While reporting financial results for the fourth quarter on Thursday, utility PG&E Corp. (PCG) said it now expects core earnings for the full-year 2026 in the range of $1.64 to $1.66 per share, compared to the prior forecast range of $1.62 to $1.66 per share.
On average, 16 analysts polled by Thomson Reuters expect the company to report earnings of $1.50 per share for the year. Analysts' estimates typically exclude special items.
For the fourth quarter, the company reported net income of $642 million or $0.29 per share, down from $647 million or $0.30 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter was $787 million or $0.36 per share, compared to $658 million or $0.31 per share in the prior-year quarter. The Street was looking for earnings of $0.36 per share for the quarter.
In Thursday's pre-market trading, PCG is trading on the NYSE at $16.74, down $0.35 or 2.08 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.