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AI brief of an SEC Form 8-K · PG&E (PCG)

PG&E raises 2025 core EPS guidance to $1.48-$1.52; Q4 GAAP EPS falls to $0.30

Mixed Impact 4 of 5 earnings Written later

PG&E Corporation reported full-year 2024 GAAP earnings of $1.15 per share, up from $1.05 in 2023, and non-GAAP core earnings of $1.36 per share, up from $1.23. Fourth-quarter GAAP earnings fell to $0.30 per share from $0.43 a year earlier, and total operating revenues were essentially flat at $24.4 billion. The company raised its 2025 non-GAAP core EPS guidance to $1.48 to $1.52 per share and reaffirmed 2025 GAAP EPS guidance of $1.30 to $1.36.

Key points

  • Full-year 2024 GAAP EPS of $1.15 and non-GAAP core EPS of $1.36, compared with $1.05 and $1.23 in 2023
  • Fourth-quarter 2024 GAAP EPS of $0.30 versus $0.43 and non-GAAP core EPS of $0.31 versus $0.47 a year earlier
  • 2025 non-GAAP core EPS guidance raised to $1.48 to $1.52 from $1.47 to $1.51; GAAP guidance reaffirmed at $1.30 to $1.36
  • Operating cash flow was $8.0 billion in 2024, up from $4.7 billion in 2023

The filing

CompanyPG&E (PCG)
Form8-K, current report
Filed with the SECFeb 12, 2025, 8:40 PM ET
Accession number0001004980-25-000008

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 12, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.