PG&E Corporation (PCG) Q2 2025 10-Q Quarterly Report
PG&E Corporation (PCG) 10-Q quarterly report for Q2 2025, filed with SEC EDGAR on Jul 31, 2025 for the fiscal period ending Jun 30, 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 Q2 2025 10-Q Analysis
Management Discussion & Analysis
- • Operating cash flow $4,087M, up 31% YoY from $3,114M driven by higher collections, lower insurance costs, and wildfire-related payments decline
- • Investing cash outflow $6,268M, increased from $5,225M YoY, financing cash inflow $1,661M, down from $2,671M YoY; net cash change $(520)M vs $560M increase
- • No specific quarterly revenue or profitability figures disclosed in this section
- • No segment or product line performance metrics provided
- • Management notes future cash flow depends on wildfire costs, insurance recoveries, regulatory outcomes, and commodity price volatility
Risk Factors
- • No newly added risk factors disclosed; tax matters section expanded on ownership change impact on net operating loss carryforwards under IRC Section 382
- • Most materially updated risk: wildfire-related claims expenses increased to $50 million in Q2 2025 vs. a recovery of $3 million in Q2 2024, reflecting higher contingent costs
- • Regulatory/legal risk: 2022 WMCE interim rate relief of ~$275 million recognized in Q2 2024 with no comparable revenues in Q2 2025, affecting revenue stability
- • Operational risk most relevant near-term: 1% decrease ($88 million) in electric and natural gas operating revenues in Q2 2025 driven by expiration of rate relief and reduced self-insurance revenues
- • Financial risk: PG&E maintains significant federal and state net operating loss carryforwards ($33.7B and $34.9B) subject to ownership change limitations under Section 382 of the IRC
PG&E Corporation Q2 2025 Quarterly FinancialsXBRL
Revenue
$5.9B
▼ -1.5% YoY▼ -1.4% QoQ
Net Income
$521M
▲ +0.2% YoY▼ -14.2% QoQ
Operating Margin
18.6%
▼ -36bp YoY▼ -181bp QoQ
Net Margin
8.8%
▲ +15bp YoY▼ -131bp QoQ
EPS (Diluted)
$0.23
▼ -4.2% YoY▼ -17.9% QoQ
Operating Cash Flow
$1.1B
▲ +48.7% YoY▼ -62.9% QoQ
Source: XBRL data from PG&E Corporation Q2 2025 10-Q filing on SEC EDGAR. All figures in USD.
Other PG&E Corporation Quarterly Reports
Get deeper insights on PG&E Corporation
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.