Oakland, California-based PG&E Corporation (PCG) is a holding company with interests in energy-based businesses. Valued at $51.02 billion by market cap, the company, through its subsidiary, Pacific Gas and Electric Company, sells and delivers electricity and natural gas to 16 million Californians across a 70,000-square-mile service area in Northern and Central California. The leading energy holding company is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Thursday, Jul. 25.
Ahead of the event, analysts expect PCG to report a profit of $0.30 per share on a diluted basis, up 30.4% from $0.23 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecasts on two occasions. During the previous quarter, PCG connected more than 2,200 new residential and business customers to its electric system and installed 500 electric vehicle charging ports.
