PCG

It has been about a month since the last earnings report for OGE Energy (OGE). Shares have lost about 2.6% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is OGE Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. OGE Energy’s Q2 Earnings Miss Estimates, Revenues Decline Y/YThe company reported second-quarter 2026 earnings of 56 cents per share, up 5.7% from 53 cents in the year-ago period. The bottom line missed the Zacks Consensus Estimate of 57 cents by 1.8%. OGE’s operating revenues of $711.9 million decreased 4% from $741.6 million recorded in the prior-year quarter. The top line missed the Zacks Consensus Estimate of $781 million by 8.8%. Total sales in the reported quarter were 8.8 million megawatt-hours (MWh), up from 8.1 million MWh in the prior-year quarter. The company’s customer count rose 0.9% to 917,157.In the second quarter of 2026, the cost of fuel, purchased power and direct transmission decreased 16.6% to $217.7 million from $261.1 million in the prior year.Total operating expenses in the second quarter of 2026 rose 3% to $302.6 million, primarily driven by higher other operation and maintenance expenses.Operating income totaled $191.6 million in the second quarter of 2026, up 2.7% from the year-ago level of $186.6 million. As of June 30, 2026, OGE Energy had cash and cash equivalents of $0.9 million compared with $0.2 million reported at the end of 2025.Long-term debt stood at $5.60 billion as of June 30, 2026, compared with $5.37 billion as of Dec. 31, 2025.During the first six months of 2026, OGE generated cash from operating activities worth $511.4 million compared with the year-ago figure of $354.5 million. The company still expects to generate earnings in the range of $2.38-$2.48 per share. The Zacks Consensus Estimate is pegged at $2.42, which is just below the midpoint of the company’s guided range. In the past month, investors have witnessed a flat trend in estimates revision. Currently, OGE Energy has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Charting a somewhat similar path, the stock has a score of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. OGE Energy has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. OGE Energy belongs to the Zacks Utility - Electric Power industry. Another stock from the same industry, PG&E (PCG), has gained 1% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. PG&E reported revenues of $5.9 billion in the last reported quarter, representing a year-over-year change of +0.1%. EPS of $0.40 for the same period compares with $0.31 a year ago. PG&E is expected to post earnings of $0.46 per share for the current quarter, representing a year-over-year change of -8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. PG&E has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report OGE Energy Corporation (OGE) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

A month has gone by since the last earnings report for FirstEnergy (FE). Shares have lost about 4.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is FirstEnergy due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for FirstEnergy Corporation before we dive into how investors and analysts have reacted as of late. FirstEnergy Q2 Earnings Beat Estimates on Strong Transmission GrowthFirstEnergy reported second-quarter 2026 adjusted earnings of 50 cents per share, which beat the Zacks Consensus Estimate of 49 cents by 2.04%. In the year-ago quarter, the company reported earnings of 52 cents per share. FE’s reported GAAP earnings of 50 cents per share in the second quarter of 2026 compared with 46 cents in the year-ago quarter. Core earnings in the Distribution segment declined 6 cents in the second quarter of 2026 due to higher maintenance expenses, while the Stand-Alone Transmission segment benefited from an 11% increase in transmission rate base, boosting earnings by 4 cents. Operating revenues of $3.68 billion beat the Zacks Consensus Estimate of $3.56 billion by 3.43%. The top line increased 8.82% from $3.38 billion recorded in the year-ago quarter. Distribution: Revenues from this segment totaled $1.71 billion, up 2.3% from the prior-year quarter’s level. Electric revenues increased $44 million, while other revenues declined $5 million.Integrated: Revenues from this segment amounted to $1.43 billion, up 13.7% from the prior-year quarter. The increase was driven by a $130 million rise in revenues from contracts with customers and a $43 million increase in other revenues unrelated to contracts with customers.Stand-Alone Transmission: Revenues from this segment amounted to $544 million, up 19.30% from the prior-year quarter’s level, driven by rate base growth, the recovery of transmission operating costs and annual formula-rate true-ups. Total operating expenses were $3 billion, up 9.77% from the year-ago quarter's level of $2.73 billion. Purchased-power costs rose to $1.16 billion from $953 million, while other operating expenses increased to $1.17 billion from $995 million.Operating income nevertheless increased 4.8% to $677 million as revenue growth exceeded the rise in operating costs. Interest expense climbed to $337 million from $299 million due to new long-term debt and convertible note issuances, net of repayments. Total contracted and pipeline data center demand reached 24.8 gigawatts (GW), up about 