Short answer

PG&E Corporation (PCG) filed its Q1 2025 10-Q quarterly report on Apr 24, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $6.0B (up 2.1% year over year) with net income of $607M.

Q1 2025 key financials · XBRL

Revenue: $6.0B; +2.1% YoY
Net income: $607M; −17.1% YoY
Operating margin: 20.4%
EPS (diluted): $0.28; −17.6% YoY

Source: XBRL data from the PG&E Corporation (PCG) Q1 2025 10-Q on SEC EDGAR. USD.

PG&E Corporation Q1 2025 10-Q analysis

AI summary of MD&A and risk factor updates

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 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

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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