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PG&E PCG Q1 2026 earnings

Reported April 23, 2026 · Before market open

Revenue$6.9BBeat by $622.9MDiluted EPS$0.43Beat by $0.03
Revenue estimate$6.3B
EPS estimate$0.40

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$6.1B
EPS estimate$0.37

Financials

Q1 2026

Income statement

See full
Revenue$6.9B+15.0%
Operating income$1.5B+20.5%
Net income$885.0M+39.6%
EPS (diluted)$0.39+39.3%

Balance sheet

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Cash & equivalents$1.5B-38.1%
Total debt$62.3B+12.8%
Total equity$33.3B+8.4%
Total assets$141.95B+4.8%

Cash flow

See full
Operating cash flow$2.4B-14.7%
CapEx$3.4B+27.4%
Free cash flow-$926.0M-535%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$37.55B+2.5%
Enterprise value$98.38B+9.8%
P/E12.7×-2.5×
P/S1.5×0.0×

Profitability

See full
Operating margin19.4%+1.4pp
Net margin11.4%+1.6pp
FCF margin-16.3%—

Returns & leverage

See full
Return on equity9.2%+0.7pp
Debt / equity1.9×+0.1×
Current ratio1.2×+0.3×

Segments

By product

See full
Electric$5.0B+20.1%
Natural Gas, US Regulated$2.0B-20.4%

Versus estimates

Revenue

Q1 2026$6.9BBeat by $622.9M
Q4 2025$6.8BMiss by $248.6MQ3 2025$6.3BMiss by $160.6MQ2 2025$5.9BMiss by $340.9MQ1 2025$6.0BMiss by $151.9MQ4 2024$6.6BMiss by $587.6M

Diluted EPS

Q1 2026$0.43Beat by $0.03
Q4 2025$0.36Miss by $0.00Q3 2025$0.50Beat by $0.08Q2 2025$0.31Miss by $0.01Q1 2025$0.33Miss by $0.01Q4 2024$0.31Miss by $0.00

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Questions, answered.

When did PG&E report Q1 2026 earnings?
PG&E (PCG) reported Q1 2026 earnings on April 23, 2026 before market open.
What were PG&E's Q1 2026 revenue and EPS?
PG&E reported revenue of $6.9B and diluted EPS of $0.43 for Q1 2026.
Did PG&E beat estimates in Q1 2026?
Revenue beat the consensus estimate of $6.3B by $622.9M. EPS beat the consensus estimate of $0.40 by $0.03.
How did PG&E's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.0% from $6.0B a year earlier and diluted EPS grew 30.3% from $0.33.
Where can I find PG&E's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001004980-26-000032) and the 10-Q periodic report (0001004980-26-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.