PG&E $PCG Q3โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $6.19B (Est. $6.83B) ๐ด
๐น Adj. EPS: $0.41 (Est. $0.42) ๐ด; -18% YoY
๐น GAAP EPS: $0.34
Affirms FY26 Guide:
๐น Adj. EPS: $1.64-$1.66 (Est. $1.65) ๐ก
Affirms FY27 Guide:
๐น Adj. EPS: $1.78-$1.82 (Est. $1.80) ๐ก
Business Highlights:
๐น Undergrounding Plan: 5,000 miles
๐น Data Center Projects: 174 MW
Key Updates:
๐น GAAP EPS of $0.34 includes $156M of after-tax non-core items ($0.07 per share), all excluded from core EPS, made up of Wildfire Fund amortization of $102M, bankruptcy and legal costs benefit of $29M, investigation remedies of $8M, SB 901 securitization of $23M, strategic repositioning of $42M and wildfire-related costs of $10M
๐น Strategic review advancing with the goal of becoming a financially strong, investment-grade company
Comments:
๐ธ โOur PG&E team continues to make meaningful progress delivering safe, affordable, reliable, and clean energy to our customers.โ