We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PG&E Q1 Earnings Lower Than Expected, Revenues Increase Y/Y
Read MoreHide Full Article
PG&E Corporation (PCG - Free Report) reported first-quarter 2025 adjusted earnings per share (EPS) of 33 cents, which lagged the Zacks Consensus Estimate of 35 cents by 5.7%. The bottom line also declined 10.8% from the year-ago quarter’s reported figure of 37 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
The company reported GAAP earnings of 28 cents per share compared with 34 cents in the prior-year quarter.
The year-over-year decline in the bottom line can be attributed to the lower return on equity related to the most recent cost of capital decision, along with the dilutive impact of PG&E Corporation’s 2024 equity offering.
PCG’s Revenue Update
PCG reported first-quarter total revenues of $5.98 billion, up 2.1% from $5.86 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.11 billion by 2.1%.
Pacific Gas & Electric Co. Price, Consensus and EPS Surprise
Total operating expenses in the first quarter of 2025 were $4.76 billion, up 3.9% from the prior-year reported figure.
The company reported an operating income of $1.22 billion compared with $1.28 billion in the prior year.
Interest expenses totaled $734 million compared with $715 million in the prior-year quarter.
Financial Condition of PCG
As of March 31, 2025, cash and cash equivalents totaled $2.02 billion compared with $0.94 billion as of Dec. 31, 2024.
Cash flow from operating activities amounted to $2.85 billion for the first quarter of 2025 compared with $2.26 billion in the first quarter of 2024.
Capital expenditures totaled $2.64 million during the first quarter, which almost came in line with the year-ago quarter’s reported figure.
As of March 31, 2025, the long-term debt amounted to $52.66 billion compared with $53.57 billion as of Dec. 31, 2024.
PCG’s 2025 Guidance
PG&E reaffirmed its 2025 adjusted EPS guidance. The company still expects to generate adjusted earnings in the range of $1.48-$1.52 per share. The Zacks Consensus Estimate for 2025 earnings, pegged at $1.50 per share, came in line with the midpoint of the company’s guided range.
NextEra Energy, Inc. (NEE - Free Report) reported first-quarter 2025 adjusted earnings of 99 cents per share, which beat the Zacks Consensus Estimate of 97 cents by 2.1%. The bottom line was also up nearly 8.8% year over year.
In the first quarter, NextEra Energy’s operating revenues were $6.24 billion, which lagged the Zacks Consensus Estimate of $7.34 billion by 14.9%. However, the top line improved 9% year over year.
Upcoming Utility Releases
Entergy Corporation (ETR - Free Report) is set to report first-quarter 2025 results on April 29, before market open. The Zacks Consensus Estimate for ETR’s first-quarter earnings is pegged at 62 cents per share, which indicates an improvement of 14.8% from the prior year quarter’s figure.
The Zacks Consensus Estimate for ETR’s first-quarter sales is pegged at $3.01 billion, which implies an improvement of 7.6% from the prior-year quarter’s figure.
Edison International (EIX - Free Report) is slated to report first-quarter 2025 results on April 29, after market close. The Zacks Consensus Estimate for EIX’s first-quarter earnings is pegged at $1.37 per share, which indicates an improvement of 21.2% from the prior year quarter’s figure.
The Zacks Consensus Estimate for EIX’s first-quarter sales is pegged at $4.15 billion, which calls for an improvement of 1.8% from the prior-year quarter’s figure.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PG&E Q1 Earnings Lower Than Expected, Revenues Increase Y/Y
PG&E Corporation (PCG - Free Report) reported first-quarter 2025 adjusted earnings per share (EPS) of 33 cents, which lagged the Zacks Consensus Estimate of 35 cents by 5.7%. The bottom line also declined 10.8% from the year-ago quarter’s reported figure of 37 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
The company reported GAAP earnings of 28 cents per share compared with 34 cents in the prior-year quarter.
The year-over-year decline in the bottom line can be attributed to the lower return on equity related to the most recent cost of capital decision, along with the dilutive impact of PG&E Corporation’s 2024 equity offering.
PCG’s Revenue Update
PCG reported first-quarter total revenues of $5.98 billion, up 2.1% from $5.86 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.11 billion by 2.1%.
Pacific Gas & Electric Co. Price, Consensus and EPS Surprise
Pacific Gas & Electric Co. price-consensus-eps-surprise-chart | Pacific Gas & Electric Co. Quote
Operational Highlights of PCG
Total operating expenses in the first quarter of 2025 were $4.76 billion, up 3.9% from the prior-year reported figure.
The company reported an operating income of $1.22 billion compared with $1.28 billion in the prior year.
Interest expenses totaled $734 million compared with $715 million in the prior-year quarter.
Financial Condition of PCG
As of March 31, 2025, cash and cash equivalents totaled $2.02 billion compared with $0.94 billion as of Dec. 31, 2024.
Cash flow from operating activities amounted to $2.85 billion for the first quarter of 2025 compared with $2.26 billion in the first quarter of 2024.
Capital expenditures totaled $2.64 million during the first quarter, which almost came in line with the year-ago quarter’s reported figure.
As of March 31, 2025, the long-term debt amounted to $52.66 billion compared with $53.57 billion as of Dec. 31, 2024.
PCG’s 2025 Guidance
PG&E reaffirmed its 2025 adjusted EPS guidance. The company still expects to generate adjusted earnings in the range of $1.48-$1.52 per share. The Zacks Consensus Estimate for 2025 earnings, pegged at $1.50 per share, came in line with the midpoint of the company’s guided range.
PCG’s Zacks Rank
PG&E currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Release
NextEra Energy, Inc. (NEE - Free Report) reported first-quarter 2025 adjusted earnings of 99 cents per share, which beat the Zacks Consensus Estimate of 97 cents by 2.1%. The bottom line was also up nearly 8.8% year over year.
In the first quarter, NextEra Energy’s operating revenues were $6.24 billion, which lagged the Zacks Consensus Estimate of $7.34 billion by 14.9%. However, the top line improved 9% year over year.
Upcoming Utility Releases
Entergy Corporation (ETR - Free Report) is set to report first-quarter 2025 results on April 29, before market open. The Zacks Consensus Estimate for ETR’s first-quarter earnings is pegged at 62 cents per share, which indicates an improvement of 14.8% from the prior year quarter’s figure.
The Zacks Consensus Estimate for ETR’s first-quarter sales is pegged at $3.01 billion, which implies an improvement of 7.6% from the prior-year quarter’s figure.
Edison International (EIX - Free Report) is slated to report first-quarter 2025 results on April 29, after market close. The Zacks Consensus Estimate for EIX’s first-quarter earnings is pegged at $1.37 per share, which indicates an improvement of 21.2% from the prior year quarter’s figure.
The Zacks Consensus Estimate for EIX’s first-quarter sales is pegged at $4.15 billion, which calls for an improvement of 1.8% from the prior-year quarter’s figure.