The earnings call highlighted PG&E's strong financial performance and commitment to customer affordability, with growth in the data center sector and operational improvements as significant positives. However, there are notable concerns regarding potential legislative challenges, wildfire risks, and financing strategies.

Company Guidance

In the PG&E Corporation's second-quarter 2025 earnings call, the company reaffirmed its full-year earnings per share guidance range of $1.48 to $1.52, with a 10% growth projection over 2024. The company also outlined a five-year financial plan through 2028, projecting a 10% EPS growth in 2025 and at least 9% annually from 2026 to 2028. PG&E plans to invest $63 billion in capital through 2028, without further equity issuance, and aims for a 20% dividend payout by 2028. The firm is also focused on reducing O&M costs, targeting annual non-fuel O&M cost reductions exceeding $200 million from 2022 through 2024. PG&E's capital plan does not include an additional $5 billion of customer-beneficial work, primarily in FERC transmission, and the company highlighted a 10-gigawatt data center pipeline as a significant growth opportunity. The discussion also covered legislative factors, including the AB 1054 wildfire construct and affordability measures, indicating PG&E's confidence in navigating potential legislative impacts on its financial outlook.

Reaffirmed Financial Guidance

PG&E reaffirmed its full-year earnings guidance range of $1.48 to $1.52, up 10% over 2024, and projected EPS growth of 10% for 2025 and at least 9% each year from 2026 through 2028.

Commitment to Customer Affordability

PG&E highlighted their efforts to stabilize customer bills, with expectations for residential combined bills to be flat for the remainder of 2025 and to decrease in 2026. The 2027 general rate case proposal is projected to keep customer bills flat compared to current levels.

Data Center Growth

The data center pipeline has grown to 10 gigawatts, a nearly 3x increase since last year, with projects that could eventually reduce electric bills by 1% to 2% per gigawatt brought online.

Operational Improvements

PG&E reported substantial wildfire mitigations and the deployment of over 10,000 sensors to prevent ignitions, as well as significant O&M cost reductions, aiming to beat the 2% target for annual savings.

PG&E (PCG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PCG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.41 / -	0.37	―	―	―
Jul 31, 2025	2025 (Q2)	0.32 / 0.31	0.31	0.00% (0.00)
Apr 24, 2025	2025 (Q1)	0.34 / 0.33	0.37	-10.81% (-0.04)
Feb 13, 2025	2024 (Q4)	0.31 / 0.31	0.47	-34.04% (-0.16)
Nov 07, 2024	2024 (Q3)	0.33 / 0.37	0.24	54.17% (+0.13)
Jul 25, 2024	2024 (Q2)	0.30 / 0.31	0.23	34.78% (+0.08)
Apr 25, 2024	2024 (Q1)	0.35 / 0.37	0.29	27.59% (+0.08)
Feb 22, 2024	2023 (Q4)	0.46 / 0.47	0.26	80.77% (+0.21)
Oct 26, 2023	2023 (Q3)	0.25 / 0.24	0.29	-17.24% (-0.05)
Jul 27, 2023	2023 (Q2)	0.25 / 0.23	0.25	-8.00% (-0.02)

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

PCG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$14.02	$14.02	0.00%
Apr 24, 2025	$17.51	$17.36	-0.86%
Feb 13, 2025	$15.98	$15.80	-1.13%
Nov 07, 2024	$20.16	$20.27	+0.55%

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.

FAQ

When does Pacific Gas & Electric Co. (PCG) report earnings?

Pacific Gas & Electric Co. (PCG) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is Pacific Gas & Electric Co. (PCG) earnings time?

Pacific Gas & Electric Co. (PCG) earnings time is at Oct 29, 2025, Before Open (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 (Q3) is 0.42.

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