PCG

MKT CAP:$37B

PG&E Corporation

Market Cap

$37B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$16.66+$0.39 (+2.43%)

Apr 24, 2026

Company Details

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The com...

CEO

Patricia Kessler Poppe

IPO Date

Jun 1, 1972

Website

www.pgecorp.com

Key Metrics TTM

Revenue

$25.8B

+5.3% YoY

Net Income

$3.0B

EPS (Diluted)

$1.28

Free Cash Flow

-$4.2B

Revenue / Share

$11.33

Gross Margin

45.9%

Operating Margin

19.4%

Net Margin

11.4%

FCF Margin

-16.3%

P/S

1.4x

P/E

12.4x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$6.9B+15.0%EPS $0.39

FY 2025

Feb 11, 2026

$24.9B+2.1%EPS $1.18

Q4 2025

Feb 11, 2026

$6.8B+2.6%EPS $0.29

Q3 2025

Oct 22, 2025

$6.3B+5.2%EPS $0.36

Q2 2025

Jul 30, 2025

$5.9B-1.5%EPS $0.24

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$5.1B	$630M	$630M
Q3 22	$5.4B	$735M	$735M
Q4 22	$5.4B	$782M	$782M
Q1 23	$6.2B	$900M	$900M
Q2 23	$5.3B	$794M	$794M
Q3 23	$5.9B	$715M	$715M
Q4 23	$7.0B	$1.6B	$1.6B
Q1 24	$5.9B	$1.3B	$1.3B
Q2 24	$6.0B	$1.1B	$1.1B
Q3 24	$5.9B	$1.1B	$1.1B
Q4 24	$6.6B	$1.0B	$1.0B
Q1 25	$6.0B	$1.3B	$1.3B
Q2 25	$5.9B	$2.3B	$1.1B
Q3 25	$6.3B	$2.5B	$1.2B
Q4 25	$6.8B	$1.2B	$1.2B
Q1 26	$6.9B	$5.8B	$1.5B

Valuation

Quarter	P/S	P/E
Q2 22	0.9x	90.1x
Q3 22	1.2x	14.7x
Q4 22	1.5x	17.5x
Q1 23	1.5x	17.1x
Q2 23	1.6x	18.6x
Q3 23	1.4x	17.0x
Q4 23	1.6x	17.1x
Q1 24	1.5x	14.6x
Q2 24	1.5x	14.5x
Q3 24	1.7x	15.3x
Q4 24	1.8x	17.2x
Q1 25	1.5x	15.7x
Q2 25	1.3x	12.6x
Q3 25	1.3x	12.2x
Q4 25	1.4x	13.0x
Q1 26	1.5x	13.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	-$22M	-$2.3B
Q3 22	$1.1B	-$1.8B
Q4 22	$1.0B	-$1.2B
Q1 23	$1.2B	-$1.1B
Q2 23	$1.3B	-$1.1B
Q3 23	$1.8B	-$611M
Q4 23	$477M	-$2.1B
Q1 24	$2.3B	-$377M
Q2 24	$711M	-$1.6B
Q3 24	$3.1B	$526M
Q4 24	$1.9B	-$896M
Q1 25	$2.8B	$213M
Q2 25	$1.1B	-$2.0B
Q3 25	$2.9B	-$80M
Q4 25	$2.0B	-$1.2B
Q1 26	$2.4B	-$926M

Capital Expenditures

Quarter	CapEx
Q2 22	$2.2B
Q3 22	$2.9B
Q4 22	$2.2B
Q1 23	$2.3B
Q2 23	$2.4B
Q3 23	$2.4B
Q4 23	$2.6B
Q1 24	$2.6B
Q2 24	$2.3B
Q3 24	$2.6B
Q4 24	$2.8B
Q1 25	$2.6B
Q2 25	$3.1B
Q3 25	$2.9B
Q4 25	$3.2B
Q1 26	$3.4B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-1.9%	-2.1%
Q3 22	-1.3%	-8.1%
Q4 22	+2.4%	-0.4%
Q1 23	+7.1%	+0.9%
Q2 23	+3.4%	+0.2%
Q3 23	+9.2%	+11.0%
Q4 23	+31.1%	+18.7%
Q1 24	-5.6%	-13.6%
Q2 24	+13.2%	+8.0%
Q3 24	+0.9%	-7.1%
Q4 24	-5.8%	+2.6%
Q1 25	+2.1%	+2.8%
Q2 25	-1.5%	-1.1%
Q3 25	+5.2%	+4.9%
Q4 25	+2.6%	-0.1%
Q1 26	+15.0%	+14.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 26	$3.1B

Revenue Segments

Quarter	Electricity	Natural Gas, US Regulated
Q2 22	$3.7B	$1.4B
Q3 22	$3.9B	$1.5B
Q4 22	$3.3B	$2.1B
Q2 23	$3.9B	$1.4B
Q2 25	$4.6B	$1.5B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$239M	$0	$239M
Q3 22	$262M	$0	$262M
Q4 22	$734M	$0	$734M
Q1 23	$1.0B	$0	$1.0B
Q2 23	$805M	$0	$805M
Q3 23	$589M	$0	$589M
Q4 23	$635M	$0	$635M
Q1 24	$658M	$0	$658M
Q2 24	$1.3B	$0	$1.3B
Q3 24	$895M	$0	$895M
Q4 24	$940M	$0	$940M
Q1 25	$2.0B	$0	$2.0B
Q2 25	$494M	$0	$494M
Q3 25	$772M	$0	$772M
Q4 25	$713M	$0	$713M
Q1 26	$0	$0	$0

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	2.14B	+0.3%	-0.2%
Q3 22	2.13B	-0.4%	+7.4%
Q4 22	2.13B	0.0%	+7.4%
Q1 23	2.13B	0.0%	-0.1%
Q2 23	2.14B	+0.3%	-0.1%
Q3 23	2.14B	+0.0%	+0.4%
Q4 23	2.13B	-0.3%	+0.1%
Q1 24	2.14B	+0.3%	+0.3%
Q2 24	2.14B	+0.1%	+0.1%
Q3 24	2.14B	+0.0%	+0.1%
Q4 24	2.15B	+0.2%	+0.6%
Q1 25	2.20B	+2.5%	+2.9%
Q2 25	2.20B	+0.1%	+2.8%
Q3 25	2.28B	+3.5%	+6.4%
Q4 25	2.20B	-3.5%	+2.6%
Q1 26	2.28B	+3.6%	+3.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$196.8K	26K
Q3 22	$207.5K	26K
Q4 22	$206.5K	26K
Q1 23	$238.8K	26K
Q2 23	$203.5K	26K
Q3 23	$226.5K	26K
Q4 23	$251.5K	28K
Q1 24	$209.3K	28K
Q2 24	$213.8K	28K
Q3 24	$212.2K	28K
Q4 24	$233.5K	28K
Q1 25	$210.7K	28K
Q2 25	$207.7K	28K
Q3 25	$220.1K	28K
Q4 25	$234.6K	29K
Q1 26	$237.3K	29K

Revenue / Employee