PGE Announces Raised FY26 Adj. EPS Forecast; Q4 Results Meet Estimates

The parent company of Pacific Gas and Electric (PGE:NYSE) has raised its full-year 2026 adjusted earnings per share outlook to 1.46 dollars, up from 1.40 dollars previously forecast. The increase reflects higher-than-expected fourth-quarter adjusted earnings per share of 1.12 dollars, in line with analyst estimates of 1.11 dollars, driven by improved transmission efficiency and lower-than-forecasted outage-related costs. The company reported fourth-quarter adjusted earnings of 1.12 dollars per share, meeting the average estimate of 1.11 dollars, with revenue of $12.1 billion, a 3.2% year-over-year rise. The revised guidance reflects updated assumptions about energy prices and demand, with the company maintaining its full-year 2026 revenue guidance of $48.4 billion.