How often does PG&E move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

PCGNYSEElectric & Other Services Combined

PG&E Corp (PCG) earnings date, market-implied expected move, and options open interest by expiry

13.40

+0.11 · +0.83%

post 13.40 0.00%

After hours16:00 ETdelayed

Open13.23Volume30.1MMkt cap$35.6BP/E9.93EPS1.35Div yield1.50%

Day13.21 – 13.4871%52-wk11.72 – 18.9723%

PCG

PG&E Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 11

after close · in 99 days

est.Q4 FY26

Calendar

Next report

Last report

−1.29%

vs ±3.2% implied · ×0.41

shaded = implied · ▲▼ = realized

Oct 22 '26 · confirmed

Implied vs realized

Linked news

22hPRIM · supplierPrimoris Services earns net income of $51.3 million on revenue of $1,952.4 million in Q3
6dCWT · customerCalifornia Water Service Group quarterly net income $65,408 thousand, EPS $1.05

News

Largest filed tie

13F top-10 QoQ

+3.37%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

940 managers

Top fund weight

2.61%

PCG weight · XLU

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

PG&E (PCG) is expected to report on Feb 11 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±2.9%
avg realized: ±1.4%

Feb 13 '25Feb 13 '25confirmed±2.8%▼−1.12%×0.40

Apr 24 '25Apr 24 '25confirmed±2.6%▼−0.86%×0.32

Jul 31 '25Jul 31 '25confirmed±3.4%0.00%×0.00

Oct 23 '25Oct 23 '25confirmed±3.7%▼−1.69%×0.46

Feb 12 '26Feb 12 '26confirmed±2.3%▲+2.69%×1.18

Q1 FY26Apr 23 '26confirmed±2.6%▼−0.30%×0.12

Q2 FY26Jul 23 '26confirmed±2.7%▼−3.15%×1.17

Q3 FY26Oct 22 '26confirmed±3.2%▼−1.29%×0.41

quarterimplied−5%0+5%realized×

Q3 FY26±3.2%▼−1.29%×0.41

Q2 FY26±2.7%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 7 expiries · Oct 26 close

0.44OI · 7 expiries · Oct 26 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4 nearer expiries

1,317+19%Nov 62d0.562,342+8%0.56

4,826+12%Nov 139d2.451,970+3%2.45

76,0260%Nov 2016d0.16477,097+2%0.16

10,5030%Nov 2723d0.09110,5680%0.09

86,8960%Dec 1844d0.17522,841−1%0.17

97,587+1%Jan 1572d0.14691,3300%0.14

report · Feb 11 · after close · est.

ExpiryPutsCallsP/C

4 nearer expiries

Nov 62d1,317+19%2,342+8%0.56

Nov 139d4,826+12%1,970+3%2.45

Nov 2016d76,0260%477,097

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

12.54%as filednet margin · revenue +4.85% QoQ · −0.99% YoY

Revenue

$6.2B+4.85% QoQ

Gross profit

$2.6B+7.38% QoQ

42.53% margin

Operating income

$1.2B−1.11% QoQ

20.18% margin

Pre-tax income

$681M+1.04% QoQ

Net income

$776M+1.97% QoQ

12.54% margin

Cost of revenue

$3.6B+3.04% QoQ

Operating expenses

$1.4B+16.41% QoQ

Depreciation $1.2B

Other operating $36M

Other operating $141M

Other expense

$568M

Tax benefit

$95M

Revenue$6.2B+4.85%

Gross profit

$2.6B+7.38%

42.53% margin

Operating income

$1.2B−1.11%

20.18% margin

Pre-tax income

$681M+1.04%

Net income

$776M+1.97%

12.54% margin

Cost of revenue

$3.6B+3.04%

Operating expenses

$1.4B+16.41%

Depreciation $1.2B

Other operating $36M

Other operating $141M

Other expense

$568M

Tax benefit$95M

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×1.25· ±1.6% vs ±1.2% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.6%8 of 10×1.25

PCEpersonal income & outlays±1.3%9 of 20×1.03

FOMCrate decision±1.3%11 of 24×1.01

CPIconsumer prices±1.3%7 of 11×1.01

GDPgross domestic product±1.1%9 of 20×0.86

CPROFcorporate profits±1.0%4 of 12×0.78

PPIproducer prices±0.9%5 of 11×0.70

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 0.34 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 22 '26 · confirmed	0.34	—
Q2 FY26	Jul 23 '26 · confirmed	0.33	—
Q1 FY26	Apr 23 '26 · confirmed	0.39	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod