PG&E Corp Q1 2025 Earnings
PG&E Corp has released its Q1 2025 earnings, reporting a shortfall against market expectations. The company’s core earnings forecast for the fiscal year remains unchanged.
Key Highlights
- Q1 2025 earnings fell short of market expectations
- Core earnings forecast for the fiscal year maintained
- $63 billion capital plan outlined through 2028, focusing on affordability and data center growth
Share Performance
- PG&E shares have declined to $17.21 following the earnings announcement
- Jefferies has raised its price target for PG&E to $22, citing a positive outlook
Company Developments
- PG&E’s use of autonomous aerial systems (drones) recognized by the Federal Aviation Administration as a key component of its safe and reliable energy system
- Residential electric rates lower than a year ago, indicating progress towards solid 2025 financial results