PG&E Corporation Reports Third Quarter 2026 Results; On Track to Deliver Solid 2026; Reaffirms 2026 and 2027 Guidance
PG&E reported Q3 2026 GAAP EPS of $0.34 (down from $0.37) and non-GAAP core EPS of $0.41 (down from $0.50), with lower CPUC return on equity and higher Wildfire Fund expense driving the decline. Despite the softer quarter, the company reaffirmed full-year 2026 core EPS guidance of $1.64-$1.66 and 2027 guidance of $1.78-$1.82, and is on track for its 2-4% O&M cost reduction target.
Key figures
- Eps
- 0.34
- Revenue
- 6188000000
- Guidance
- FY2026 non-GAAP core EPS reaffirmed at $1.64-$1.66; FY2027 reaffirmed at $1.78-$1.82
- Revenue Yoy
- -1%
- Gaap income q3
- $749 million
- Core earnings q3
- $928 million
- Core eps q3 2025
- 0.5
- Core eps q3 2026
- 0.41
- Operating income q3
- 1249000000
- Om cost reduction target
- 2-4%
- Undergrounding plan miles
- 5000
- Capital plan reduction 2027
- $2 billion
- Estimated long term benefits
- $117 billion
- Wildfire risk reduction target
- 98%
AI analysis
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