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PG&E (PCG)
NYSE:PCG
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.33Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operational and financial wins: double-digit EPS growth, meaningful safety and reliability improvements, recurring O&M savings, lower customer bills, and a growing data center load pipeline that supports an amplified affordability target. At the same time, material execution and valuation risks persist tied to wildfire liability reform (SB 254 phase two), regulatory cost recovery proceedings, rating-agency views, and realization/timing of load and savings assumptions. Management presented a disciplined capital and financing approach to preserve investment-grade metrics and avoid equity issuance while signaling readiness to reassess plans if legislative progress stalls.Company Guidance
Strong EPS Growth
Core earnings per share for full-year 2025 were $1.50 at the midpoint, up 10% versus 2024; 2026 guidance raised/tightened to $1.64–$1.66 (midpoint implies ~10% EPS growth) and management reaffirms 9%+ annual growth 2027–2030.
Sustained Operational Performance and Safety Gains
Significant safety improvements in 2025: 43% reduction in serious injuries and fatalities year-over-year and a 30% improvement in serious preventable motor vehicle incident rate; ignitions down 43% and a third consecutive year without a major fire caused by company equipment.
Improved Reliability and Customer Affordability
Systemwide reliability improved 19% year-over-year; bundled residential electric rates are 11% lower than January 2024 (typical customer paying about $20 less per month); management refreshed 'simple, affordable' target bill trajectory to 0%–3% future bill growth.
O&M Savings and Redeployments
Non-fuel O&M reduced by 2.5% in 2025 (exceeding targets four years running); operating & maintenance savings contributed $0.20 per share for the year with $0.09 per share redeployed back into the system for customers; >160 waste-elimination initiatives undertaken.
Data Center and Load Growth Pipeline
Projects in final engineering now nearly 3.6 GW (up ~2 GW and more than doubling from prior quarter); management sees ~1.8 GW online by 2030 (previously ~1.5 GW), with each gigawatt of large load estimated to reduce average monthly electric bills by ~1%.
Customer Service and Process Improvements
Application intake time cut by 40% from 76 to 45 days (2023 to late 2025); engineering design times down by one-third; customer transaction/field crew scores improved (field crews scored 9.5/10 by customers).
Capital & Financing Plan Discipline
Five-year capital plan remains $73 billion with at least $5 billion identified outside plan; financing plan designed to require no new common equity through 2030, target FFO-to-debt in the mid-teens, dividend doubled to $0.20 for 2026 and targeting 20% payout by 2028; expected 2026 utility debt issuance up to $4.6 billion.
Strategic Initiatives and Technology Partnerships
Launched EmberPoint venture with Lockheed Martin to accelerate wildfire prediction/detection and response; main sponsor of XPRIZE Wildfire autonomous response track—supports advancement of wildfire suppression technologies.
PCG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PCG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $17.10 | $17.56 | +2.69% |
Oct 23, 2025 | $16.58 | $16.30 | -1.69% |
Jul 31, 2025 | $14.00 | $14.00 | 0.00% |
Apr 24, 2025 | $17.48 | $17.33 | -0.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PG&E (PCG) report earnings?
PG&E (PCG) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is PG&E (PCG) earnings time?
PG&E (PCG) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCG EPS forecast?
PCG EPS forecast for the fiscal quarter 2026 (Q1) is 0.39.