PCG - PG&E Non-GAAP EPS of $0.29 in-line revenue of $6.21B beats by $20M
2023-05-04 06:19:45 ET
- PG&E press release ( NYSE: PCG ): Q1 Non-GAAP EPS of $0.29 in-line.
- Revenue of $6.21B (+7.3% Y/Y) beats by $20M .
-
2023 Guidance
PG&E Corporation is updating 2023 GAAP earnings guidance in the range of $1.00 to $1.13 per diluted share.
-
Factors driving GAAP earnings include costs related to unrecoverable interest expense of $370 million to $430 million after tax and other earnings factors, including allowance for funds used during construction equity, incentive revenues, tax benefits, and cost savings, net of below-the-line costs.
-
The guidance range for projected 2023 non-GAAP core earnings is reaffirmed at $1.19 to $1.23 per diluted share.
-
The guidance range for non-core items, which management does not consider representative of ongoing earnings, is updated to $200 million to $390 million after tax.
For further details see:
PG&E Non-GAAP EPS of $0.29 in-line, revenue of $6.21B beats by $20M