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

PG&E Q3 GAAP EPS rises to $0.37 from $0.27; 2025 core EPS guidance narrowed

Positive Impact 3 of 5 earnings Written later

PG&E Corporation reported third-quarter 2025 results that were higher than a year earlier, with GAAP earnings of $0.37 per diluted share and non-GAAP core earnings of $0.50 per share. The company narrowed its 2025 non-GAAP core EPS guidance to $1.49 to $1.51 and initiated 2026 guidance of $1.62 to $1.66 per share, which gives shareholders a first look at next year's expected earnings range.

Key points

  • Q3 2025 GAAP EPS was $0.37 per diluted share, up from $0.27 in Q3 2024; operating revenues were $6.25 billion, up from $5.94 billion.
  • Q3 2025 non-GAAP core EPS was $0.50, compared with $0.37 in Q3 2024; non-core items totaled $295 million after tax, or $0.13 per share.
  • 2025 non-GAAP core EPS guidance was narrowed to $1.49 to $1.51 from $1.48 to $1.52 per share.
  • 2026 non-GAAP core EPS guidance was initiated at $1.62 to $1.66 per share, and at least 9% annual core EPS growth was reaffirmed for 2027 to 2030.

The filing

CompanyPG&E (PCG)
Form8-K, current report
Filed with the SECOct 22, 2025, 8:30 PM ET
Accession number0001004980-25-000147

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

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing 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 October 22, 2025.

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