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PG&E Q4 Earnings in Line With Estimates, Revenues Increase Y/Y
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Key Takeaways
PG&E Q4 2025 adjusted EPS of 36 cents matched estimates and rose 16.1% Y/Y.
PG&E 2025 revenues rose to $24.94B, while operating income increased to $4.75B.
PG&E narrowed 2026 EPS guidance to $1.64-$1.66, above consensus of $1.63.
PG&E Corporation (PCG - Free Report) reported fourth-quarter 2025 adjusted earnings per share (EPS) of 36 cents, which were in line with the Zacks Consensus Estimate. The bottom line increased 16.1% from the year-ago quarter’s figure of 31 cents.
The company reported GAAP earnings of 29 cents per share, which decreased 3.3% from the prior-year quarter’s figure of 30 cents.
PCG reported 2025 adjusted earnings of $1.50 per share, which were higher than the year-ago figure of $1.36. The full-year bottom line was also in line with the Zacks Consensus Estimate.
PCG’s 2025 Revenues
The company reported revenues of $24.94 billion in 2025, which were higher than $24.42 billion in 2024. The full-year top-line figure missed the Zacks Consensus Estimate of $25.33 billion.
Pacific Gas & Electric Co. Price, Consensus and EPS Surprise
Duke Energy Corporation's (DUK - Free Report) fourth-quarter 2025 earnings of $1.50 per share lagged the Zacks Consensus Estimate of $1.51 by 0.6%. The bottom line also declined 9.6% from $1.66 reported in the year-ago quarter.
Total operating revenues were $7.94 billion, which beat the Zacks Consensus Estimate of $7.66 billion by 3.9%. The top line also increased 7.9% from $7.36 billion in the year-ago period.
Xcel Energy Inc. (XEL - Free Report) reported fourth-quarter 2025 operating earnings of 96 cents per share, which lagged the Zacks Consensus Estimate of 97 cents by a penny. However, the bottom line surpassed the year-ago quarter’s figure by 18.5%.
Revenues of $3.56 billion missed the Zacks Consensus Estimate of $3.72 billion by 4.4%. However, the figure increased 14.1% from the year-ago quarter’s $3.12 billion.
National Fuel Gas Company (NFG - Free Report) reported first-quarter fiscal 2026 adjusted operating earnings of $2.06 per share, which beat the Zacks Consensus Estimate of $1.91 by 7.85%. The bottom line also increased 24.1% from the year-ago quarter’s reported figure of $1.66.
NFG reported sales of $651.5 million, which beat the Zacks Consensus Estimate of $647 million by 0.7%. The top line also increased 18.6% from the prior-year recorded figure of $549.5 million.
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PG&E Q4 Earnings in Line With Estimates, Revenues Increase Y/Y
Key Takeaways
PG&E Corporation (PCG - Free Report) reported fourth-quarter 2025 adjusted earnings per share (EPS) of 36 cents, which were in line with the Zacks Consensus Estimate. The bottom line increased 16.1% from the year-ago quarter’s figure of 31 cents.
The company reported GAAP earnings of 29 cents per share, which decreased 3.3% from the prior-year quarter’s figure of 30 cents.
PCG reported 2025 adjusted earnings of $1.50 per share, which were higher than the year-ago figure of $1.36. The full-year bottom line was also in line with the Zacks Consensus Estimate.
PCG’s 2025 Revenues
The company reported revenues of $24.94 billion in 2025, which were higher than $24.42 billion in 2024. The full-year top-line figure missed the Zacks Consensus Estimate of $25.33 billion.
Pacific Gas & Electric Co. Price, Consensus and EPS Surprise
Pacific Gas & Electric Co. price-consensus-eps-surprise-chart | Pacific Gas & Electric Co. Quote
Operational Highlights of PCG
Total operating expenses in 2025 were $20.19 billion, which increased 1.1% from the prior-year figure.
The company reported an operating income of $4.75 billion compared with $4.46 billion a year ago.
Interest expenses totaled $3.03 billion compared with $3.05 billion in the previous year.
Financial Condition of PCG
As of Dec. 31, 2025, cash and cash equivalents totaled $0.71 billion compared with $0.94 billion as of Dec. 31, 2024.
The net cash flow from operating activities amounted to $8.72 billion during 2025 compared with $8.04 billion at the end of 2024.
Capital expenditures totaled $11.79 billion compared with $10.37 billion in 2024.
As of Dec. 31, 2025, the company’s long-term debt amounted to $57.39 billion compared with $53.57 billion as of Dec. 31, 2024.
PCG’s 2026 Guidance
PG&E now expects to generate adjusted earnings in the range of $1.64-$1.66 per share, narrower than its earlier guided range of $1.62-$1.66.
The Zacks Consensus Estimate for 2026 earnings, pegged at $1.63 per share, is lower than the company’s guided range.
PCG’s Zacks Rank
PG&E currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
Duke Energy Corporation's (DUK - Free Report) fourth-quarter 2025 earnings of $1.50 per share lagged the Zacks Consensus Estimate of $1.51 by 0.6%. The bottom line also declined 9.6% from $1.66 reported in the year-ago quarter.
Total operating revenues were $7.94 billion, which beat the Zacks Consensus Estimate of $7.66 billion by 3.9%. The top line also increased 7.9% from $7.36 billion in the year-ago period.
Xcel Energy Inc. (XEL - Free Report) reported fourth-quarter 2025 operating earnings of 96 cents per share, which lagged the Zacks Consensus Estimate of 97 cents by a penny. However, the bottom line surpassed the year-ago quarter’s figure by 18.5%.
Revenues of $3.56 billion missed the Zacks Consensus Estimate of $3.72 billion by 4.4%. However, the figure increased 14.1% from the year-ago quarter’s $3.12 billion.
National Fuel Gas Company (NFG - Free Report) reported first-quarter fiscal 2026 adjusted operating earnings of $2.06 per share, which beat the Zacks Consensus Estimate of $1.91 by 7.85%. The bottom line also increased 24.1% from the year-ago quarter’s reported figure of $1.66.
NFG reported sales of $651.5 million, which beat the Zacks Consensus Estimate of $647 million by 0.7%. The top line also increased 18.6% from the prior-year recorded figure of $549.5 million.