Company: PCG-PB
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001004980-25-000132
Chunk: 41

Company: PG&E Corp
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 41
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31

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

PG&E CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share amounts)(Unaudited) Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Operating Revenues  Electric$4,414 $4,458 $8,549 $8,510 Natural gas1,484 1,528 3,332 3,337 Total operating revenues5,898 5,986 11,881 11,847 Operating Expenses  Cost of electricity599 763 998 1,084 Cost of natural gas111 204 607 733 Operating and maintenance2,860 2,757 5,506 5,393 Wildfire-related claims, net of recoveries50 (3)99 (4)Wildfire Fund expense109 78 185 156 Depreciation, amortization, and decommissioning1,073 1,053 2,170 2,075 Total operating expenses4,802 4,852 9,565 9,437 Operating Income1,096 1,134 2,316 2,410 Interest income181 202 298 339 Interest expense(792)(812)(1,526)(1,527)Other income, net84 82 154 158 Income Before Income Taxes569 606 1,242 1,380 Income tax provision20 82 59 121 Net Income549 524 1,183 1,259 Preferred stock dividend requirement28 4 55 7 Income Available for Common Shareholders$521 $520 $1,128 $1,252 Weighted Average Common Shares Outstanding, Basic2,198 2,137 2,196 2,136 Weighted Average Common Shares Outstanding, Diluted2,203 2,142 2,201 2,141 Net Income Per Common Share, Basic$0.24 $0.24 $0.51 $0.59 Net Income Per Common Share, Diluted$0.24 $0.24 $0.51 $0.58 

See accompanying Notes to the Condensed Consolidated Financial Statements.

32

PG&E CORPORATION

CONDENSE