PG&E Q3 2026 net income falls 9% to $776 million
PCG•PG&E’s third-quarter 2026 net income fell 9% to $776 million, while non-GAAP core earnings per share declined 18% year over year to $0.41. The company maintained its 2026 and 2027 core EPS guidance and is implementing a previously announced $2 billion reduction to its 2027 capital plan.
1. Quarterly results and outlook
PG&E reported third-quarter 2026 non-GAAP core earnings per share of $0.41, down 18% year over year. Full-year non-GAAP core EPS guidance remains $1.64–$1.66 for 2026 and $1.78–$1.82 for 2027.
2. Capital and wildfire plans
The company is implementing a previously announced $2 billion reduction to its 2027 capital plan. A proposed 5,000-mile undergrounding plan targets a 98% reduction in wildfire risk on lines moved underground.
