Company: PCG-PB
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001004980-25-000148
Chunk: 80

Company: PG&E Corp
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 15, and October 15, 2025, to holders of record as of December 31, 2024, March 31, June 30, and September 30, 2025, respectively.On December 12, 2024, the Board of Directors of PG&E Corporation declared a cash dividend in the amount of $0.7167 per mandatory convertible preferred share, totaling $23 million, which was paid on February 27, 2025, to holders of record as of February 14, 2025.  On each of February 20, 2025 and May 22, 2025, the Board of Directors of PG&E Corporation declared a cash dividend in the amount of $0.75 per mandatory convertible preferred share, each declaration totaling $24 million, which were paid on May 29 and August 28, 2025, to holders of record as of May 15 and August 15, 2025, respectively.  On September 18, 2025, the Board of Directors of PG&E Corporation declared a cash dividend in the amount of $0.75 per mandatory convertible preferred share, totaling $24 million, payable on December 1, 2025, to holders of record as of November 14, 2025.

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NOTE 7: EARNINGS PER SHARE

PG&E Corporation’s basic EPS is calculated by dividing the Income available for common shareholders, basic, by the weighted average number of common shares outstanding, basic.  PG&E Corporation’s diluted EPS is calculated by dividing the income available for common shareholders, diluted, by the weighted average number of common shares outstanding, diluted.  PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS.  The following is a reconciliation of PG&E Corporation’s income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS:Three Months Ended September 30,Nine Months Ended September 30,(in millions, except per share amounts)2025202420252024Numerator:Income available for common shareholders, basic$823 $576 $1,951 $1,828 Mandatory Convertible Preferred Stock dividends24 — — — Income available for common shareholders, diluted$847 $576 $1,951 $1,828 Denominator:Weighted average common shares outstanding, basic(1)2,198 2,137 2