PG&E Q3 Core EPS $0.41; 2026 Guidance Reaffirmed as 5,000-Mile Undergrounding Program Advances
PG&E Corporation reported third-quarter results on October 22 via PR Newswire. GAAP earnings per share were $0.34, bringing the year-to-date figure to $1.06, while core EPS was $0.41, or $1.24 year to date. Total core earnings were $928 million, GAAP earnings available for common shareholders were $749 million, and operating revenue was $6.188 billion — $4.660 billion from electricity and $1.528 billion from natural gas. Non-core items totaled $156 million, or $0.07 per share.
PG&E reaffirmed its 2026 core EPS guidance of $1.64–$1.66 and its 2027 guidance of $1.78–$1.82.
The company also outlined its wildfire mitigation plan to underground 5,000 miles of power lines, which it expects will cut wildfire risk by 98% and deliver about $117 billion in long-term benefits. Chief Executive Patti Poppe commented on the results and the plan.
(Pictured: the PG&E building in Oakland, file photo.)
Published by GSM · USA (original Chinese edition)
Photo: Wikimedia Commons · Eugene Zelenko · CC BY-SA 4.0