30% from the first quarter. West Virginia demand increased 137% to 4.3 GW, supporting the company's evaluation of additional generation, transmission and distribution investments.FE expects another 1.5 GW of demand to be contracted shortly. Management is also advancing the proposed 1.2-GW Maidsville Energy Center and 70 megawatts of solar generation in West Virginia. FirstEnergy deployed $2.9 billion of capital through the first half of 2026, up 19% year over year. Total transmission rate base grew 14%, including increases of 22% in Integrated and 11% in Stand-Alone Transmission.As of June 30, 2026, cash and cash equivalents were $63 million compared with $57 million as of Dec. 31, 2025. As of June 30, 2026, long-term debt increased to $27.1 billion from $25.51 billion at year-end 2025. Short-term borrowings also climbed to $1.38 billion from $325 million.FE and its subsidiaries maintain investment-grade ratings across all three major credit rating agencies. FirstEnergy reaffirmed its 2026 core earnings guidance of $2.62 to $2.82 per share. The Zacks Consensus Estimate for 2026 is currently pegged at $2.73 per share.FirstEnergy remains on track to invest $6 billion in 2026 under its Energize365 program. The company also maintained its $36 billion capital plan for 2026-2030 and continues to expect core earnings growth near the top end of its 6-8% target range through 2030. In the past month, investors have witnessed a flat trend in estimates revision. At this time, FirstEnergy has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the second quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. FirstEnergy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. FirstEnergy belongs to the Zacks Utility - Electric Power industry. Another stock from the same industry, PG&E (PCG), has gained 2.9% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. PG&E reported revenues of $5.9 billion in the last reported quarter, representing a year-over-year change of +0.1%. EPS of $0.40 for the same period compares with $0.31 a year ago. For the current quarter, PG&E is expected to post earnings of $0.46 per share, indicating a change of -8% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for PG&E. Also, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FirstEnergy Corporation (FE) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

PG&E stock has delivered a 101.3% return over the past 5 years, yet current valuation checks paint a mixed picture rather than a clear bargain or clear premium. With fresh headlines around grid resilience and wildfire policy, the question for investors is how much of that story is already reflected in the share price. The 101.3% 5 year return points to a recovery story that may already embed higher expectations into PG&E’s market value. Expansion of PG&E’s Vehicle to Everything program can support views on long term earnings resilience, while ongoing wildfire related policy debates may sustain a higher perceived risk profile and keep a lid on valuation multiples. On a broad set of valuation checks, PG&E screens as a mixed picture rather than clearly cheap or expensive, with a value score of 4 out of 6 that leans slightly toward undervalued on certain market multiples. The issue now is whether PG&E’s recent share price performance and mixed valuation signals still leave enough upside potential to justify new capital at today’s levels. Position your PG&E thesis alongside other grid and infrastructure ideas by scanning a hand picked set of 38 power grid technology and infrastructure stocks. The P/E multiple is a reasonable cross check for PG&E because earnings are a key focus for regulated utilities. PG&E trades on a P/E of about 13.1x, which is below both the electric utilities industry average of 20.3x and the peer group average of 18.4x. For a stock in this sector, that is a clear discount on headline earnings. The tailored fair P/E ratio for PG&E is estimated at 24.9x. This figure reflects what investors might typically pay given its sector, size and risk profile. Compared with the current 13.1x, the gap indicates the stock appears undervalued on this framework, even as headlines around wildfire policy and grid programs such as the expanded Vehicle to Everything rollout keep risk perceptions elevated. On the P/E multiple alone, PG&E stock appears undervalued relative to both industry norms and its own fair value benchmark. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for PG&E aim to connect this valuation puzzle to the assumptions that sit behind it. They set out what would need to happen to PG&E's growth, margins and earnings for the stock to be worth materially more or less than today's price, and they sit on Simply Wall St's Community page. Where a single ratio or model points to one outcome, these narratives unpack the future it relies on so you can see whether it is actually playing out. You can add your own Narrative on PG&E's stock to the Simply Wall St community and set out a number driven view on whether developments like the expanded Vehicle to Everything program ultimately support the current valuation. Share the key assumptions you think matter most, and track how they hold up as new results and policy decisions emerge. Do you think there's more to the story for PG&E? Head over to our Community to see what others are saying! PG&E looks undervalued on earnings based on its current P/E gap to sector and peer benchmarks, yet broader checks still point to a mixed verdict rather than a clear bargain. That discount only becomes attractive if the company can steadily convert its grid and wildfire initiatives into consistent, defensible earnings while keeping perceived risk contained. The key question from here is whether the market eventually re rates the P/E higher, or whether ongoing policy and operational risks indicate that current pricing is already fair for PG&E stock. