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.”
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