PG&E Corp (PCG) Form 8-K — Oct 21, 2026
PG&E Corporation reported Q3 2026 GAAP EPS of $0.34 ($749M income available for common shareholders), down from $0.37 a year ago, and non-GAAP core EPS of $0.41 versus $0.50, driven by a lower CPUC return on equity, tax methodology catch-up impacts, and higher Wildfire Fund expense. Despite the earnings decline, management reaffirmed full-year 2026 non-GAAP core EPS guidance of $1.64-$1.66 and 2027 guidance of $1.78-$1.82, and said it remains on track for its 2-4% non-fuel O&M cost reduction target and the previously announced $2 billion cut to the 2027 capital plan.
Key figures
- Eps
- 0.34
- Revenue
- 6188000000
- Guidance
- 2026 non-GAAP core EPS reaffirmed at $1.64-$1.66; 2027 reaffirmed at $1.78-$1.82
- Net Income
- 749000000
- Revenue Yoy
- -1.0% (Q3: $6,188M vs $6,250M)
AI analysis
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