PG&E Tightens 2026 Non-GAAP EPS Guidance to $1.64-$1.66
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Should l Buy PCG?
Source: seekingalpha
- Earnings Guidance Adjustment: PG&E tightens its 2026 non-GAAP core EPS guidance to $1.64-$1.66, slightly up from the previous range of $1.62-$1.66, indicating the company's confidence in its future profitability.
- Customer Bill Inflation Target: By amplifying the Simple Affordable Model, PG&E adjusts its customer bill inflation target to 0-3%, down from 2-4%, aiming to enhance customer satisfaction and strengthen its competitive position in the market.
- Cost Reduction Initiatives: The company has reduced non-fuel operating and maintenance costs by 2.5% in 2025, bringing cumulative savings over four years to over $700 million, which will further enhance financial flexibility and investment capacity.
- Data Center Project Advancement: Since the third quarter update, PG&E has advanced 2 gigawatts of data center projects into final engineering, with approximately 3.6 gigawatts now in this phase, demonstrating the company's proactive approach to infrastructure investment.
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Analyst Views on PCG
Wall Street analysts forecast PCG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PCG is 21.36 USD with a low forecast of 18.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 16.750
Low
18.00
Averages
21.36
High
25.00
Current: 16.750
Low
18.00
Averages
21.36
High
25.00
About PCG
PG&E Corporation is a holding company. The Company's primary operating subsidiary is Pacific Gas and Electric Company (the Utility), a public utility operating in Northern and Central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electric transmission and distribution services throughout its service area in northern and central California to residential, commercial, industrial, and agricultural customers. The Utility provides electricity, transmission, and distribution services in its service area. The Utility owns approximately 18,000 circuit miles of interconnected transmission lines operating at voltages ranging from 60 kilovolts (kV) to 500 kV. The Utility also operates 33 electric transmission substations with a capacity of approximately 67,000 megavolt amperes (MVA). Customers can also obtain electricity from alternative providers such as municipalities (CCAs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PG&E Q4 Earnings Preview: Analysts Expect 36 Cents EPS
- Earnings Release Announcement: PG&E Corporation is set to release its Q4 earnings before the market opens on February 11, with analysts forecasting earnings of 36 cents per share, an increase from 31 cents in the previous year, indicating improved profitability.
- Quarterly Revenue Expectations: Analysts project PG&E's quarterly revenue to reach $7.05 billion, up from $6.63 billion last year, reflecting a positive trend in the company's revenue growth.
- Dividend Yield Analysis: With an annual dividend yield of 1.19% and a quarterly dividend of 5 cents per share, investors aiming for $500 monthly in dividends would need approximately 30,000 shares, equating to an investment of about $502,500, highlighting the investment threshold for dividend income.
- Stock Price Fluctuation Impact: PG&E shares rose by 2.5% to close at $16.75 on Tuesday, with analysts maintaining an Overweight rating and raising the price target from $23 to $24, indicating a positive market outlook for the company's future performance.
See More
PG&E Reports Strong Financial Performance for 2025
- Significant Revenue Growth: PG&E reported income available for common shareholders of $2.593 billion in 2025, translating to a diluted EPS of $1.18, which is an increase from $2.475 billion and $1.15 in 2024, reflecting the company's positive progress in customer capital investment and operational savings.
- Non-GAAP Core Earnings Increase: The company's non-GAAP core earnings reached $3.307 billion, or $1.50 per diluted share in 2025, compared to $2.923 billion and $1.36 per share in 2024, indicating a sustained improvement in financial performance when excluding non-core items.
- Electricity Price Reduction Strategy: PG&E has lowered electric prices four times over the past two years, bucking the national trend of rising prices, which not only enhances customer satisfaction but also strengthens the company's appeal in a competitive energy market.
- Tightened 2026 Earnings Guidance: PG&E has adjusted its 2026 non-GAAP core earnings guidance to a range of $1.64 to $1.66 per share, reflecting confidence in future earnings while indicating ongoing efforts in customer capital investment and cost management.
