PG&E Q2 2026 core EPS rises to $0.40 from $0.31; 2026 guidance reaffirmed
PG&E Corporation reported second-quarter 2026 GAAP income available for common shareholders of $733 million, or $0.33 per diluted share, up from $521 million, or $0.24, a year earlier. The company reaffirmed its full-year 2026 non-GAAP core EPS guidance of $1.64 to $1.66 per share, so earnings rose and the outlook was unchanged.
Key points
- Non-GAAP core earnings were $920 million, or $0.40 per diluted share, for Q2 2026, versus $674 million, or $0.31, in Q2 2025.
- First-half 2026 GAAP EPS was $0.72 versus $0.51, and non-GAAP core EPS was $0.83 versus $0.64.
- Non-core items totaled $164 million after tax, or $0.07 per share, in Q2 2026.
- The Utility completed a $2.2 billion bond issuance in June, bringing 2026 Utility debt financings to $4.4 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.