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PCG. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Pinnacle West Capital PNW is strengthening efficiency through disciplined cost management and tighter control of operating expenses. These efforts support financial stability while creating more flexibility to fund infrastructure investments.PNW’s operations and maintenance (O&M) expenses fell 1.1% year over year to $283.4 million in the second quarter, while first-half 2026 O&M costs declined 4.5% from the prior-year period. The company expects 2026 adjusted core O&M of $970-$980 million, while adjusted O&M, excluding renewable energy and demand-side-management costs, is projected at $1.02-$1.04 billion.Pinnacle West Capital also remains committed to reducing O&M expenses on a per-megawatt-hour basis over time. PNW’s cost control is increasingly important as it plans to invest $2.6 billion in 2026 and nearly $7.95 billion through 2028 to support infrastructure and 7-9% rate-base growth.By lowering costs, PNW can improve earnings and capture greater benefits from its expanding customer base and rising electricity demand. The company expects 2026 earnings per share (EPS) of $4.55-$4.75 and 5-7% long-term EPS growth. The company is also pursuing cost-effective projects. Its planned conversion of the Cholla plant will repurpose existing infrastructure to provide about 380 megawatts of dispatchable generation by 2029, helping meet rising demand without building an entirely new facility. Overall, PNW’s stable O&M costs amid rising demand and infrastructure investment are positive, while continued efficiency and regulatory recovery could support margins and long-term growth. Utilities that control operating costs can improve margins, preserve financial flexibility, fund infrastructure investments and maintain affordable customer rates. Effective cost management also strengthens operations and supports sustainable earnings growth. Alongside PNW, several other utilities also demonstrate strong cost management as highlighted below:American Electric Power AEP expects up to $16 billion in cost offsets from load growth, helping spread fixed costs while supporting customer affordability and long-term earnings growth. PG&E Corporation PCG expects to meet its 2026 target of reducing non-fuel O&M costs by 2-4%, supporting both customer affordability and greater operating efficiency. The Zacks Consensus Estimate for 2026 and 2027 EPS indicates a decrease of 6.53% and an increase of 17.90%, respectively, year over year. Image Source: Zacks Investment Research PNW is trading at a premium to the industry, with a forward 12-month price-to-earnings ratio of 18.92X versus the industry average of 15.42X. Image Source: Zacks Investment Research In the past six months, Pinnacle West Capital’s shares have plunged 2% compared with the industry’s 7.9% fall. Image Source: Zacks Investment Research PNW currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pinnacle West Capital Corporation (PNW) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report American Electric Power Company, Inc. (AEP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Evergy, Inc. EVRG reported second-quarter 2026 adjusted earnings of 88 cents per share, which beat the Zacks Consensus Estimate of 82 cents by 7.3%. Earnings increased 7.3% from 82 cents in the year-ago quarter. Quarterly revenues totaled $1.50 billion, which surpassed the Zacks Consensus Estimate of $1.48 billion by 1.7%. The top line also increased 4.4% from the year-ago figure of $1.44 billion. Evergy Inc. price-consensus-eps-surprise-chart | Evergy Inc. Quote Total operating expenses jumped 2.4% year over year to $1.12 billion. Fuel and purchased-power costs declined slightly to $328.5 million from $330.4 million.Operating and maintenance expenses rose 2.3% to $260.9 million. Depreciation and amortization increased 5.5% to $304.3 million.Interest expenses totaled $165.9 million, up 7.9% year over year. Evergy Kansas Central’s operating revenues improved 4.9% to $769.5 million from $733.5 million in the year-ago quarter. Net income attributable to the business rose to $138.1 million from $120.4 million.Operating income increased 13.7% to $206.1 million from $181.2 million. Fuel and purchased-power costs declined to $102 million from $117.5 million. These savings were partly offset by higher operating and maintenance expenses, transmission costs and depreciation. Evergy Metro generated operating revenues of $488.7 million, up 3.7% from $471.2 million in the prior-year quarter. Net income increased to $78.7 million from $68.8 million.Operating income rose 11.8% to $126.5 million from $113.1 million. Fuel and purchased-power expenses increased modestly to $146.1 million, while operating and