PG&E Corp
For the period ended Mar 31, 2025. Filed Apr 24, 2025.
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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.
Mar 31, 2025 · Filed Apr 24, 2025
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 March 31, | ||
| 2025 | 2024 | |
| Operating Revenues | ||
| Electric | $4,135 | $4,052 |
| Natural gas | 1,848 | 1,809 |
| Total operating revenues | 5,983 | 5,861 |
| Operating Expenses | ||
| Cost of electricity | 399 | 321 |
| Cost of natural gas | 496 | 529 |
| Operating and maintenance | 2,646 | 2,636 |
| Wildfire-related claims, net of recoveries | 49 | (1) |
| Wildfire Fund expense | 76 | 78 |
| Depreciation, amortization, and decommissioning | 1,097 | 1,022 |
| Total operating expenses | 4,763 | 4,585 |
| Operating Income | 1,220 | 1,276 |
| Interest income | 117 | 137 |
| Interest expense | (734) | (715) |
| Other income, net | 70 | 76 |
| Income Before Income Taxes | 673 | 774 |
| Income tax provision | 39 | 39 |
| Net Income | 634 | 735 |
| Preferred stock dividend requirement | 27 | 3 |
| Income Available for Common Shareholders | $607 | $732 |
| Weighted Average Common Shares Outstanding, Basic | 2,195 | 2,134 |
| Weighted Average Common Shares Outstanding, Diluted | 2,200 | 2,139 |
| Net Income Per Common Share, Basic | $0.28 | $0.34 |
| Net Income Per Common Share, Diluted | $0.28 | $0.34 |
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