PG&E $PCG Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $6.19B (Est. $6.83B) 🔴 🔹 Adj. EPS: $0.41 (Est. $0.42) 🔴; -18% YoY 🔹 GAAP EPS: $0.34 Affirms FY26 Guide: 🔹 Adj. EPS: $1.64-$1.66 (Est. $1.65) 🟡 Affirms FY27 Guide: 🔹 Adj. EPS: $1.78-$1.82 (Est. $1.80) 🟡 Business Highlights: 🔹 Undergrounding Plan: 5,000 miles 🔹 Data Center Projects: 174 MW Key Updates: 🔹 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 🔹 Strategic review advancing with the goal of becoming a financially strong, investment-grade company Comments: 🔸 “Our PG&E team continues to make meaningful progress delivering safe, affordable, reliable, and clean energy to our customers.”