maintenance expenses dropped to $75.4 million from $78.6 million. Cash and cash equivalents as of June 30, 2026 totaled $21.8 million compared with $19.8 million as of Dec. 31, 2025.Long-term debt as of June 30, 2026 was $12.32 billion compared with $13.04 billion as of Dec. 31, 2025.Cash provided by operating activities in the first six months of 2026 was $711.1 million compared with $773.5 million in the year-ago period. Evergy reaffirmed its 2026 adjusted EPS guidance in the range of $4.14-$4.34. The Zacks Consensus Estimate is pegged at $4.25, which is just higher than the midpoint of the company’s guided range.The company expects its adjusted EPS annual growth target of 6-8% through 2030. Evergy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter.PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%.Edison International EIX reported second-quarter 2026 core earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 by 51%. The bottom line surged 58.8% from 97 cents in the year-ago quarter.Edison International's second-quarter operating revenues totaled $4.36 billion, which missed the Zacks Consensus Estimate of $4.72 billion by 7.7%. The top line also decreased 4.1% from the year-ago quarter’s figure of $4.54 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Evergy Inc. (EVRG) : Free Stock Analysis Report Edison International (EIX) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report IDACORP, Inc. (IDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

NRG Energy, Inc. NRG reported second-quarter 2026 adjusted earnings of $1.49 per share, which missed the Zacks Consensus Estimate of $1.66 by 10.2%. The bottom also line declined 11.3% from $1.68 in the year-ago quarter. Total revenues were $7.48 billion, which beat the Zacks Consensus Estimate of $5.89 billion by 27%. The top line also increased 11% from the prior-year quarter’s level of $6.74 billion. NRG Energy, Inc. price-consensus-eps-surprise-chart | NRG Energy, Inc. Quote The company recorded adjusted EBITDA of $1.22 billion in the second quarter, up 33.9% from $0.91 billion registered a year ago.Total operating costs and expenses were $6.54 billion, down 2.9% from $6.74 billion in the year-ago quarter.Operating income in the second quarter totaled $976 million.Through July 31, 2026, NRG completed $932 million in share repurchases and distributed $202 million in common stock dividends. In 2026, the company plans to return $1 billion through share repurchases and common stock dividends of around $407 million. NRG advanced its Bring Your Own Power strategy with a global cloud and artificial intelligence hyperscaler. The parties are aligned on principal commercial terms for developing a 1.2-gigawatt combined-cycle natural gas generation facility in Texas, subject to final documentation and approvals.The company also achieved commercial operations at the 415-megawatt T.H. Wharton facility. Its two other Texas Energy Fund projects remained on schedule and within budget. As of June 30, 2026, NRG had cash and cash equivalents worth $0.16 billion compared with $4.71 billion as of Dec. 31, 2025.As of June 30, 2026, long-term debt and finance leases amounted to $21.74 billion compared with $16.41 billion as of Dec. 31, 2025.Cash provided by operating activities in the first six months of 2026 totaled $0.95 billion compared with $1.31 billion in the year-ago quarter. Capital expenditures amounted to $655 million in the first six months of 2026 compared with $595 million in the year-ago quarter.Total liquidity was $5.28 billion, down from $9.63 billion, primarily due to funding the acquisition of generation assets and CPower from LS Power. NRG Energy expects its 2026 adjusted net income to be in the range of $1.685-$2.115 billion.The company expects its 2026 adjusted EPS to be in the range of $7.90-$9.90. The Zacks Consensus Estimate is pegged at $9.70, which is at the higher end of the company’s guided range.Free Cash Flow before Growth for 2026 is anticipated to be in the range of $2.8-$3.3 billion.NRG expects 2026 adjusted EBITDA in the band of $5.325-$5.825 billion. NRG Energy has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Edison International EIX reported second-quarter 2026 core earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 by 51%. The bottom line surged 58.8% from 97 cents in the year-ago quarter.Edison International's second-quarter operating revenues totaled $4.36 billion, which missed the Zacks Consensus Estimate of $4.72 billion by 7.7%. The top line also decreased 4.1% from the year-ago quarter’s figure of $4.54 billion.IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter.PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NRG Energy, Inc. (NRG) : Free Stock Analysis Report Edison International (EIX) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report IDACORP, Inc. (IDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Public Service Enterprise Group Incorporated PEG, or PSEG, reported second-quarter 2026 adjusted earnings of 86 cents per share, which beat the Zacks Consensus Estimate of 80 cents by 7.5%. Earnings increased 11.7% from the prior-year reported figure of 77 cents.The company reported GAAP earnings per share (EPS) of 67 cents compared with $1.17 in the corresponding period of 2025. Operating revenues totaled $2.55 billion, which missed