PG&E Q4 2025 slides: Fourth year of double-digit growth, $73B capital plan unveiled

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PG&E Corporation reported its fourth consecutive year of double-digit earnings growth in Q4 2025, with full-year core EPS reaching $1.50, a 10% increase from 2024. Despite a slight miss on Q4 earnings estimates, the company announced an ambitious $73 billion five-year capital plan aimed at enhancing system safety and reliability without needing common equity issuance. PG&E also raised its 2026 core EPS guidance, anticipating continued growth driven by strategic investments and improved operational efficiency.

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