Pacific Gas and Electric Company (PG&E) announced strong first-quarter earnings for 2022, with adjusted earnings per share (EPS) of 30 cents, surpassing the Zacks Consensus Estimate of 25 cents by 20%. Total revenues increased 22.9% to $5.8 billion, thanks in part to favorable weather conditions, as the company reaffirmed its adjusted EPS guidance for the year between $1.07 and $1.13. PG&E also reported an operating income of $536 million and acknowledged a $135 million tax benefit associated with the Fire Victim Trust.
“PG&E Corporation · is likely to have benefited from · favorable weather conditions”
“PG&E Corporation · has an Earnings ESP of · +1.96%”
“PG&E Corporation · has an Earnings ESP of · +1.96%”
“PG&E Corp · has an Earnings ESP · Earnings ESP value · +1.96%”
“PG&E Corp PCG · has an Earnings ESP · +1.96%”
“PG&E Corporation · reported adjusted earnings per share (EPS) of · 30 cents · first quarter of 2022”
“PG&E Corporation · reported GAAP earnings of · 22 cents per share · first quarter of 2022”
“Pacific Gas & Electric Co. · exceeded the Zacks Consensus Estimate of · $4,974.7 million · 16.5%”
“PG&E Corp. · reaffirmed its adjusted earnings guidance in the range of · $1.07-$1.13 per share · for 2022”
“PG&E Corporation · reported adjusted earnings per share (EPS) · 30 cents · first quarter of 2022”
“PG&E Corporation · beat the Zacks Consensus Estimate · 25 cents · by 20%”
“PG&E Corporation · reported GAAP earnings · 22 cents per share · compared with 6 cents in the prior-year quarter”