See More
PG&E Tightens 2026 Non-GAAP EPS Guidance to $1.64-$1.66
- Earnings Guidance Adjustment: PG&E tightens its 2026 non-GAAP core EPS guidance to $1.64-$1.66, slightly up from the previous range of $1.62-$1.66, indicating the company's confidence in its future profitability.
- Customer Bill Inflation Target: By amplifying the Simple Affordable Model, PG&E adjusts its customer bill inflation target to 0-3%, down from 2-4%, aiming to enhance customer satisfaction and strengthen its competitive position in the market.
- Cost Reduction Initiatives: The company has reduced non-fuel operating and maintenance costs by 2.5% in 2025, bringing cumulative savings over four years to over $700 million, which will further enhance financial flexibility and investment capacity.
- Data Center Project Advancement: Since the third quarter update, PG&E has advanced 2 gigawatts of data center projects into final engineering, with approximately 3.6 gigawatts now in this phase, demonstrating the company's proactive approach to infrastructure investment.
See More
Stocks Close Steady Following Robust Jobs Data
Market Movement: The S&P 500 attempted to reach the 7,000 mark during trading.
End of Day Status: Despite the early gains, the index closed the day at its starting point.
See More
PG&E to Announce Q4 Earnings on February 12
- Earnings Announcement Date: PG&E is set to release its Q4 2023 earnings report on February 12 before the market opens, with a consensus EPS estimate of $0.36, reflecting a 16.1% year-over-year increase, which could positively impact the stock price.
- Performance Expectation Analysis: Over the past two years, PG&E has exceeded EPS estimates 75% of the time, although it has only surpassed revenue estimates 25% of the time, indicating stability in profitability but a need for stronger revenue growth.
- Estimate Revision Dynamics: In the last three months, PG&E's EPS estimates have seen two upward revisions and four downward revisions, while revenue estimates experienced no upward revisions and one downward revision, suggesting fluctuating market confidence in the company's future performance.
- Investor Attention: ClearBridge Dividend Strategy Fund increased its stake in PG&E during Q4, indicating institutional investors' recognition of its potential value, despite challenges related to capital expenditure plans and data center pipelines.
See More
Valentine's Day Balloon Safety Reminder
- Balloon-Induced Outages: In 2025, metallic balloons caused nearly 350 outages in PG&E's service area, affecting 165,000 customers and disrupting services to homes, businesses, and essential facilities like traffic signals, schools, and hospitals, highlighting the potential threat balloons pose to the power system.
- Legal Requirements: California law mandates that metallic balloons must be secured with a weight, and PG&E emphasizes that this simple precaution is especially crucial during Valentine's Day celebrations to reduce balloon-related outages and ensure public safety.
- Safety Reminders: PG&E advises customers to always secure metallic balloons and never release them outdoors during celebrations to prevent collisions with power lines, which can cause instant outages and equipment damage, thereby impacting community safety.
- Public Awareness: PG&E Vice President Ron Richardson notes that a single rogue metallic balloon can darken an entire neighborhood in seconds, urging customers to take action to ensure a safe and enjoyable Valentine's Day celebration.
See More
PG&E Q4 Earnings Preview: Analysts Expect 36 Cents EPS
- Earnings Release Announcement: PG&E Corporation is set to release its Q4 earnings before the market opens on February 11, with analysts forecasting earnings of 36 cents per share, an increase from 31 cents in the previous year, indicating improved profitability.
- Quarterly Revenue Expectations: Analysts project PG&E's quarterly revenue to reach $7.05 billion, up from $6.63 billion last year, reflecting a positive trend in the company's revenue growth.
- Dividend Yield Analysis: With an annual dividend yield of 1.19% and a quarterly dividend of 5 cents per share, investors aiming for $500 monthly in dividends would need approximately 30,000 shares, equating to an investment of about $502,500, highlighting the investment threshold for dividend income.
- Stock Price Fluctuation Impact: PG&E shares rose by 2.5% to close at $16.75 on Tuesday, with analysts maintaining an Overweight rating and raising the price target from $23 to $24, indicating a positive market outlook for the company's future performance.
