted by PG&E for routine power line and fire mitigation efforts [1] Company Operations - Core Tree Care, represented by John Ball, is responsible for the tree work in San Rafael [1] - The work aims to enhance safety by addressing power line issues and reducing fire risks [1] Community Impact - John Ball indicated that there are no expected road closures due to the tree work [1]
PG&E: Recent Plunge Is Another Chance To Buy At 'Fire Sale' Prices
Seeking Alpha· 2025-06-12 10:05
Group 1 - PG&E (PCG) has been traded by the author in the past, but there is a reluctance to hold the stock long-term due to concerns about California lawmakers [1] - The author emphasizes a focus on strategic buying opportunities with dividend and value stocks, which has led to a high rating on Tipranks.com and a significant following on Seeking Alpha [1] - The author holds a beneficial long position in PCG shares through various means, indicating a personal investment interest [1] Group 2 - The article does not provide specific investment advice and emphasizes the importance of consulting a financial advisor [2] - Past performance is noted as not guaranteeing future results, and the views expressed may not reflect those of Seeking Alpha as a whole [3]