PG&E Corporation has released its second-quarter 2025 financial results, reporting income available for common shareholders of $521 million, or $0.24 per share, in accordance with generally accepted accounting principles (GAAP). This is consistent with the second quarter of 2024, which also saw income available for common shareholders of $520 million, or $0.24 per share. For the same period, PG&E's non-GAAP core earnings, which exclude non-core items, were $674 million, or $0.31 per share, matching the figures from the second quarter of 2024. Non-core items were reported at $154 million after tax, or $0.07 per share, identical to the previous year's second quarter. Looking ahead, PG&E Corporation has updated its full-year 2025 GAAP earnings guidance to a range of $1.26 to $1.32 per share, a slight adjustment from the previous forecast of $1.29 to $1.35 per share. The company reaffirms its guidance for full-year 2025 non-GAAP core earnings to be between $1.48 and $1.52 per share. This guidance is based on various assumptions and forecasts, including factors such as authorized revenues, future expenses, and capital expenditures. Additionally, PG&E is factoring in costs related to unrecoverable interest expense, the amortization of the Wildfire Fund asset, and costs associated with Chapter 11 reorganization cases. The company has noted an increase in wildfire-related claims, net of recoveries, and its Wildfire Fund expense compared to the previous year. Information and presentation slides related to these financial results have been made available on PG&E Corporation's website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.