the Zacks Consensus Estimate of $2.70 billion by 5.4%. The top line also declined 8.9% from the year-ago figure of $2.81 billion. Public Service Enterprise Group Incorporated price-consensus-eps-surprise-chart | Public Service Enterprise Group Incorporated Quote Electric sales increased 2% year over year to 9,629 million kilowatt-hours (kWh). Residential sales rose 3% to 3,242 million kWh, while commercial and industrial sales jumped 1% to 6,316 million kWh.Total gas sales declined 23% to 541 million therms. Firm gas sales slipped 1% to 351 million therms, as residential volumes decreased 4%, and commercial and industrial volumes increased 1%. Non-firm commercial and industrial sales fell 45% to 190 million therms. The operating income totaled $461 million compared with $817 million in the year-ago period, reflecting a decline of 43.6%.Total operating expenses were $2.09 billion, up 5.3% from the year-ago figure.Interest expenses amounted to $269 million, which increased 8.5% year over year. PSE&G revenues increased 5.2% to $2.14 billion from $2.03 billion in the prior-year period. The regulated utility generated net income and non-GAAP operating earnings of $342 million, up from $332 million. Results benefited from ongoing investments in energy efficiency, gas system modernization and transmission. PSEG Power & Other revenues declined 42% to $534 million from $920 million a year earlier. Despite the revenue decrease, non-GAAP operating earnings increased to $83 million from $52 million. The improvement reflected higher realized prices and increased nuclear generation. The long-term debt (including the current portion of the long-term debt) as of June 30, 2026 was $23.59 billion compared with $22.55 billion as of Dec. 31, 2025.The net cash flow from operating activities was $1.82 billion during the first six months of 2026 compared with $1.53 billion during the first six months of 2025. PEG expects adjusted earnings to be in the range of $4.28-$4.40 per share. The Zacks Consensus Estimate for earnings is currently pegged at $4.37, which is at the higher end of the company’s guided range. PEG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Edison International EIX reported second-quarter 2026 core earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 by 51%. The bottom line surged 58.8% from 97 cents in the year-ago quarter.Edison International's second-quarter operating revenues totaled $4.36 billion, which missed the Zacks Consensus Estimate of $4.72 billion by 7.7%. The top line also decreased 4.1% from the year-ago quarter’s figure of $4.54 billion.IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter.PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Public Service Enterprise Group Incorporated (PEG) : Free Stock Analysis Report Edison International (EIX) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report IDACORP, Inc. (IDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

OAKLAND, Calif., July 31, 2026 /PRNewswire/ -- Pacific Gas and Electric Company (the "Company") today announced the results of its previously announced cash tender offers ( "Tender Offers") to purchase up to an aggregate principal amount that will not result in an aggregate purchase price that exceeds $1,200,000,000 (the "Aggregate Maximum Tender Amount") of its outstanding 3.30% Senior Notes due December 1, 2027 (the "3.30% Senior Notes") and 2.10% First Mortgage Bonds due August 1, 2027 (the "2.10% First Mortgage Bonds", and, together with the 3.30% Senior Notes, the "Bonds" and, each series, a "series of Bonds"), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated July 27, 2026 (as amended by the press release dated July 27, 2026 regarding an upsize to the Aggregate Maximum Tender Amount, the "Offer to Purchase"), subject to the Acceptance Priority Levels as set forth in the Offer to Purchase. According to information received from D.F. King & Co., Inc., the tender and information agent for the Tender Offers (the "Tender and Information Agent"), as of 5:00 p.m., New York City time, on July 31, 2026 (the "Expiration Date"), the Company had received valid tenders from the registered holders (the "Holders") of the Bonds that were not validly withdrawn as set forth in the table below. The 2.10% First Mortgage Bonds validly tendered will be subject to a proration factor of 18.2%, with appropriate adjustments downward to the nearest $1,000 principal amount to avoid the purchases of 2.10% First Mortgage Bonds in principal amounts other than in integral multiples of $1,000. The Tender Offer Consideration (as defined in the Offer to Purchase) was determined at 3:00 p.m., New York City time, on July 31, 2026. The Company will accept for payment $1,218,990,000 Aggregate Maximum Tender Amount of all Bonds purchased on the Expiration Date (as defined in the Offer to Purchase). All payments for Bonds purchased in connection with the Expiration Date will also include accrued and unpaid interest on the principal amount of the Bonds purchased, from the last interest payment date with respect to those Bonds to, but not including, the Expiration Date. Full details of the terms and conditions of the Tender Offers are described in the Offer to Purchase, which was sent by the Company to Holders of the Bonds. Holders of the Bonds are encouraged to read the Offer to Purchase as