PG&E Corporation’s PCG adjusted operating earnings per share of 82 cents in the first quarter of 2016 beat the Zacks Consensus Estimate of 76 cents by 7.9%. However, the reported figure declined 5.7% from 87 cents in the year-ago quarter. GAAP earnings during the quarter were 22 cents per share versus 6 cents per share a year ago. Pg&E Corporation (PCG) EPS BNRI & Surprise Percent - Last 5 Quarters | FindTheCompany Revenue Update PG&E’s total revenue of $3,974 million in the quarter beat the Zacks Consensus Estimate of $3,859 million by 3%. Revenues also increased 1.9% from $3,899 million in the year-ago period. Electric revenues were 3.9% higher in the quarter while natural gas revenues were down 4.9%. Operational Highlight Total operating expenses in the first quarter were $3,879 million, up 1.3% from $3,828 million in the year-ago period. Costs in the quarter rose due to higher operation and maintenance expenses. Operating income came in at $95 million, up from $71 million in the first quarter 2015. Guidance The utility has maintained its 2016 guidance for adjusted earnings from operations in the range of $3.65−$3.85 per share. The company had earlier projected capital expenditure to be $5.6 billion for 2016 and in the range of $5.4–$6.5 billion annually from 2017 to 2019. At Its Peers CMS Energy Corporation CMS reported first-quarter 2016 adjusted earnings per share of 59 cents, missing the Zacks Consensus Estimate of 68 cents by 13.2%. Quarterly earnings also plunged 19.2% from the year-ago figure of 73 cents. DTE Energy Company DTE reported first-quarter 2016 operating earnings per share of $1.52, in line with the Zacks Consensus Estimate. Reported earnings, however, dropped 7.9% from the year-ago figure of $1.65. American Electric Power Co., Inc. AEP reported first-quarter 2016 operating earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.06 by 3.8%. Earnings also dropped 20.3% from the year-ago figure owing to an unseasonably warm winter that led to weak residential sales and low power prices. Zacks Rank Currently, PG&E Corporation carries a Zacks Rank #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMER ELEC PWR (AEP): Free Stock Analysis Report CMS ENERGY (CMS): Free Stock Analysis Report PG&E CORP (PCG): Free Stock Analysis Report DTE ENERGY CO (DTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research