PG&E Corporation · PCG · Next earnings

PG&E Corporation reports Thursday, Oct 22, 2026

PCG reports before market open with consensus EPS at $0.40 and revenue at $6.76B. Last quarter: PG&E Q2 Core EPS Beats Estimates, Reaffirms Full-Year Guidance on Data Center Growth

Reports Before market open32 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $0.40 Calendar consensus
Consensus revenue $6.76B Calendar consensus
Report date Oct 22, 2026 Thursday, date estimated
Session Before market open 32 days away

Where PCG left off: FY2026 Q2

Full report

PG&E Q2 Core EPS Beats Estimates, Reaffirms Full-Year Guidance on Data Center Growth

EPS surprise +11.6% Reported $0.40 vs $0.36
Revenue surprise -4.9% Reported $5.90B vs $6.20B
Stock move -3.1% Event window
Subsequent drift +1.0% Up to 20 sessions

FY2026 core EPS guidance of $1.64-$1.66 per share was reaffirmed, representing approximately 10% year-over-year growth. The $73 billion capital plan through 2030 is unchanged. The no-new-equity policy through 2030 and 20% dividend payout target by 2028 remain in place. Capex outlook is stable.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • SB 254 wildfire-liability legislation could alter capital allocation and cost structure
  • Capital reallocation (Plan B) may be needed if legislative framework is inadequate
  • Regulatory approvals pending for General Rate Case and interim rate recovery
  • Fire-season variability and residual wildfire risk despite mitigation programs
  • FERC show-cause order and Rule 30 rate design outcomes

Questions analysts left open

  • Timing and substance of SB 254 wildfire-liability reforms
  • Quality and conversion rate of data center projects in the pipeline
  • Sustainability of 2-4% O&M cost reductions
  • Impact of interim rate recovery on earnings and customer bills
  • Potential capital-plan adjustments if legislation stalls

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Recent PCG quarters

All PCG earnings
-3.1%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.