PG&E Q3 Adjusted Earnings, Revenue Fall; 2026, 2027 Non-GAAP EPS Outlook Reaffirmed

MT newswire2026/10/22 10:27

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06:27 AM EDT, 10/22/2026 (MT Newswires) -- PG&E (PCG) reported Q3 adjusted earnings Thursday of $0.41 per share, down from $0.50 a year earlier. Analysts surveyed by FactSet expected $0.41. Revenue for the quarter ended Sept. 30 was $6.19 billion, down from $6.25 billion a year earlier. Analysts expected $6.82 billion. The company reaffirmed its 2026 non-GAAP EPS guidance of $1.64 to $1.66 and its 2027 non-GAAP EPS guidance of $1.78 to $1.82. Analysts expect $1.65 and $1.80, respectively. Shares of the company were down over 2% in Thursday premarket activity.

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Well-known investor Steve Eisman has publicly criticized Anthropic, stating that the financial data in its prospectus submitted on October 26 only covers up to June, deliberately concealing the latest quarterly information. He cited data showing that Anthropic’s quarterly revenue growth rate sharply dropped from 144% in the second quarter to 45% in the third quarter, indicating a significant slowdown in growth momentum, while the cost structure simultaneously deteriorated.

华尔街见闻•2026/10/29 20:44