{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"PG&E Stock: Trading at HALF the Utility Multiple — Why We Say BUY (PCG Q2 2026)","slug":"pg-e-stock-trading-at-half-the-utility-multiple-why-we-say-buy-pcg-q2-2026","published_at":"2026-07-25T17:33:25+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/pg-e-stock-trading-at-half-the-utility-multiple-why-we-say-buy-pcg-q2-2026","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/pge-stock-trading-at-half-the-utility-multiple-%e2%80%94-why-we-say-buy-pcg-q2-2026/","audio_url":"https://mcdn.podbean.com/mf/web/oqos1jxd71qgwtq7/audio_w.mp3","summary":"PG&E Corporation (PCG) Q2 2026 — PG&E (PCG), the largest investor-owned utility in America, reported a clean core beat for Q2 2026: non-GAAP core EPS of $0.40 topped the ~$0.36 estimate (+29% YoY) and GAAP EPS was $0.33 (+38% YoY), though revenue of $5.90B missed the ~$6.2B estimate. Management REAFFIRMED full-year core EPS guidance of $1.64-$1.66 (up ~10% at the midpoint) and repeated its plan for 9%+ annual EPS growth from 2027-2030, funded by a $73B capital plan through 2030 with NO additional equity — a ~10% rate-base CAGR. The catch is the balance sheet: ~$64.6B of debt against $33.9B of equity and roughly $3.2B/yr of interest, plus the ever-present California wildfire tail. That is exactly why PCG trades near 11x forward earnings — barely half the ~17-18x of regulated peers like DUK, SO, XEL and ED. Put a still-discounted 13x on next year's ~$1.80 of EPS and fair value lands near $22, about 23% above today's ~$18. Our call: BUY, 4/5 — a cheap, growing, self-funded regulated monopoly with a narrowing wildfire discount, in line with the Street's ~$23-24 Buy consensus. Respect the tail risk. PG&E is the most controversial utility in America — the company whose equipment sparked the wildfires that pushed it into bankruptcy in 2019, wiping out shareholders. Today it is the largest investor-owned utility in the country, delivering power and gas to 16 million Californians, and it just posted a clean quarter: Q2 2026 non-GAAP core EPS of $0.40 beat the ~$0.36 estimate (+29% YoY), GAAP EPS was $0.33 (+38%), and management REAFFIRMED full-year core guidance of $1.64-$1.66. The one blemish was a revenue miss ($5.90B vs ~$6.2B) — but for a regulated utility much of revenue is pass-through cost; earnings, set by the regulator, are what matter. The growth engine is…","meta_description":"PG&E Corporation (PCG) Q2 2026 — PG&E (PCG), the largest investor-owned utility in America, reported a clean core beat for Q2 2026: non-GAAP core…","key_points":[],"chapters":[],"topics":[],"duration_seconds":867,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/pg-e-stock-trading-at-half-the-utility-multiple-why-we-say-buy-pcg-q2-2026/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/pg-e-stock-trading-at-half-the-utility-multiple-why-we-say-buy-pcg-q2-2026.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}