PG&E Corporation Q3 2025 Earnings Recap

PG&E Corporation reported strong operational metrics in Q3 2025, with earnings per share at $0.50 and an updated full-year guidance reflecting robust growth momentum. The company continues to advance its capital plan, emphasizing safety and resilience amid ongoing climate challenges.

Key Takeaways

• Core EPS for Q3 reached $0.50, with a full-year guidance of $1.49 to $1.51, indicating a 10% increase over 2024.
• The 5-year capital plan has been extended to 2030, totaling $73 billion, aiming for at least 9% annual EPS growth.
• Year-to-date reportable ignitions have decreased over 35% from 2024 levels, with zero structures lost in high-risk areas for a third consecutive year.
• Significant progress in undergrounding power lines, with 1,000 miles completed in high fire-risk areas to enhance safety and reliability.
• Continued growth in the data center pipeline, with a robust 9.5 gigawatts, catering to the technological demands of AI-driven applications in PG&E's service region.