it contains important information regarding the Tender Offers. The Company's obligation to accept for purchase, and to pay for, the Bonds validly tendered pursuant to the Tender Offers is subject to, and conditioned upon, among other things, the satisfaction or waiver of the Financing Condition (as defined in the Offer to Purchase). The Company has retained J.P. Morgan Securities LLC and Barclays Capital Inc. to serve as Dealer Managers for the Tender Offers. D. F. King has been retained to serve as the Tender and Information Agent for the Tender Offers. Questions regarding the Tender Offers may be directed to J.P. Morgan Securities LLC, 270 Park Avenue, New York, New York 10017, Toll-Free: (866) 834-4666, Collect: (212) 834-4818 and Barclays Capital Inc. at 745 Seventh Avenue, 5th Floor, New York, New York 10019, Toll-Free: (800) 438-3242, Collect: (212) 528-7581. Requests for the Offer to Purchase may be directed to D. F. King & Co., Inc. at [email protected] or toll-free at (800) 515-4479 and toll at (212) 931-0857. Additionally, copies of the Offer to Purchase are available at the following webpage: www.dfking.com/pgecorp. The Company is making the Tender Offers only by, and pursuant to, the terms of the Offer to Purchase. None of the Company, the Dealer Managers, or the Tender and Information Agent make any recommendation as to whether Holders of the Bonds should tender or refrain from tendering their Bonds. Holders of the Bonds must consult their own investment and tax advisors and make their own decisions as to whether to tender their Bonds and, if so, the principal amount of the Bonds to tender. The Tender Offers are not being made to Holders of the Bonds in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers to be made by a licensed broker or dealer, the Tender Offers will be deemed to be made on behalf of the Company by the Dealer Managers, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. About the Company Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), is a combined natural gas and electric utility serving more than sixteen million people across 70,000 square miles in Northern and Central California. Forward-Looking Statements This news release contains forward-looking statements that are not historical facts, including statements about the timing of the Tender Offers, the Company's ability to complete the Tender Offers, other terms of the Tender Offers including the Financing Condition, the successful completion of the concurrent capital markets financing transaction that is subject to the Financing Condition, and other information.These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and Pacific Gas and Electric Company's joint annual report on Form 10-K for the year ended December 31, 2025, its most recent quarterly report on Form 10-Q for the quarter ended June 30, 2026, and other reports filed with the SEC, which are available on the SEC's website. Pacific Gas and Electric Company undertakes no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/pacific-gas-and-electric-company-announces-results-of-cash-tender-offers-302840451.html

Edison International EIX reported second-quarter 2026 core earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 by 51%. The bottom line surged 58.8% from 97 cents in the year-ago quarter, primarily reflecting Southern California Edison’s adoption of the 2025 General Rate Case final decision.The company recorded GAAP earnings of $1.39 per share compared with 89 cents in the second quarter of 2025. Edison International's second-quarter operating revenues totaled $4.36 billion, which missed the Zacks Consensus Estimate of $4.72 billion by 7.7%. The top line also decreased 4.1% from the year-ago quarter’s figure of $4.54 billion. Edison International price-consensus-eps-surprise-chart | Edison International Quote Total operating expenses declined to $3.27 billion from $3.77 billion. Operation and maintenance expenses fell to $1.07 billion from $1.58 billion, while purchased power and fuel costs decreased to $1.14 billion from $1.16 billion.Depreciation and amortization increased to $834 million from $826 million. Property and other taxes rose to $171 million from $168 million.Operating income climbed to $1.09 billion from $0.78 billion. Interest expense increased to $514 million from $504 million. Southern California Edison generated core earnings of $672 million, up from $474 million in the second quarter of 2025. Core earnings per share increased to $1.74 from $1.23, primarily due to the adoption of the 2025 General Rate Case final decision in the third quarter of 2025.Edison International Parent and Other reported a core loss of $80 million, narrower than the year-ago loss of $100 million. The core loss per share improved to 20 cents from 26 cents, primarily due to lower preferred stock dividends. As of June 30, 2026, Edison International's cash and cash equivalents amounted to $242 million compared with $158 million as of Dec. 31, 2025.The long-term debt was $37.09 billion as of June 30, 2026, higher than the 2025-end level of $36.07 billion.Net cash flow from operating activities during the first six months of 2026 was $2.7 billion compared with net cash flow of $2.11 billion in the prior-year period.Total capital expenditures were $3.39 billion as of June 30, 2026, higher than $3.12 billion