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Investing.com -- PG&E Corp. reported stronger-than-expected third-quarter earnings, while revenue missed consensus estimates. The utility also narrowed its 2025 guidance range and introduced its outlook for 2026.
Shares in PG&E rose around 1% in premarket trading Thursday.
For the third quarter, the company posted earnings per share (EPS) of $0.50, surpassing analyst expectations of $0.43. Revenue totaled $6.25 billion, up from $5.94 billion in the year-ago period, and below the $6.41 billion consensus estimate.
The company narrowed its full-year 2025 earnings guidance to a range of $1.49 to $1.51 per share, compared with its previous outlook of $1.48 to $1.52, in line with the consensus of $1.50.
For 2026, PG&E expects earnings of $1.62 to $1.66 per share, versus analyst estimates of $1.63.
It also reaffirmed its longer-term target of at least 9% annual non-GAAP core EPS growth from 2027 through 2030.