At the archive date, PG&E Corp was expected to release its Q3 2026 10-Q filing on October 21, 2026. Last quarter: In Q2 FY2026, PG&E Corporation reported essentially flat revenue of $5.902B but increased operating income 15.2% to $1.263B and income available for common shareholders 41% to $733M, while wildfire-cost recovery, regulatory outcomes, and rising leverage remained material considerations. Source: 10-Q Item 2 MD&A, pp.12-13.
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the PCG page for retained reports.
What to Watch in Q3 2026
Drawn from management commentary in the Q2 2026 10-Q:
Operating income grew despite flat quarterly revenue
Utility operating revenues increased by $4M year over year to $5.902B in Q2 FY2026, while operating income rose $160M, or 15%, to $1.262B. The revenue change included $201M of higher electricity-cost recovery revenues, which are passed through to customers and do not affect net income, partly offset by about $180M less interim rate relief from the 2023 WMCE proceeding.
Lower operating and maintenance expense supported earnings
Utility operating and maintenance expense decreased $317M, or 11%, year over year in Q2 FY2026, to $2.537B. This reduction was a principal contributor to the $160M increase in Utility operating income.
Utility income available for common stock rose 36%
Utility income available for common stock increased $219M, or 36%, to $827M in Q2 FY2026, while PG&E Corporation's consolidated income available for common shareholders increased $212M, or 41%, to $733M. The parent-company result remains reduced by interest expense on PG&E Corporation long-term debt.