PG&E reported Q1 2026 adjusted EPS $0.43 beating $0.39 consensus, revenue $6.88bn up 15% YoY and $0.5bn above estimates.
Shares rose about 2% in pre‑market trading as investors welcomed the beat and reaffirmed full‑year 2026 EPS guidance of $1.64‑$1.66.
The utility reduced residential bundled rates 23% for CARE customers and 13% for other customers since January 2024.
PG&E won NRC approval to extend Diablo Canyon 20 years and added 31 miles underground lines and 44 miles poles.