in the year-ago period. Edison International reaffirmed its 2026 core earnings guidance of $5.90-$6.20 per share. The Zacks Consensus Estimate for earnings is currently pegged at $6.13 per share, which is at the higher end of the company’s guided range.The company also maintained its 2027 core earnings forecast of $6.25-$6.65 per share and its 2028 outlook of $6.74-$7.14. Management continues to target core earnings growth of 5-7% annually from 2025 through 2030. Edison International currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. CMS Energy Corporation CMS reported second-quarter 2026 adjusted earnings per share of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter. Operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter.Entergy Corporation ETR reported second-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 94 cents by 9.6%. However, the bottom line decreased 1.9% from the year-ago quarter’s figure of $1.05.Revenues rose 5.9% year over year to $3.52 billion but missed the consensus mark of $3.53 billion by 0.08%. PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Edison International (EIX) : Free Stock Analysis Report Entergy Corporation (ETR) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

American Electric Power Company, Inc. AEP reported second-quarter 2026 operating earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.49 by 8.7%. The bottom line declined 4.9% from $1.43 in the year-ago quarter, primarily due to the timing of income taxes and the prior-year transmission minority-interest transaction.On a GAAP basis, AEP posted earnings of $1.31 per share, down from $2.29 a year ago. AEP generated total revenues of $5.45 billion, up 7% from $5.09 billion in the prior-year quarter. The top line also came ahead of the Zacks Consensus Estimate of $5.26 billion by 3.5%. American Electric Power Company, Inc. price-consensus-eps-surprise-chart | American Electric Power Company, Inc. Quote Vertically Integrated Utilities segment generated operating earnings of $302 million, up from $297 million. Rate changes contributed 21 cents per share, while normalized sales added 10 cents. Transmission & Distribution Utilities reported operating earnings of $239 million, up from $224 million in the year-ago period. Rate changes and higher transmission revenues supported the improvement. AEP Transmission Holdco’s operating earnings were $225 million, nearly unchanged from $224 million a year earlier. However, the segment’s earnings contribution was affected by the timing of the minority-interest transaction completed in 2025. Generation & Marketing operating earnings declined slightly to $91 million from $92 million in the year-ago quarter. Retail-related weakness was offset by gains from wholesale and other activities, while operations and maintenance costs created a modest drag. Corporate and Other posted an operating loss of $115 million, wider than the $71 million loss recorded a year earlier. Higher operating costs, interest expense, income-tax timing and other corporate items reduced quarterly operating earnings and offset gains across several utility businesses. AEP raised its 2026 operating earnings guidance range to $6.25-$6.55 per share from $6.15-$6.45. The Zacks Consensus Estimate for earnings is pegged at $6.35, which lies below the midpoint of the company’s projected range. American Electric currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Entergy Corporation ETR reported second-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 94 cents by 9.6%. However, the bottom line decreased 1.9% from the year-ago quarter’s figure of $1.05.Revenues rose 5.9% year over year to $3.52 billion but missed the consensus mark of $3.53 billion by 0.08%. PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share (EPS) of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%.CMS Energy Corporation CMS reported second-quarter 2026 adjusted EPS of 37 cents, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter. Operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Electric Power Company, Inc. (AEP) : Free Stock Analysis Report Entergy Corporation (ETR) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.The year-over-year improvement was due to customer growth, rate changes and revenues from large contract customers. Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter. IDACORP, Inc. price-consensus-eps-surprise-chart | IDACORP, Inc. Quote Retail revenues from large contract customers, net of associated power supply costs and the Idaho Power cost adjustment mechanism, increased operating income by $6.5 million.The gain reflected higher usage per large contract customer, the increase in Idaho base rates and the addition of a new large contract that became effective June 1, 2026. Management highlighted these customers as an important source of revenues to help fund the company’s substantial infrastructure development. IDACORP also brought 250 megawatts of battery capacity online in June. The company continued construction work on major transmission and generation projects during the first half of 2026. IDACORP’s customer volume increased 2.3% year over year for the 12 months ended on March 31, 2026. This boosted operating income by $4.5 million from the year-ago level.Other operations and maintenance (O&M) expenses were $11.7 