Earnings summaries and quarterly performance for PG&E.
Executive leadership at PG&E.
Patti Poppe
Detailed
Chief Executive Officer
CEO
AW
Ajay Waghray
Detailed
Executive Vice President and Chief Information Officer
AV
Alex Vallejo
Detailed
Executive Vice President, Chief People Officer
CB
Carolyn Burke
Detailed
Executive Vice President and Chief Financial Officer
CI
Chelle Izzi
Detailed
Chief Commercial Officer
JG
Jason Glickman
Detailed
Executive Vice President, Engineering, Planning & Strategy
JS
John Simon
Detailed
Executive Vice President, General Counsel and Chief Ethics & Compliance Officer
MS
Marlene Santos
Detailed
Executive Vice President, Chief Customer Officer and Enterprise Solutions Officer
SW
Stephanie Williams
Detailed
Vice President, Chief Financial Officer and Controller
SS
Sumeet Singh
Detailed
Executive Vice President, Operations and Chief Operating Officer
Board of directors at PG&E.
AH
Arno Harris
Detailed
Director
BW
Ben Wilson
Detailed
Director
CH
Carlos Hernandez
Detailed
Director
CC
Cheryl Campbell
Detailed
Director
CF
Craig Fugate
Detailed
Director
EC
Edward Cannizzaro
Detailed
Director
JD
Jessica Denecour
Detailed
Director
JL
John Larsen
Detailed
Director
KC
Kerry Cooper
Detailed
Chair of the Board
LD
Leo Denault
Detailed
Director
MF
Mark Ferguson III
Detailed
Director
RB
Rajat Bahri
Detailed
Director
WS
William Smith
Detailed
Director
Research analysts who have asked questions during PG&E earnings calls.
Carly Davenport
Goldman Sachs
9 questions for PCG
Also covers: AEE, AEP, D +14 more
Julien Dumoulin-Smith
Jefferies
8 questions for PCG
Also covers: AEE, AEP, AES +60 more
AC
Anthony Crowdell
Mizuho Financial Group
6 questions for PCG
Also covers: AEE, AEP, AES +30 more
DA
David Arcaro
Morgan Stanley
6 questions for PCG
Also covers: AEP, AES, ATO +35 more
GO
Gregg Orrill
UBS Group AG
6 questions for PCG
Also covers: AWK, CMS, EIX +4 more
Nicholas Campanella
Barclays
6 questions for PCG
Also covers: AEE, AEP, AES +33 more
Steve Fleishman
Wolfe Research, LLC
6 questions for PCG
Also covers: AEP, CEG, CNP +15 more
Richard Sunderland
JPMorgan Securities LLC
5 questions for PCG
Also covers: AES, AQN, ATO +9 more
RL
Ryan Levine
Citigroup
4 questions for PCG
Also covers: AEP, AES, ATO +17 more
Aidan Kelly
JPMorgan Chase & Co.
2 questions for PCG
Also covers: EIX, NWE, SRE
DF
David Frank
Zimmer Partners
2 questions for PCG
GO
Greg Orill
UBS
2 questions for PCG
MP
Marcella Petiprin
Wells Fargo
2 questions for PCG
Michael Lonegan
Evercore ISI
2 questions for PCG
Also covers: AEP, DTE, EIX +7 more
PF
Paul Fremont
Ladenburg Thalmann
2 questions for PCG
Also covers: AEE, CNP, CPK +18 more
SP
Shahriar Pourreza
Guggenheim Partners
2 questions for PCG
Also covers: AEE, AEP, AVA +29 more
Steven Fleishman
Wolfe Research
2 questions for PCG
Also covers: AEP, CEG, CNP +18 more
DP
David Paz
Wolfe Research, LLC
1 question for PCG
Also covers: AEE, AEP, D +5 more
JD
Julian Demarin Smith
Jefferies
1 question for PCG
KL
Konstantin Lednev
Guggenheim Partners
1 question for PCG
Also covers: CNP, DTE, EIX +4 more
Recent press releases and 8-K filings for PCG.
