PG&E (PCG) Q2 Revenue Slips 1.5%
PG (NYSE:PCG), California’s largest natural gas and electric utility, released its Q2 FY2025 earnings on July 30, 2025. The most relevant headlines: Non-GAAP earnings per share (EPS) and GAAP revenue both fell short of Wall Street forecasts, and management reduced its GAAP earnings targets for the year, while holding its adjusted profit outlook steady. For the quarter, non-GAAP core EPS was $0.31 compared to an analyst expectation of $0.32, and the company’s top-line revenue (GAAP) came in at $5.898 billion versus the $6.239 billion market estimate. Both figures reflect flat year-over-year performance and misses of 3.1% (non-GAAP EPS) and 5.5% (GAAP revenue), respectively, versus analyst estimates. Overall, the period was a modest one for the utility, with operational progress offset by persistent financial headwinds.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
PG is the main utility provider serving millions of electric and natural gas customers across Northern and Central California. Its core business is delivering electricity and gas reliably and safely, under a highly regulated structure set by state and federal agencies like the California Public Utilities Commission (CPUC) and the Federal Energy Regulatory Commission (FERC).
Source Fool.com
