Analysts expect PG&E to report a Q1 consensus revenue of $6.31 billion and earnings of $0.39 per share, as the stock currently trades around $17.35 against an average price target of $22.82.
Investors are primarily focused on the company’s ability to execute its $73 billion five-year capital plan while maintaining its 2-4% post-inflation O&M savings target to ensure customer affordability.
Management recently tightened its full-year 2026 core EPS guidance to a range of $1.64-$1.66, representing 10% year-over-year growth fueled by rate base expansion and wildfire resiliency investments.
Market participants will also closely monitor updates regarding the California wildfire fund's stability and the regulatory progress of data center interconnections as AI-driven demand surges in the region.