NYSE$PCG

PG&E Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Recorded GAAP losses and initiated 2020 and 2021 earnings and EPS guidance.

PG&E Corporation reported a GAAP loss of $3.73 per share for the second quarter of 2020, compared to a loss of $4.83 per share for the same period in 2019. Non-GAAP core earnings were $1.03 per share for the second quarter of 2020, compared to $1.10 per share for the same period in 2019. The company initiated 2020 EPS guidance for GAAP losses in the range of $0.99 to $1.05 and non-GAAP core earnings of $1.60 to $1.63 per share.

  • Recorded GAAP losses were $3.73 per share for the second quarter of 2020, compared to losses of $4.83 per share for the same period in 2019.
  • Non-GAAP core earnings were $1.03 per share for the second quarter of 2020, compared to $1.10 per share for the same period in 2019.
  • 2020 EPS guidance initiated for GAAP losses in the range of $0.99 to $1.05 and non-GAAP core earnings of $1.60 to $1.63 per share.
  • 2021 EPS guidance initiated for GAAP earnings in the range of $0.17 to 0.29 and non-GAAP core earnings of $0.95 to $1.05 per share.

Headline financials

Total Revenue

$4.53B

Previous: $3.94B+15.0%
EPS (adj)

$1.03

Previous: $1.10-6.4%
Capital Expenditures

-$3.4B

Previous: -$2.41B-41.0%
Free Cash Flow

-$5.37B

Previous: -$4.96B-8.2%
Net Income

-$1.97B

Previous: -$2.55B+22.8%
Operating Income

$282M

Previous: -$3.64B+107.7%
Gross Profit

$282M

Previous: -$3.64B+107.7%
Cash & Equivalents

$968M

Previous: $3.46B-72.0%
Total Assets

$109B

Previous: $84.4B+29.4%

Revenue & EPS history

PG&E · Revenue · Quarterly

$4.53B

Q2 2020+15%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

PG&E · $4.53B total across 2 segments · Q2 2020

  • Electric Revenue
    $3.44B
  • Natural Gas Revenue
    $1.1B

Forward guidance

PG&E Corporation is initiating 2020 guidance for consolidated GAAP losses in the range of $0.99 to $1.05 per share, which includes non-core items. On a non-GAAP basis, the guidance range for projected 2020 core earnings is $1.60 to $1.63 per share. PG&E Corporation is initiating 2021 GAAP earnings guidance in the range of $0.17 to $0.29 per share, which includes non-core items. On a non-GAAP basis, the guidance range for projected 2021 core earnings is $0.95 to $1.05 per share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-1.3%

Avg return

30 days after

45%

33 / 73 earnings

Positive

+8.1%

Q4 2019

Best reaction

-9.5%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%-3.7%-2.2%
Q4 2025+2.7%+5.4%+6.1%
Q3 2025-2.4%-2.8%-5.5%
Q2 2025+0.0%+8.2%+9.0%
Q1 2025-0.8%-1.1%-2.8%
Q4 2024-1.1%-3.8%+4.7%
Q3 2024+1.7%+4.6%+0.4%
Q2 2024-1.2%+0.4%+3.0%
Q1 2024+0.2%+0.6%+8.6%
Q4 2023+1.5%-1.1%-2.2%
Q3 2023-2.2%+0.8%+11.4%
Q2 2023-1.3%-3.1%-6.7%
Q1 2023-0.1%-0.1%-3.7%
Q4 2022+1.7%+0.6%+0.8%
Q3 2022+0.5%+0.9%+1.3%
Q2 2022+0.7%+2.2%+15.8%
Q1 2022+1.3%+1.8%-1.1%
Q4 2021-8.5%-7.3%-12.4%
Q3 2021-2.2%+0.4%+1.3%
Q2 2021-3.9%-1.7%-0.3%
Q1 2021+4.9%+4.9%-6.0%
Q4 2020-7.9%-4.6%+5.8%
Q3 2020-1.4%-0.3%+31.2%
Q2 2020+1.6%-1.7%-0.8%
Q1 2020+3.4%+8.0%+11.5%
Q4 2019+8.1%+10.6%-51.2%
Q3 2019-6.4%+2.0%+39.5%
Q2 2019-9.5%-13.9%-44.9%
Q1 2019-1.0%-3.2%-21.2%
Q4 2018+0.6%+2.9%+0.0%
Q3 2018+2.4%-15.9%-43.6%
Q2 2018+1.1%+0.2%-0.4%
Q1 2018-2.2%-6.8%-7.8%
Q4 2017+2.9%+2.2%+9.9%
Q3 2017-0.8%-1.6%-5.4%
Q2 2017-0.7%+0.5%+3.2%
Q1 2017+0.5%+1.0%+3.7%
Q4 2016+1.6%+2.7%+5.8%
Q3 2016+1.5%-1.3%-3.2%
Q2 2016-0.0%+0.6%-2.9%
Q1 2016+0.2%
Q4 2015+0.1%
Q3 2015-3.2%
Q2 2015-0.2%
Q1 2015+0.6%
Q4 2014-1.0%
Q3 2014+4.2%
Q2 2014-1.8%
Q1 2014-2.3%
Q4 2013+2.3%
Q3 2013-0.6%
Q2 2013+0.0%
Q1 2013-0.9%
Q4 2012-2.6%
Q3 2012+1.2%
Q2 2012-3.0%
Q1 2012+0.4%
Q2 2011+2.1%
Q4 2011+2.1%
Q3 2011-3.5%
Q1 2011-0.4%
Q2 2010-1.3%
Q4 2007-1.3%
Q4 2010-1.3%
Q3 2010+1.5%
Q1 2009+2.2%
Q1 2010+2.2%
Q4 2009-1.2%
Q3 2008-1.6%
Q3 2009-1.6%
Q4 2008-0.3%
Q2 2008-0.3%
Q2 2009-0.3%

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