PG&E gains on tighter 2026 profit forecast

PG&E

12/02/2026 16:04

Updates

** Shares of California-based utility PG&E PCG.N up 4.4% to $17.85

** Tightens forecast for adj. core earnings per share to between $1.64 and $1.66 for 2026, vs previous forecast of $1.62 to $1.66

** Co raises lower end of its forecast range on strong power demand driven by data centers and broader load growth

** Posts Q4 adj. profit per share of 36 cents vs analysts' estimates of 37 cents - LSEG data

** In 2025, PCG fell 20.4%

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))