v3.26.1
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
PG&E Corporation’s basic EPS is calculated by dividing the Income available for common shareholders, basic, by the weighted average number of common shares outstanding, basic. PG&E Corporation’s diluted EPS is calculated by dividing the income available for common shareholders, diluted, by the weighted average number of common shares outstanding, diluted.  PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS.  The following is a reconciliation of PG&E Corporation’s income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS:
Three Months Ended June 30,Six Months Ended June 30,
(in millions, except per share amounts)2026202520262025
Numerator
Income available for common shareholders, basic$733 $521 $1,591 $1,128 
Plus: Mandatory Convertible Preferred Stock dividends24 — 48 — 
Income available for common shareholders, diluted$757 $521 $1,639 $1,128 
Denominator
Weighted average common shares outstanding, basic(1)
2,202 2,198 2,201 2,196 
Dilutive effect of Employee stock-based compensation5 5 5 5 
Dilutive effect of Mandatory Convertible Preferred Stock78 — 78 — 
Weighted average common shares outstanding, diluted2,285 2,203 2,284 2,201 
Total income per common share:
Basic$0.33 $0.24 $0.72 $0.51 
Diluted$0.33 $0.24 $0.72 $0.51 
(1) Excludes 477,743,590 shares of PG&E Corporation common stock held by the Utility.

For each of the periods presented above, the calculation of outstanding common shares on a diluted basis excluded an insignificant amount of options and securities that were antidilutive.