Pacific Gas and Electric Company prices $2.2B bond issuance
PCG
Debt Issuance
- Pacific Gas and Electric Company launched an aggregate $2.2 billion offering comprising $400 million 6.100% First Mortgage Bonds due 2029, $1 billion 5.200% First Mortgage Bonds due 2036 and $800 million 6.000% First Mortgage Bonds due 2056.
- The bonds settle on February 20, 2026 (T+2) with net proceeds of approximately $2.197 billion, which will repay $600 million of 2.95% Senior Notes due March 1, 2026 and fund general corporate purposes.
- BMO Capital Markets, BofA Securities, SMBC Nikko Securities America and Wells Fargo Securities are joint book-running managers, with several co-managers supporting the deal.
7 days ago
PG&E Corp completes $1B junior subordinated notes offering
PCG
Debt Issuance
- PG&E Corp completed the sale of $1,000,000,000 6.850% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056 on February 19, 2026.
- The notes were issued under the Subordinated Note Indenture dated September 11, 2024, as further amended by the Second Supplemental Indenture dated February 19, 2026, with The Bank of New York Mellon Trust Company, N.A. as trustee.
- The offering was underwritten by Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC as representatives of the underwriters.
Feb 19, 2026, 9:29 PM
PG&E reports full-year 2025 core EPS and raises 2026 guidance
PCG
Earnings
Guidance Update
Dividends
- Full-year 2025 core EPS were $1.50 at the midpoint, up 10% over 2024, marking a fourth consecutive year of double-digit growth.
- 2026 core EPS guidance raised to $1.64–$1.66, implying 10% growth at the midpoint.
- Residential bundled electric rates are 11% lower than January 2024 (gas rates also down), with safety metrics improving: 43% reduction in serious injuries/fatalities and 19% SAIDI improvement vs. 2024.
- Achieved 2.5% non-fuel O&M savings in 2025—exceeding targets for the fourth straight year—and redeployed $0.09 per share for customer benefit.
- Annual dividend doubled to $0.20 for 2026, with no new equity planned through 2030 and a 20% payout target by 2028.
Feb 12, 2026, 4:00 PM
PCG
Earnings
Guidance Update
Dividends
- PG&E delivered full-year 2025 core EPS of $1.50 at the midpoint, up 10% year-over-year, and raised its 2026 core EPS guidance to $1.64–$1.66, implying 10% growth, while reiterating 9%+ annual growth through 2030.
- Operational performance improved markedly in 2025 with a 43% reduction in serious injuries and fatalities, a 30% improvement in serious preventable motor vehicle incidents, and a 19% enhancement in SAIDI reliability, alongside 43% fewer ignitions and a third consecutive year without a major equipment-caused wildfire.
- The company achieved its fourth electric rate cut in two years, resulting in bundled residential electric rates 11% lower than January 2024, and introduced an “amplified” simple, affordable model targeting 0%–3% future bill growth.
- PG&E maintained its $73 billion five-year capital plan with no new common equity through 2030, doubled its annual dividend to $0.20 for 2026, and plans to sustain mid-teens FFO/debt while pursuing investment-grade ratings.
Feb 12, 2026, 4:00 PM
PG&E reports Q4 2025 results
PCG
Earnings
Guidance Update
Dividends
- Non-GAAP core EPS of $0.36 in Q4 and $1.50 for FY 2025, up 10% YoY, and 2026 EPS guidance tightened to $1.64–$1.66
- Electric rates were 11% lower than in 2024, and redeployed $705 M of O&M savings for customer benefit over four years
- Five-year capital plan targets $73 B CapEx (2026–2030) with ~9% average annual rate base growth and financing to avoid common equity issuance for utility investment
- Generated $8.7 B of operating cash flow, improved FFO/Debt to 14.0%, and maintained a 7% dividend payout, on track to reach 20% by 2028 and investment-grade ratings
Feb 12, 2026, 4:00 PM
PG&E reports Q4 2025 results
PCG
Earnings
Guidance Update
New Projects/Investments
- 2025 core EPS of $1.50 at midpoint, up 10% year-over-year; raised 2026 guidance to $1.64–$1.66, implying 10% EPS growth.
