PG&E Corporation (PCG) earnings on July 23, 2026
More PG&E Corporation earnings
Prior outlook: Optimistic Outcome: Missed
The stock opened with small gains but reversed sharply, closing down 3.15% after reaching a modest morning high.
PCG price around the earnings
17.54
Change: -3.1%
2026-07-23, 20:00 UTC
Start of the measured window
End of the measured window
17.47
17.73
18.00
18.26
18.11
July 23, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Missed
- Thesis published
- Results released
Positive growth and strong analyst upside, but operational risks from potential power shutoffs persist.
Context analyzed before publication
- Trend
- Trajectory scores are consistently positive and have improved, indicating a moderate run-up into earnings.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.61
- Analysts covering the stock
- 16
- Average price target
- 22.91
- Lowest price target
- 19
- Highest price target
- 28
- Upside to price target
- 26.5%
- Quarterly earnings growth
- 41.4%
- Revenue growth
- 15%
- Forward EPS
- 1.8
- Trailing EPS
- 1.34
- Analyst moves in the last 60 days
- 1
- Strong buy: 3
- Buy: 11
- Hold: 4
- Sell: 0
- Strong sell: 0
- Strong buy
- 3
- Buy
- 11
- Hold
- 4
- Sell
- 0
- Strong sell
- 0
- July 22, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Neutral
- Mentions
- 0
News
Sources (2)
- BMO Capital Maintains Outperform on PG&E, Lowers Price Target to $27 (opens in a new tab) — Benzinga
- Reported Earlier, PG&E Activates Emergency Operations Center And Begins Customer Notifications Ahead Of Potential Public Safety Power Shutoff (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 2.1%
- Distance to 52-week high
- -4.7%
- 14-day change (14d)
- +6.2%
- 30-day change (30d)
- +8.8%
- 30-day relative strength
- +8.3%
- SPY change (30d)
- +0.4%
- Nearest support
- 18.01
- Nearest resistance
- 18.22
- Volume accumulation ratio (14d / 46d)
- 0.81
Trends
Evidence
- Average earnings surprise
- +5.8%
- April 23, 2026: actual EPS 0.43 vs estimate 0.4 (surprise +8.8%)
- February 12, 2026: actual EPS 0.36 vs estimate 0.36 (surprise -1.1%)
- October 23, 2025: actual EPS 0.5 vs estimate 0.43 (surprise +17.3%)
- July 31, 2025: actual EPS 0.31 vs estimate 0.32 (surprise -1.9%)
Expected move
- Implied move
- +6.3%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 1.3%
- 75th percentile move
- 1.8%
- 90th percentile move
- 2.8%
- Up / down moves
- 6 / 14
- Average up move
- +1.4%
- Average down move
- -1.5%
Monitoring and close
What PG&E Corporation reported
- Status
- Finished
| Actual EPS | 0.4 |
|---|---|
| EPS estimate | 0.36 |
| EPS surprise | +11.1% |
| Revenue | $5,902 million |
| Revenue estimate | $6,181 million |
| Revenue surprise | -4.5% |
PG&E beats Q2 earnings estimates, but revenue falls short. Reaffirms FY2026 guidance. Shares edge higher in premarket.
Sources (13)
- PG&E Corp (PCG) Q2 2026 Earnings Call Highlights: Strong EPS Growth and Strategic Capital ... (opens in a new tab) — GuruFocus.com
- PG&E Corporation (PCG) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
- PG&E Q2 2026 Earnings Call: Complete Transcript (opens in a new tab) — Benzinga
- PG&E Q2 Earnings Surpass Estimates, Revenues Increase Y/Y (opens in a new tab) — Zacks
- PG&E tops earnings estimates while revenue falls short in second quarter (NYSE:PCG) (opens in a new tab) — InvestorsHub
- PG&E Corp (NYSE:PCG) Surges After Earnings Beat, Reinforcing Quality Utility Stability (opens in a new tab) — ChartMill
- PG&E (PCG) Beats Q2 Earnings Estimates (opens in a new tab) — Zacks
- PG&E Profit Rises from Lower Costs on Flat Revenue (opens in a new tab) — The Wall Street Journal
- PG&E Affirms FY2026 Adj EPS Guidance of $1.64-$1.66 vs $1.65 Est (opens in a new tab) — Benzinga
- PG&E Q2 Adj. EPS $0.40 Beats $0.36 Estimate, Sales $5.902B Miss $6.181B Estimate (opens in a new tab) — Benzinga
- PG&E Corporation Reports Second Quarter 2026 Results; On Track to Deliver Solid 2026 (opens in a new tab) — Yahoo
- Intel Earnings, New Home Sales: What to Watch the Rest of the Week (opens in a new tab) — The Wall Street Journal
- PG&E reported adjusted earnings of $0.40 per share, beating the $0.36 estimate, but revenue of $5.902B missed the $6.181B forecast. — Benzinga
Pre-market second reading after the results
- Verdict
- Mixed results
Heading into the open, the figures don't clearly confirm the prior scenario.
How the stock reacted
- Outcome
- Missed
- Consolidated
- -3.1%
- Max favorable move (MFE)
- 0.2%
- Max adverse move (MAE)
- 3.6%