Overview
Energy provider's Q4 non-GAAP core EPS rose to $0.36, up from $0.31 in 2024
Company tightened 2026 non-GAAP core EPS guidance to $1.64-$1.66 versus $1.62-$1.66 previously
Company reduced 2025 non-fuel O&M costs by 2.5%
Outlook
PG&E tightens 2026 non-GAAP core EPS guidance to $1.64-$1.66 per share
Company targets customer bill inflation of 0-3% versus 2-4% previously
PG&E advances 3.6 GW of data center projects into final engineering
Result Drivers
RATE REDUCTIONS - PG&E achieved a fourth reduction in residential electric rates in two years, with rates now 11% lower than January 2024
WILDFIRE PREVENTION - PG&E completed 334 miles of undergrounded powerlines and installed 207 miles of strengthened poles in high wildfire-risk areas
COST MANAGEMENT - PG&E reduced 2025 non-fuel operating and maintenance costs by 2.5% and redeployed savings, totaling over $700 mln in four years
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS | $0.29 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for PG&E Corp is $21.00, about 22.8% above its February 11 closing price of $17.10
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)