million, higher than the year-earlier level. The rise mainly reflected the recognition of previously deferred costs tied to converting generating units at the Jim Bridger plant from coal to natural gas.IDACORP's net income increased $6.8 million from the prior-year level due to higher net income at Idaho Power. As of June 30, 2026, cash and cash equivalents were $83.6 million compared with $215.7 million as of Dec. 31, 2025.The long-term debt was $3.68 billion as of June 30, 2026 compared with $3.33 billion as of Dec. 31, 2025.In the first six months of 2026, net cash provided by operating activities was $179 million compared with $301.2 million in the prior-year period. IDACORP raised the lower end of its 2026 earnings guidance to $6.30-$6.45 per share from the previous range of $6.25-$6.45. The Zacks Consensus Estimate for earnings is pegged at $6.39, which is higher than the midpoint of the company’s guided range.IDA projects a capital expenditure of $1.3-$1.5 billion for 2026. The company’s O&M expenses forecast remains $525-$535 million.Management narrowed its hydropower generation outlook to 5.5-6.5 million megawatt-hours from 5.5-7 million. IDACORP currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Entergy Corporation ETR reported second-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 94 cents by 9.6%. However, the bottom line decreased 1.9% from the year-ago quarter’s figure of $1.05.Revenues rose 5.9% year over year to $3.52 billion but missed the consensus mark of $3.53 billion by 0.08%. PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%.CMS Energy Corporation CMS reported second-quarter 2026 adjusted earnings per share of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter. Operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IDACORP, Inc. (IDA) : Free Stock Analysis Report Entergy Corporation (ETR) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. PG&E (PCG) has drawn fresh attention after reporting second quarter earnings that exceeded market expectations and reaffirming full year guidance, even as wildfire liabilities and the need for liability reform remain central investor concerns. See our latest analysis for PG&E. PG&E’s recent earnings beat and reaffirmed guidance have come alongside a steady build in momentum, with a 90 day share price return of 7.47% and a 1 year total shareholder return of 28.12%, while the stock trades at $17.85 and investors weigh wildfire liabilities, the capital plan and new data center opportunities. If PG&E’s latest moves have you thinking about where the next utility and infrastructure stories could come from, it may be worth scanning 35 power grid technology and infrastructure stocks PG&E’s earnings beat, reaffirmed outlook and data center pipeline have already pushed the stock higher. However, wildfire liabilities and capital needs still hang over the story, raising the question of how much upside is left in the current valuation. PG&E's most followed valuation narrative pegs fair value around $22.59 per share, comfortably above the last close at $17.85. It anchors its case in steady, regulated growth assumptions rather than rapid expansion stories. Read the complete narrative. Want to see what sits behind that projected rate base build and earnings path for PG&E? The narrative hinges on measured revenue growth, firmer margins and a future earnings multiple that looks conservative next to many US utilities. Curious which specific assumptions about profits, regulation and capital spending need to hold for that fair value to stack up? The full narrative lays out the numbers and trade offs in detail. Result: Fair Value of $22.59 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, PG&E’s story still hinges on wildfire liability reform and future regulatory decisions on cost recovery. Any of these factors could reshape earnings expectations and valuation assumptions. Find out about the key risks to this PG&E narrative. There is also the Simply Wall St DCF model, which values PG&E’s future cash flows at $9.53 per share, well below the current $17.85 price. On this view, the stock screens as overvalued. Which story do you think fits PG&E better? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out PG&E for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 49 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. PG&E’s story clearly splits opinion, with both risks and rewards on the table. If you want to move quickly and reach your own view, start by weighing its 5 key rewards and 2 important warning signs If PG&E has sharpened your focus on utilities and infrastructure, do not stop there. Broader opportunities across sectors could matter just as much to your portfolio. Target steadier portfolio anchors by reviewing companies in the 81 resilient stocks with low risk scores that aim to balance return potential with more controlled risk profiles. Spot compelling value setups early by scanning the screener containing 20 high quality undiscovered gems before they sit firmly on everyone else’s radar. Strengthen your core holdings with businesses in the solid balance sheet and fundamentals stocks screener (49 results) that pair healthier finances with room for future decisions. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PCG. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]