PG&E said income available for common shareholders on a GAAP basis for Q2 2025 was $521 million, or $0.24 per share, and non-GAAP core earnings were $674 million, or $0.31 per share, the same per-share amounts as Q2 2024.

1. 01

   PG&E said income available for common shareholders on a GAAP basis for Q2 2025 was $521 million, or $0.24 per share, and non-GAAP core earnings were $674 million, or $0.31 per share, the same per-share amounts as Q2 2024.

2. 02

   The company cited an increase in customer capital investment, a decline in return on equity from 10.7% to 10.28%, and the dilutive impact of its 2024 equity offering as factors for second-quarter GAAP results being flat to the prior year. It added that wildfire-related claims, net of recoveries, and Wildfire Fund expense increased year-over-year.

3. 03

   PG&E said non-core items for Q2 2025 totaled $154 million after tax, or $0.07 per share, which included amortization of the Wildfire Fund contribution of $77 million and wildfire-related costs, net of recoveries, of $40 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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