PG&E reports Q1 results (21.70)
- Co reports Q1 Non-GAAP EPS of $1.04 vs. $0.88 analyst estimate, revs -1.1% yr/yr to $4.01 bln vs. $4.21 bln analyst estimate.
- At this time, PG&E Corporation is not providing guidance for 2019 GAAP earnings and non-GAAP earnings from operations due to the continuing uncertainty related to the 2018 Camp Fire, the 2017 Northern California wildfires, the Chapter 11 proceedings, and legislative and regulatory reforms. PG&E Corporation is providing 2019 IIC guidance of $1.0 billion to $1.4 billion after-tax for costs related to enhanced and accelerated electric asset inspections, the 2018 Camp Fire, 2017 Northern California wildfires, and Chapter 11-related matters. See the accompanying tables for additional information