PG&E Corporation (PCG) reported a year-over-year increase in second-quarter 2026 financial results.
The utility posted GAAP earnings of $0.33 per share. This represents an increase from $0.24 per share in the second quarter of 2025. Non-GAAP core earnings reached $0.40 per share. Core earnings stood at $0.31 per share in the prior-year period.
The company reaffirmed its 2026 non-GAAP core earnings guidance of $1.64 to $1.66 per share. Non-GAAP core earnings for the first half of 2026 totaled $0.83 per share.
PG&E constructed 37 miles of underground powerlines during the quarter. The utility also installed 100 miles of strengthened poles and covered powerlines in high fire-risk areas.