PG&E Reaffirms Earnings Guidance, Highlights Wildfire Liability Reform Needs
Pacific Gas & Electric (NYSE:PCG) reaffirmed its full-year core earnings per share guidance of $1.64 to $1.66 for 2026 during its second-quarter earnings call and reiterated a long-term plan for annual EPS growth of 9% from 2027 through 2030. The company also confirmed it does not require additional equity financing as part of its $73 billion capital investment plan up to 2030. Executives emphasized the importance of wildfire liability reform in California for PG&E’s financial strategy and progress toward achieving an investment-grade credit rating. CEO Patti Poppe warned that failure by lawmakers to provide a durable solution could lead the company to adjust its capital plans. The utility also highlighted improvements in affordability, reliability, and safety metrics, including lower customer rates and reduced outage times. PG&E reported core earnings per share of $0.40 for Q2 2026 and $0.83 year-to-date, reflecting consistent operational performance.
Tickers: $PCG
Topics: capital plan earnings guidance wildfire liability reform