PG&E Corporation (PCG) Q1 2025 10-Q Quarterly Report
PG&E Corporation (PCG) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on Apr 24, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
PG&E Corporation Q1 2025 10-Q Analysis
Management Discussion & Analysis
- • Operating cash flow $2,955M, up 28% YoY from $2,309M driven by higher collections and wildfire fund recoveries
- • Investing cash outflow $3,264M, increased from $2,930M YoY; financing cash inflow $1,575M vs $769M YoY
- • No quarterly revenue or net income figures provided for YoY comparison
- • No explicit segment/product profitability or margin % disclosed
- • Management highlights ongoing cost recovery under wildfire funds, regulatory approvals pending for transmission asset leases with Citizens Energy, and variability in future operating cash flows due to wildfire and regulatory factors
Risk Factors
- • New tax ownership restriction risk triggered by Amended Articles filed May 24, 2022 limiting stock acquisition to 4.75%, effectively 3.92% as of April 16, 2025
- • Updated wildfire-related claims risk reflecting $49 million expense in Q1 2025 vs $(1) million in Q1 2024 due to increased net claims
- • Regulatory risk from 2023 WMCE interim rate relief adding approximately $190 million revenues in Q1 2025 impacting near-term cash flows
- • Market risk from fluctuating energy procurement costs with $78 million increase in electricity costs passed to customers in Q1 2025
- • Financial risk linked to long-term debt interest expense driving PG&E Corporation net loss of $85 million in Q1 2025 versus $46 million loss prior year
PG&E Corporation Q1 2025 Quarterly FinancialsXBRL
Revenue
$6.0B
▲ +2.1% YoY
Net Income
$607M
▼ -17.1% YoY
Operating Margin
20.4%
▼ -138bp YoY
Net Margin
10.1%
▼ -234bp YoY
EPS (Diluted)
$0.28
▼ -17.6% YoY
Operating Cash Flow
$2.8B
▲ +26.0% YoY
Source: XBRL data from PG&E Corporation Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.
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