PG&E Corp. (PCG) Reports Q4 Loss of $6.84

PG&E Corp. (NYSE: PCG) reported Q4 EPS of ($6.84), versus ($13.24) reported last year.

PG&E Corporation’s non-GAAP core earnings, which exclude non-core items, in 2019 were $2.1 billion, or $3.93 per share, compared with $2.1 billion, or $4.00 per share, in 2018. For the fourth quarter of 2019, non-GAAP core earnings were $360 million, or $0.68 per share, compared with $417 million, or $0.80 per share, during the same period in 2018.

2020 Guidance

PG&E Corporation is not providing guidance for 2020 GAAP earnings and non-GAAP core earnings. However, the company is providing factors affecting 2020 non-GAAP core earnings and guidance for non-core earnings items.

These include a range of drivers causing a variance in earnings below authorized, including net below the line and spend above authorized of $150 million to $200 million after tax and unrecovered interest expense of $150 million to $250 million after tax. PG&E Corporation is providing 2020 non-core items guidance of approximately $1.4 billion after-tax for Chapter 11-related costs, wildfire fund-related costs, investigation remedies and delayed cost recoveries, and GT&S capital audit.

Both the drivers and non-core items guidance are based on various assumptions and forecasts related to future expenses and certain other factors.

For earnings history and earnings-related data on PG&E Corp. (PCG) click here.

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