- Achieved 43% reduction in serious injuries/fatalities and 19% improvement in system-wide SAIDI; delivered fourth electric rate cut in two years, with bundled residential rates 11% below January 2024 (≈$20/mo savings).
- Amplified simple, affordable model targeting 0%–3% annual bill growth and now aiming for 0% bill inflation by combining accelerated O&M savings and electric load growth.
- Data center pipeline reached 3.6 GW in final engineering (up 2 GW QoQ), with each gigawatt expected to drive ≥1% average monthly bill savings for customers.
Feb 12, 2026, 4:00 PM
PG&E raises FY2026 EPS guidance, shares rally
PCG
Earnings
Guidance Update
- PG&E reported Q4 adjusted EPS of $0.36 and FY2025 adjusted EPS of $1.50, while revenues rose to $24.94 billion; GAAP EPS was $0.29.
- The company narrowed and raised its FY2026 adjusted-earnings guidance to $1.64–$1.66 per share, above the Wall Street estimate of $1.63.
- 2025 capital expenditures climbed to $11.79 billion, long-term debt increased to $57.39 billion, and cash and equivalents declined to $0.71 billion as of Dec. 31, 2025.
- Management highlighted AI-driven power demand and plans for $73 billion in transmission investments through 2030; despite the guidance raise, shares traded modestly lower in premarket action.
Feb 12, 2026, 12:24 PM
PG&E reports solid 2025 results and tightens 2026 guidance
PCG
Earnings
Guidance Update
- GAAP EPS were $0.29 in Q4 and $1.18 for full-year 2025, versus $0.30 and $1.15 in 2024.
- Non-GAAP core EPS reached $0.36 in Q4 and $1.50 for full-year 2025, up from $0.31 and $1.36 in 2024.
- 2026 non-GAAP core EPS guidance tightened to $1.64–$1.66 per share, from $1.62–$1.66 previously.
- Non-fuel O&M costs declined by 2.5% in 2025, contributing to cumulative four-year savings of over $700 million.
- Operationally, the utility delivered its fourth residential electric rate reduction in two years and marked a third consecutive year without a major wildfire caused by its equipment.
Feb 12, 2026, 11:00 AM
PG&E Corp reports Q4 and full year 2025 results and tightens 2026 EPS guidance
PCG
Earnings
Guidance Update
New Projects/Investments
- Q4 GAAP EPS of $0.29 and full year GAAP EPS of $1.18, versus $0.30 and $1.15 in 2024
- Q4 non-GAAP core EPS of $0.36 and full year non-GAAP core EPS of $1.50, up from $0.31 and $1.36 a year ago
- 2026 non-GAAP core EPS guidance tightened to $1.64–$1.66, raising the midpoint from prior range
- Reduced non-fuel operating & maintenance costs by 2.5% in 2025 and redeployed over $700 million in cumulative savings since 2021
- Achieved a third consecutive year of zero major wildfires, lowered residential electric rates by 11% since January 2024, and advanced approximately 3.6 GW of data center projects into final engineering
Feb 12, 2026, 1:57 AM
PG&E partner LRE commissions Sierra Pinta BESS project
PCG
New Projects/Investments
- 112.5 MW / 450 MWh Sierra Pinta stand-alone BESS is now fully operational in Yuma County, Arizona, marking LRE’s second grid-connected battery project supporting PG&E’s grid reliability.
- The facility is part of a six-phase rollout that increases LRE’s regional capacity to 291 MW, enabling energy storage during low demand and dispatch at peak hours.
- Construction created ~100 jobs, and the project is projected to deliver $12,375,000 in local property tax revenue over its life.
- LRE will fund local education and workforce initiatives through the LRE Foundation, partnering with Elevate Southwest, Helping Hands of Yuma, and other community organizations.
Feb 10, 2026, 2:30 PM
Quarterly earnings call transcripts for PG&E.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more