PG&E Profit Down, Tightens Adj EPS View for Year

Core Insights - PG&E's fourth-quarter net income decreased compared to the previous year, indicating a decline in profitability for the California power producer [1] - Despite the drop in net income, PG&E has raised the lower end of its projection for adjusted earnings in 2026, suggesting a more optimistic outlook for future performance [1] Financial Performance - The company reported a decline in net income for the fourth quarter, reflecting challenges in the current operating environment [1] - The adjustment to the earnings projection for 2026 indicates a strategic response to market conditions and potential recovery in earnings [1]