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PG&E (PCG)
NYSE:PCG
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.4Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -2.12%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The call reflected a strong financial performance for 2024 with significant earnings growth and a solid capital investment plan. However, there are ongoing concerns about wildfire risks and the adequacy of the current funding and legislative frameworks to address these risks. The company remains optimistic about future growth and regulatory support, but uncertainties remain.Company Guidance
During the PG&E Corporation fourth quarter 2024 earnings call, several key metrics and guidance updates were provided by the leadership team. Core earnings per share for Q4 2024 were reported at $0.31, contributing to a full-year EPS of $1.36, which marks an 11% increase over 2023. Looking ahead, PG&E revised its 2025 EPS guidance range to $1.48 to $1.52, reflecting a 10% increase from the actual 2024 results. The company reaffirmed its commitment to an EPS growth guidance of at least 9% annually from 2026 through 2028. PG&E also discussed its $63 billion capital investment plan through 2028, noting that equity needs to support this plan are fully addressed following a December issuance. Additionally, the 2025 annual dividend rate is projected to increase to $0.10 from $0.04 in 2024, with an aim to reach a 20% dividend payout ratio of core EPS by 2028. The company highlighted a 4% reduction in non-fuel O&M costs for 2024 and reiterated its strategy to stabilize customer bills, stating that combined residential gas and electric bills for January 2025 are expected to remain flat compared to January 2024.Strong Earnings Growth
Core earnings per share for the fourth quarter were $0.31, bringing the year to $1.36, an 11% growth over 2023.
2025 Guidance Update
2025 guidance range midpoint increased by 10% from 2024 results, with EPS growth guidance for 2026 through 2028 remaining at least 9% each year.
Capital Investment Plan
Equity needs to fund the $63 billion capital investment plan through 2028 are fully met.
O&M Cost Reduction
Achieved a 4% reduction in non-fuel O&M costs for 2024, continuing a trend of savings.
Beneficial Load Growth
5.5 gigawatts of new potential data center load applications moving through the pipeline, projected to come online by 2030.
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PCG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PCG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $16.03 | $15.85 | -1.12% |
| Nov 07, 2024 | $20.22 | $20.33 | +0.54% |
| Jul 25, 2024 | $18.22 | $17.99 | -1.26% |
| Apr 25, 2024 | $16.96 | $17.03 | +0.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PG&E (PCG) report earnings?
PG&E (PCG) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is PG&E (PCG) earnings time?
PG&E (PCG) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCG EPS forecast?
PCG EPS forecast for the fiscal quarter 2025 (Q1) is 0.4.
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