PG&E Corporation Reports First-Quarter 2020 Financial Results

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Go back to PG&E Corporation Reports First-Quarter 2020 Financial Results

PG&E Corp. (PCG) Misses Q1 EPS by 13c, Revenues Miss

May 1, 2020 8:24 AM EDT

PG&E Corp. (NYSE: PCG) reported Q1 EPS of $0.89, $0.13 worse than the analyst estimate of $1.02. Revenue for the quarter came in at $4.31 billion versus the consensus estimate of $5.09 billion.

Recorded GAAP earnings were $0.57 per share for the first quarter of 2020, compared to earnings of $0.25 per share for the same period in 2019.Non-GAAP core earnings were $0.89 per share for the first quarter of 2020, compared to $1.04 per share for the same period in 2019.

We have developed a Plan of Reorganization that has the support of a broad coalition of stakeholders, including the... More