Pacific Gas & Electric (NYSE:PCG) Announces Earnings Results, Misses Estimates By $0.01 EPS

Pacific Gas & Electric (NYSE:PCG) released its quarterly earnings data on Thursday. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01), Zacks reports. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.82 billion. Pacific Gas & Electric had a return on equity of 11.49% and a net margin of 12.00%. Pacific Gas & Electric’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share.

Here are the key takeaways from Pacific Gas & Electric’s conference call:

• 2026 and 2027 core EPS guidance was reaffirmed at $1.64–$1.66 and $1.78–$1.82, respectively, with customer capital investment and ongoing O&M savings supporting earnings growth.
• Comprehensive wildfire liability reform has not been enacted, while Fitch moved PG&E’s outlook to negative; management said the resulting financing costs are pressuring customers and forced a $2 billion reduction in the 2027 capital plan.
• PG&E is conducting a strategic review of its financing and corporate structure, including ring-fencing, separations, or asset sales, with the goal of achieving investment-grade ratings and unlocking value; the company expects to announce a path forward by next summer.
• Operational safety metrics continue to improve, including a 74% decline in the weather-normalized ignition rate since 2017 and a fourth consecutive year without a major equipment-related wildfire; data-center load growth also remains an opportunity, with 1.8 gigawatts targeted online by 2030.
• A proposed 2027 general rate case decision would authorize $456 million of interim recovery beginning in January, potentially improving cash flow and reducing financing expense, while PG&E’s proposed undergrounding plan targets 5,000 additional miles over 10 years.

Pacific Gas & Electric Price Performance

NYSE PCG opened at $12.81 on Tuesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.97 and a current ratio of 1.03. The stock has a market cap of $34.35 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 1.01 and a beta of 0.28. Pacific Gas & Electric has a 52-week low of $11.77 and a 52-week high of $19.16. The business has a 50 day simple moving average of $14.01 and a 200 day simple moving average of $16.28.

Pacific Gas & Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. Pacific Gas & Electric’s dividend payout ratio (DPR) is currently 14.81%.

Insider Activity

In other Pacific Gas & Electric news, Director William Fugate sold 6,500 shares of Pacific Gas & Electric stock in a transaction on Friday, September 4th. The stock was sold at an average price of $13.76, for a total value of $89,440.00. Following the completion of the transaction, the director directly owned 73,530 shares of the company’s stock, valued at $1,011,772.80. The trade was a 8.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John O. Larsen acquired 7,500 shares of Pacific Gas & Electric stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of $12.20 per share, for a total transaction of $91,500.00. Following the completion of the purchase, the director directly owned 36,685 shares of the company’s stock, valued at approximately $447,557. This represents a 25.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PCG. Mizuho cut their price target on Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Jefferies Financial Group set a $13.00 target price on Pacific Gas & Electric in a research note on Tuesday, September 1st. Wall Street Zen cut Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Truist Financial lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating and decreased their price target for the stock from $21.00 to $17.00 in a research note on Thursday, September 3rd. Finally, UBS Group reissued a “neutral” rating on shares of Pacific Gas & Electric in a research note on Tuesday, October 13th. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Pacific Gas & Electric currently has a consensus rating of “Hold” and an average target price of $16.46.

Pacific Gas & Electric Company Profile

PG&E Corporation (NYSE: PCG) is the holding company for Pacific Gas and Electric Company, a regulated utility that provides electricity and natural gas delivery services in Northern and Central California. Its operations include maintaining and operating electric transmission and distribution networks, natural gas pipelines, substations, and other infrastructure used to serve residential, commercial, industrial, and agricultural customers.

Pacific Gas and Electric Company serves a broad portion of California, including the San Francisco Bay Area, the Central Valley, and parts of the northern and central regions of the state.