Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 43

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 43
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33

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

PG&E CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share amounts)(Unaudited) Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Operating Revenues  Electric$4,755 $4,538 $13,304 $13,048 Natural gas1,495 1,403 4,827 4,740 Total operating revenues6,250 5,941 18,131 17,788 Operating Expenses  Cost of electricity1,015 835 2,013 1,919 Cost of natural gas131 89 738 822 Operating and maintenance2,641 2,683 8,147 8,076 SB 901 securitization charges, net35 33 35 33 Wildfire-related claims, net of recoveries1 74 100 70 Wildfire Fund expense86 139 271 295 Depreciation, amortization, and decommissioning1,132 1,059 3,302 3,134 Total operating expenses5,041 4,912 14,606 14,349 Operating Income1,209 1,029 3,525 3,439 Interest income94 156 392 495 Interest expense(770)(795)(2,296)(2,322)Other income, net97 83 251 241 Income Before Income Taxes630 473 1,872 1,853 Income tax (benefit) expense(220)(106)(161)15 Net Income850 579 2,033 1,838 Preferred stock dividend requirement27 3 82 10 Income Available for Common Shareholders$823 $576 $1,951 $1,828 Weighted Average Common Shares Outstanding, Basic2,198 2,137 2,197 2,136 Weighted Average Common Shares Outstanding, Diluted2,281 2,143 2,202 2,142 Net Income Per Common Share, Basic$0.37 $0.27 $0.89 $0.86 Net Income Per Common Share, Diluted$0.37 $0.27 $0.89 $