Analyst Consensus ?
ConsensusHold30 ratings
Bullish1240.0%
Neutral1756.7%
Bearish13.3%
PG&E Corporation · PCG · FY2025 Q3 · Calendar Q4 2025
PG&E highlights wildfire progress, capital plan, and data-center growth
The supplied analysis supports a constructive operating picture: improved wildfire mitigation, O&M savings, data-center load growth, and a large capital plan provide potential support, while regulatory execution and financing risks remain material.
Reported Before market openNYSEUtilities
$33.02B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.50
Consensus $0.42
EPS surprise
+17.9%
Reported versus consensus
Reported revenue
$6.25B
Consensus $6.41B
Revenue surprise
-2.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.7%
Event window
SPY move
+0.6%
Same window
Abnormal move
-2.3%
Stock minus SPY
Volume
0.9×
Versus trailing sessions
Subsequent drift
-2.8%
Up to 20 sessions
PCGSPY benchmark
Ask FN2 about PCG FY2025 Q3
Transcript, numbers and history already loaded
Why did PCG fall 1.7% after beating EPS estimates in FY2025 Q3?What changed in PCG's guidance and outlook in FY2025 Q3?Give me the bull and bear case for PCG after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis adds a narrowed full-year EPS range, a 2026 EPS outlook, reported wildfire-mitigation progress, an Energy Vault microgrid pilot, and a capital plan described as proceeding without new equity.
Guidance delta
Management narrowed full-year EPS guidance to $1.49-$1.51 and introduced 2026 EPS guidance of $1.62-$1.66, according to the supplied transcript analysis.
Key takeaways
- The supplied analysis says Q3 core EPS was $0.50 and full-year guidance was narrowed.
- Wildfire mitigation, undergrounding, sensors, and microgrid projects remain central priorities.
- Management continues to emphasize data-center load growth, O&M savings, and a $73 billion capital plan without new equity.
Management priorities
- Maintain undergrounding at about 300 miles per year and explore acceleration
- Deploy smart sensors, grid-edge meters, and Energy Vault microgrids
- Advance hydro, substation, and data-center infrastructure projects
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$12.32Current
$13Low
$19.28Average
$25High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Neutral | Buy | Downgrade | Sep 23, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 18, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Sep 4, 2026 |
| Truist Securities | Hold | Buy | Downgrade | Sep 3, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Sep 3, 2026 |
| Barclays | Overweight | Overweight | Maintain | Sep 3, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Sep 2, 2026 |
| Wells Fargo | Equal Weight | Overweight | Downgrade | Aug 31, 2026 |
| BMO Capital | Market Perform | Outperform | Downgrade | Aug 31, 2026 |
| Jefferies | Hold | Buy | Downgrade | Mar 23, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Apr 28, 2025 |
| Guggenheim | Neutral | Neutral | Maintain | Apr 25, 2025 |
| Citigroup | Buy | Buy | Maintain | Jun 14, 2024 |
| RBC Capital | Outperform | Outperform | Maintain | May 30, 2023 |
| Ladenburg Thalmann | Buy | Buy | Maintain | Apr 3, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Feb 24, 2023 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Nov 12, 2020 |
| Seaport Global | Neutral | Neutral | Maintain | Jun 23, 2020 |
| Citi | Neutral | Sell | Upgrade | Sep 16, 2019 |
| Argus Research | Hold | Sell | Upgrade | Feb 26, 2019 |
| Argus | Hold | Sell | Upgrade | Feb 26, 2019 |
| Macquarie | Neutral | Outperform | Downgrade | Jan 15, 2019 |
| Bank of America | Buy | Buy | Maintain | Jan 9, 2019 |
| Edward Jones | Sell | Hold | Downgrade | Nov 14, 2018 |
| Goldman Sachs | Neutral | Buy | Downgrade | Jan 2, 2018 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 29, 2016 |
| CRT Capital | Buy | Hold | Upgrade | Jan 9, 2015 |
| Bernstein | Outperform | Outperform | Maintain | Aug 1, 2014 |
| ISI Group | Neutral | Buy | Downgrade | Jul 17, 2013 |
| BGC Financial | Buy | Buy | Maintain | Jan 2, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $12.32. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Gregg Orrill | $14 | $12.88 | +13.6% | Sep 22, 2026 |
| Barclays | Analyst unavailable | $18 | $13.33 | +46.1% | Sep 3, 2026 |
| Mizuho Securities | Anthony Crowdell | $14 | $13.33 | +13.6% | Sep 3, 2026 |
