PCG
PG&E Corporation15.27
-0.09-0.59%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms reform progress, refines data centers
Q&A showed measured encouragement on SB254 wildfire reform, with CEA process on track for April 1 but management stressing time to get it right this session—entire capital plan reviewable if progress stalls. Data center pipeline firmed up, with 1.8GW expected online by 2030 (up from prior 1.5GW) plus manufacturing growth and new CCO to drive 2-4% load gains baked into 0-3% bill target. $5B capex upside eyed to boost affordability via new load, not expand $73B plan. Kincaid/Dixie seeks $2.6B recovery. Entire plan on table if reform stalls. Tone stayed confident on execution amid policy watch.
Key Stats
Market Cap
33.56BP/E (TTM)
12.83Basic EPS (TTM)
1.19Dividend Yield
0.01%Recent Filings
8-K
PG&E issues $2.2B bonds
8-K
PG&E closes $1B notes sale
PG&E Corporation closed its $1,000,000,000 sale of 6.850% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056 on February 19, 2026, under a supplemented indenture with The Bank of New York Mellon Trust Company. Issued via underwriters including Barclays and BofA Securities. Funds bolster long-term capital structure. No use of proceeds disclosed.
10-K
FY2025 10-K filing
PG&E Corporation filed its 10-K for FY2025 ended December 31, 2025, confirming compliance with SEC requirements as a large accelerated filer. No financial statements or quarterly results appear in the provided filing, which instead details an Amendment No. 5 to Pacific Gas and Electric Company's $600M term loan credit agreement dated December 19, 2025, adding $75M in loans and extending the 364-Day Tranche Maturity Date to December 18, 2026, secured by a new $600M First Mortgage Bond. Year-end common stock outstanding totaled 2,675,711,544 shares, with non-affiliate market value at June 30, 2025 of $37,246 million. Liquidity supported routine credit extension. Wildfire-related contingencies noted in Risk Factors could disrupt quarterly cash flows.
8-K
PG&E beats earnings, tightens guidance
PG&E Corporation reported 2025 GAAP EPS of $1.18, up from $1.15, and non-GAAP core EPS of $1.50, up 10% from $1.36, driven by capital investment and O&M savings while cutting non-fuel O&M 2.5%. Tightened 2026 core EPS guidance to $1.64-$1.66; residential electric rates fell 11% since January 2024. Third straight year of zero major wildfires.
8-K
PG&E exec reshuffle announced
PG&E Corporation and its Utility announced executive reshuffles effective January 1, 2026, with Sumeet Singh stepping up as Utility CEO and Energy Delivery EVP from his COO role since March 2023, while Carla Peterman becomes PG&E President. Marlene Santos shifts to Enterprise Transformation and Jason Glickman to Strategy and Growth. Bylaws amended same day to clarify CEO structure. Leadership tuned for customers.
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