PG&E Corp
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
PCG$13.23+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in millions, except per share amounts)
| (Unaudited) | ||||
|---|---|---|---|---|
| Three Months Ended June 30, | Six Months Ended June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Operating Revenues | ||||
| Electric | $4,458 | $3,852 | $8,510 | $7,971 |
| Natural gas | 1,528 | 1,438 | 3,337 | 3,528 |
| Total operating revenues | 5,986 | 5,290 | 11,847 | 11,499 |
| Operating Expenses | ||||
| Cost of electricity | 763 | 672 | 1,084 | 1,194 |
| Cost of natural gas | 204 | 274 | 733 | 1,190 |
| Operating and maintenance | 2,757 | 2,436 | 5,393 | 5,113 |
| SB 901 securitization charges, net | — | 289 | — | 562 |
| Wildfire-related claims, net of recoveries | (3) | (1) | (4) | (3) |
| Wildfire Fund expense | 78 | 117 | 156 | 234 |
| Depreciation, amortization, and decommissioning | 1,053 | 997 | 2,075 | 2,074 |
| Total operating expenses | 4,852 | 4,784 | 9,437 | 10,364 |
| Operating Income | 1,134 | 506 | 2,410 | 1,135 |
| Interest income | 202 | 143 | 339 | 255 |
| Interest expense | (812) | (640) | (1,527) | (1,242) |
| Other income, net | 82 | 66 | 158 | 151 |
| Income Before Income Taxes | 606 | 75 | 1,380 | 299 |
| Income tax provision (benefit) | 82 | (335) | 121 | (683) |
| Net Income | 524 | 410 | 1,259 | 982 |
| Preferred stock dividend requirement of subsidiary | 4 | 4 | 7 | 7 |
| Income Available for Common Shareholders | $520 | $406 | $1,252 | $975 |
| Weighted Average Common Shares Outstanding, Basic | 2,137 | 2,019 | 2,136 | 2,005 |
| Weighted Average Common Shares Outstanding, Diluted | 2,142 | 2,139 | 2,141 | 2,137 |
| Net Income Per Common Share, Basic | $0.24 | $0.20 | $0.59 | $0.49 |
| Net Income Per Common Share, Diluted | $0.24 | $0.19 | $0.58 | $0.46 |
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