| Truist Financial | Analyst unavailable | $17 | $13.33 | +38.0% | Sep 3, 2026 |
| Jefferies | Analyst unavailable | $13 | $13.27 | +5.5% | Sep 1, 2026 |
| Mizuho Securities | Analyst unavailable | $16 | $16.6 | +29.9% | Aug 31, 2026 |
| BMO Capital | Analyst unavailable | $21 | $16.6 | +70.5% | Aug 31, 2026 |
| Industrial Alliance Securities | Analyst unavailable | $21 | $16.6 | +70.5% | Aug 31, 2026 |
| Truist Financial | Analyst unavailable | $21 | $17.43 | +70.5% | Aug 4, 2026 |
| BMO Capital | Analyst unavailable | $28 | $17.54 | +127.3% | Jul 24, 2026 |
| BMO Capital | Analyst unavailable | $27 | $17.68 | +119.2% | Jul 22, 2026 |
| Morgan Stanley | Analyst unavailable | $22 | $16.42 | +78.6% | May 21, 2026 |
| Truist Financial | Analyst unavailable | $22 | $16.13 | +78.6% | May 18, 2026 |
| Wells Fargo | Analyst unavailable | $25 | $17.35 | +102.9% | Apr 21, 2026 |
| Truist Financial | Richard Sunderland | $23 | $17.35 | +86.7% | Apr 20, 2026 |
| UBS | Analyst unavailable | $23 | $18.17 | +86.7% | Mar 9, 2026 |
| Morgan Stanley | Analyst unavailable | $23 | $18.28 | +86.7% | Feb 20, 2026 |
| UBS | Gregg Orrill | $20 | $18.24 | +62.3% | Feb 20, 2026 |
| Barclays | Nicholas Campanella | $23 | $18.02 | +86.7% | Feb 18, 2026 |
| Mizuho Securities | Anthony Crowdell | $21 | $15.25 | +70.5% | Jan 21, 2026 |
| Wells Fargo | Analyst unavailable | $23 | $16.43 | +86.7% | Oct 27, 2025 |
| UBS | Analyst unavailable | $18 | $16.3 | +46.1% | Oct 24, 2025 |
| Morgan Stanley | Analyst unavailable | $21 | $16.68 | +70.5% | Oct 22, 2025 |
| Jefferies | Julien Dumoulin-Smith | $21 | $16.75 | +70.5% | Oct 22, 2025 |
| BMO Capital | Analyst unavailable | $25 | $15.97 | +102.9% | Oct 14, 2025 |
| Jefferies | Analyst unavailable | $20 | $15.9 | +62.3% | Oct 3, 2025 |
| Barclays | Nicholas Campanella | $21 | $15.38 | +70.5% | Oct 1, 2025 |
| UBS | Analyst unavailable | $17 | $15.12 | +38.0% | Sep 18, 2025 |
| Morgan Stanley | Analyst unavailable | $20 | $15.12 | +62.3% | Sep 18, 2025 |
| UBS | Gregg Orrill | $19 | $15.28 | +54.2% | Aug 29, 2025 |
| Morgan Stanley | David Arcaro | $18 | $17.02 | +46.1% | May 22, 2025 |
| Wells Fargo | Analyst unavailable | $24 | $17.14 | +94.8% | Apr 25, 2025 |
| Jefferies | Julien Dumoulin-Smith | $22 | $17.53 | +78.6% | Apr 23, 2025 |
| BMO Capital | Analyst unavailable | $23 | $15.42 | +86.7% | Feb 18, 2025 |
| Barclays | Nicholas Campanella | $25 | $20.38 | +102.9% | Oct 21, 2024 |
| Jefferies | Julian Dumoulin-Smith | $24 | $19.63 | +94.8% | Oct 14, 2024 |
| Barclays | Nicholas Campanella | $22 | $18 | +78.6% | Jul 22, 2024 |
| UBS | Gregg Orrill | $22 | $18.54 | +78.6% | Jun 3, 2024 |
| Mizuho Securities | Anthony Crowdell | $23 | $18.45 | +86.7% | May 17, 2024 |
| UBS | Gregg Orrill | $21 | $17.56 | +70.5% | Aug 7, 2023 |
| Credit Suisse | Analyst unavailable | $16 | $12.7 | +29.9% | Sep 29, 2022 |
| Morgan Stanley | Analyst unavailable | $13 | $10.44 | +5.5% | Jul 21, 2022 |
| Credit Suisse | Analyst unavailable | $15 | $9.89 | +21.8% | Jul 14, 2022 |
| Morgan Stanley | Analyst unavailable | $13.5 | $12 | +9.6% | May 23, 2022 |
| Wells Fargo | Analyst unavailable | $19 | $12.93 | +54.2% | Apr 29, 2022 |
| Credit Suisse | Analyst unavailable | $17 | $11.82 | +38.0% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $14 | $12.45 | +13.6% | Apr 20, 2022 |
| Mizuho Securities | Paul Fremont | $18 | $12.3 | +46.1% | Apr 16, 2022 |
| Mizuho Securities | Paul Fremont | $17.5 | $12.69 | +42.0% | Jan 28, 2022 |
Track every rating change on PCG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationPG&E Corporation operates as a holding company, overseeing the generation, transmission, and distribution of electricity and natural gas to its clientele. The firm's expertise spans a broad range of energy-related services, including general utilities, power provision, gas supply, electrical grids, solar solutions, and sustainability initiatives. Established in 1995, the company maintains its corporate headquarters in Oakland, California.
Historical context
All PCG earningsLatest beats and misses
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- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the PCG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-03T09:36:03.404069+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T09:36:03.400072+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-03. For educational purposes only; not investment advice.