PG&E Reaffirms 2026-2027 Core EPS Guidance Despite Lower Q3 Profit; Shares Fall 0.68% Pre-Market

PG&E Corp. (PCG) reaffirmed full-year 2026 and 2027 non-GAAP core earnings guidance of $1.64 to $1.66 per share and $1.78 to $1.82 per share, respectively, and said it remains on track to meet its 2-4% non-fuel operating and maintenance cost reduction target. Third-quarter income available for common shareholders was $749 million, or $0.34 per diluted share, down from $823 million, or $0.37 per diluted share, in the prior-year quarter. Non-GAAP core earnings fell to $928 million, or $0.41 per diluted share, from $1.14 billion, or $0.50 per diluted share. Revenue declined 1.0% to $6.188 billion from $6.250 billion a year earlier. In pre-market trading on the NYSE, PG&E shares were down 0.68% at $13.08.