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PG&E PCG Q1 2026 earnings

Reported April 23, 2026 · Before market open

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

Next report

Oct 22, 2026 (in 2 months)
Revenue estimate$6.8B
EPS estimate$0.46

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

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

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$38.62B+2.5%
Enterprise value$99.45B+9.8%
P/E13.1×-2.6×
P/S1.5×0.0×

Profitability

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

Returns & leverage

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

Segments

By product

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

FAQ

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 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 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.