PG&E Corp cuts 2025 GAAP EPS guidance to $1.26-$1.32; core EPS guidance reaffirmed
PG&E Corporation reported second-quarter 2025 results on July 31, 2025. GAAP and non-GAAP core earnings were each $0.24 and $0.31 per share, flat with a year earlier, while total operating revenues fell to $5.9 billion from $6.0 billion. The company lowered its full-year 2025 GAAP EPS guidance to $1.26 to $1.32 from $1.29 to $1.35 but reaffirmed non-GAAP core EPS guidance of $1.48 to $1.52, so shareholders face a lower GAAP outlook while the core measure is unchanged.
Key points
- Q2 2025 income available for common shareholders was $521 million, or $0.24 per share, versus $520 million, or $0.24 per share, in Q2 2024.
- Total operating revenues were $5,898 million for Q2 2025, compared with $5,986 million a year earlier.
- 2025 GAAP EPS guidance was updated to $1.26 to $1.32 from $1.29 to $1.35; non-GAAP core EPS guidance was reaffirmed at $1.48 to $1.52.
- Non-core items totaled $154 million after tax, or $0.07 per share, in Q2 2025, the same as in Q2 2024.
The filing
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 July 30, 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.