Pacific Gas & Electric (NYSE:PCG) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Pacific Gas & Electric (NYSE:PCG) posted its earnings results on Thursday. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04, FiscalAI reports. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.20 billion. Pacific Gas & Electric had a return on equity of 11.28% and a net margin of 10.84%.The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Pacific Gas & Electric updated its FY 2026 guidance to 1.640-1.660 EPS.

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

• PG&E reported first-quarter core EPS of $0.43, reaffirmed full-year 2026 core EPS guidance of $1.64–$1.66 and 9%+ annual EPS growth through 2027–2030, and said no new common equity will be needed through 2030.
• The company highlighted continued progress on affordability, implementing its fifth rate reduction since January 2024 — bundled rates down 23% for most vulnerable customers and 13% for other residential customers.
• PG&E’s continuous monitoring program prevented ~16 million unplanned customer outage minutes (12M in 2025, 4M in Q1 2026), produced 1,484 “good catches,” and drove estimated savings (~$8M capital, ~$1M expense).
• Wildfire liability reform remains a material uncertainty — executives warned that an insufficient legislative outcome could force a reevaluation of capital allocation and leave shareholders exposed to tail risk (including potential required contributions).
• Large-load momentum: 4.6 GW in final engineering, >10 GW of interest from the latest cluster study, and CAISO awarded ~$4.16B of transmission projects to PG&E, but timing and conversion to construction remain uncertain.

Pacific Gas & Electric Stock Performance

Shares of Pacific Gas & Electric stock opened at $16.89 on Friday. The company has a 50 day moving average of $17.95 and a 200-day moving average of $16.62. The company has a market cap of $37.11 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.64 and a beta of 0.34. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 1.84. Pacific Gas & Electric has a 1-year low of $12.97 and a 1-year high of $19.16.

Pacific Gas & Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.05 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. Pacific Gas & Electric’s payout ratio is presently 16.95%.

Insiders Place Their Bets

In other news, EVP Carla J. Peterman sold 31,786 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $18.31, for a total transaction of $582,001.66. Following the completion of the transaction, the executive vice president owned 195,091 shares of the company’s stock, valued at approximately $3,572,116.21. The trade was a 14.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Simon sold 45,607 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $18.00, for a total value of $820,926.00. Following the sale, the executive vice president owned 392,303 shares of the company’s stock, valued at approximately $7,061,454. This represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 84,286 shares of company stock worth $1,528,746 over the last three months. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PCG. Pinebridge Investments LLC acquired a new stake in shares of Pacific Gas & Electric during the fourth quarter worth $28,967,000. Brown Brothers Harriman & Co. boosted its position in shares of Pacific Gas & Electric by 908.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 5,962 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Pacific Gas & Electric by 59.5% in the 4th quarter. Captrust Financial Advisors now owns 468,091 shares of the utilities provider’s stock valued at $7,522,000 after buying an additional 174,564 shares during the period. State of Tennessee Department of Treasury increased its position in Pacific Gas & Electric by 3.6% in the 2nd quarter. State of Tennessee Department of Treasury now owns 447,708 shares of the utilities provider’s stock valued at $6,241,000 after buying an additional 15,473 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in Pacific Gas & Electric by 499.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock worth $6,037,000 after buying an additional 360,845 shares during the period. Institutional investors own 78.56% of the company’s stock.

More Pacific Gas & Electric News

Here are the key news stories impacting Pacific Gas & Electric this week:

• Positive Sentiment: Q1 beat and top?line strength — PCG reported $0.43 EPS vs. ~$0.39 consensus and revenue of $6.88B (+15% Y/Y); operating income rose materially, signaling improving profitability. PG&E Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Revenue/profit tailwinds tied to commercial demand — coverage notes PG&E benefited from increased load tied to data?center/AI activity in California, supporting near?term revenue growth. PG&E Revenue, Profit Rises
• Positive Sentiment: Analyst support and price targets — multiple firms maintain buy/overweight views and median 12?month targets are well above the current share price, which could provide upside if operational momentum continues. PG&E ($PCG) Releases Q1 2026 Earnings
• Neutral Sentiment: FY?2026 guidance essentially in?line — PCG set EPS guidance of 1.640–1.660, roughly matching the consensus (~1.65). Guidance keeps estimates steady but doesn’t materially change the outlook. PG&E Corporation Reports First Quarter 2026 Results; On Track to Deliver Solid 2026
• Neutral Sentiment: Earnings?call detail and reform commentary — management discussed growth, reform and risk mitigation; useful context but not a clear directional catalyst by itself. PG&E Corporation (NYSE:PCG) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Accounting/reporting risk disclosure — analysis flags that one?segment reporting may mask line?of?business volatility and emerging credit and wildfire exposures, which could raise uncertainty for investors and credit markets. PG&E’s One-Segment Reporting Masks Business-Line Risk, Volatility and Emerging Credit and Wildfire Exposures
• Negative Sentiment: Insider sales and large institutional reductions — recent filings show notable insider selling and major funds trimmed positions materially in Q4, which can weigh on sentiment even after a beat. PG&E ($PCG) Releases Q1 2026 Earnings

Analyst Ratings Changes

A number of research analysts have commented on the company. Mizuho set a $21.00 price objective on Pacific Gas & Electric in a report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Pacific Gas & Electric in a report on Friday, March 27th. Morgan Stanley set a $23.00 target price on shares of Pacific Gas & Electric in a research report on Friday, February 20th. Wall Street Zen downgraded shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $19.00 price objective (down from $20.00) on shares of Pacific Gas & Electric in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

About Pacific Gas & Electric

Pacific Gas & Electric (NYSE: PCG) is an investor-owned utility holding company whose principal operating subsidiary, Pacific Gas and Electric Company, provides electricity and natural gas service in northern and central California. The company’s core activities include the generation, procurement, transmission and distribution of electric power, as well as the transmission and distribution of natural gas. PG&E serves a broad mix of residential, commercial, and industrial customers across urban and rural communities within its California service territory.

PG&E’s operations encompass utility infrastructure planning and construction, grid operations, customer service and energy procurement.