See More
PG&E Reports Strong Financial Performance for 2025
- Significant Revenue Growth: PG&E reported income available for common shareholders of $2.593 billion in 2025, translating to a diluted EPS of $1.18, which is an increase from $2.475 billion and $1.15 in 2024, reflecting the company's positive progress in customer capital investment and operational savings.
- Non-GAAP Core Earnings Increase: The company's non-GAAP core earnings reached $3.307 billion, or $1.50 per diluted share in 2025, compared to $2.923 billion and $1.36 per share in 2024, indicating a sustained improvement in financial performance when excluding non-core items.
- Electricity Price Reduction Strategy: PG&E has lowered electric prices four times over the past two years, bucking the national trend of rising prices, which not only enhances customer satisfaction but also strengthens the company's appeal in a competitive energy market.
- Tightened 2026 Earnings Guidance: PG&E has adjusted its 2026 non-GAAP core earnings guidance to a range of $1.64 to $1.66 per share, reflecting confidence in future earnings while indicating ongoing efforts in customer capital investment and cost management.
See More
PG&E Tightens 2026 Non-GAAP EPS Guidance to $1.64-$1.66
- Earnings Guidance Adjustment: PG&E tightens its 2026 non-GAAP core EPS guidance to $1.64-$1.66, slightly up from the previous range of $1.62-$1.66, indicating the company's confidence in its future profitability.
- Customer Bill Inflation Target: By amplifying the Simple Affordable Model, PG&E adjusts its customer bill inflation target to 0-3%, down from 2-4%, aiming to enhance customer satisfaction and strengthen its competitive position in the market.
- Cost Reduction Initiatives: The company has reduced non-fuel operating and maintenance costs by 2.5% in 2025, bringing cumulative savings over four years to over $700 million, which will further enhance financial flexibility and investment capacity.
- Data Center Project Advancement: Since the third quarter update, PG&E has advanced 2 gigawatts of data center projects into final engineering, with approximately 3.6 gigawatts now in this phase, demonstrating the company's proactive approach to infrastructure investment.
See More
Stocks Close Steady Following Robust Jobs Data
Market Movement: The S&P 500 attempted to reach the 7,000 mark during trading.
End of Day Status: Despite the early gains, the index closed the day at its starting point.
See More
PG&E to Announce Q4 Earnings on February 12
- Earnings Announcement Date: PG&E is set to release its Q4 2023 earnings report on February 12 before the market opens, with a consensus EPS estimate of $0.36, reflecting a 16.1% year-over-year increase, which could positively impact the stock price.
- Performance Expectation Analysis: Over the past two years, PG&E has exceeded EPS estimates 75% of the time, although it has only surpassed revenue estimates 25% of the time, indicating stability in profitability but a need for stronger revenue growth.
- Estimate Revision Dynamics: In the last three months, PG&E's EPS estimates have seen two upward revisions and four downward revisions, while revenue estimates experienced no upward revisions and one downward revision, suggesting fluctuating market confidence in the company's future performance.
- Investor Attention: ClearBridge Dividend Strategy Fund increased its stake in PG&E during Q4, indicating institutional investors' recognition of its potential value, despite challenges related to capital expenditure plans and data center pipelines.
See More
Valentine's Day Balloon Safety Reminder
- Balloon-Induced Outages: In 2025, metallic balloons caused nearly 350 outages in PG&E's service area, affecting 165,000 customers and disrupting services to homes, businesses, and essential facilities like traffic signals, schools, and hospitals, highlighting the potential threat balloons pose to the power system.
- Legal Requirements: California law mandates that metallic balloons must be secured with a weight, and PG&E emphasizes that this simple precaution is especially crucial during Valentine's Day celebrations to reduce balloon-related outages and ensure public safety.
- Safety Reminders: PG&E advises customers to always secure metallic balloons and never release them outdoors during celebrations to prevent collisions with power lines, which can cause instant outages and equipment damage, thereby impacting community safety.
- Public Awareness: PG&E Vice President Ron Richardson notes that a single rogue metallic balloon can darken an entire neighborhood in seconds, urging customers to take action to ensure a safe and enjoyable Valentine's Day celebration.
See More
