PG&E Q2 EPS Jumps 29% to $0.40, Reaffirms 2026 Guidance
PCG sits 36% above its 52-week low of $13.315.
Summary
PG&E delivered a strong Q2 with non-GAAP core EPS of $0.40, up 29% from $0.31 a year ago, while GAAP EPS was $0.33. Revenue reached $5.9 billion and net income was $761 million. Full-year 2026 guidance was reaffirmed at $1.64-$1.66, signaling confidence in hitting cost reduction targets. The utility completed a $2.2 billion bond issuance in June, bringing total debt financings to $4.4 billion for the year, following the $850 million credit facility increase announced last month. Operational highlights include progress on wildfire mitigation—37 miles of undergrounding and 100 miles of strengthened poles—and a 60% methane reduction milestone. The data center pipeline now exceeds 12 GW, which could lower customer bills.
At the time of this announcement, PCG was trading at $18.10 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $39.9B. The 52-week trading range was $13.32 to $19.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.