PG&E Corp PCG

Utilities SIC 4931 - Electric & Other Services Combined NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

PG&E Corporation, incorporated in California in 1995, is a holding company whose primary operating subsidiary is Pacific Gas and Electric Company, a public utility operating in Northern and Central California. The Utility was incorporated in California in 1905. PG&E Corporation became the holding company of the Utility and its subsidiaries in 1997. The Utility generates revenues mainly through the sale and delivery of electricity and natural gas to customers. The Utility's service area is shown in the graphic below.

PG&E Corporation's and the Utility's operating revenues, income, and total assets for the most recently completed year can be found below in Item 8. Financial Statements and Supplementary Data.

Last close 12.63 2026-10-23
Market cap $33.85B 2026-06-30 share count
52-week range 11.77 - 19.16

Valuation FY2025 figures against the last close

P/S1.4x
P/E10.7x
P/FCF—
EV/EBITDA19.2x
Dividend yield—
Diluted EPS1.18

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $24.93B$24.42B$24.43B$21.68B$20.64B$18.47B$17.13B$16.76B$17.14B$17.67B
Operating income $4.75B$4.46B$2.67B$1.84B$1.88B$1.75B-$10.09B-$9.70B$2.90B$2.08B
Interest expense $3.03B$3.05B$2.85B$1.92B$1.60B$1.26B$934.0M$929.0M$888.0M$829.0M
Pre-tax income $2.42B$2.31B$699.0M$476.0M$748.0M-$942.0M-$11.04B-$10.13B$2.17B$1.46B
Income tax $280.0M$200.0M$1.56B$1.34B$836.0M$362.0M$3.40B$3.29B$511.0M$55.0M
Net income $2.6K$2.5K$2.2K$1.8K-$102-$1.30B-$7.64B-$6.84B$1.66B$1.41B
EPS, basic 1.181.161.090.91-0.05-1.05-14.50-13.253.212.79
EPS, diluted 1.181.151.050.84-0.05-1.05-14.50-13.253.212.78
Shares, diluted (wtd. avg.) 2.20B2.15B2.14B2.13B1.99B1.26B528.0M517.0M513.0M501.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $713.0M$940.0M$635.0M$947.0M$307.0M$627.0M$1.58B$1.68B$456.0M$184.0M
Receivables $2.27B$2.22B$2.05B$2.65B$2.35B$1.88B$1.29B$1.15B$1.24B$1.25B
Inventory $75.0M$52.0M$65.0M$91.0M$44.0M$95.0M$97.0M$111.0M$115.0M$117.0M
Total current assets $15.83B$17.22B$14.38B$12.81B$11.08B$9.60B$10.16B$9.20B$6.28B$6.16B
Property, plant and equipment —————$66.14B$61.63B$58.56B$53.79B$50.58B
Total assets $141.61B$133.66B$125.70B$118.64B$103.33B$97.86B$85.20B$77.00B$68.01B$68.60B
Accounts payable ———————$1.98B$1.65B$1.50B
Short-term debt $821.0M$2.15B$1.38B$2.27B$4.48B$28.0M$0$18.56B$445.0M$700.0M
Total current liabilities $16.30B$16.33B$17.31B$15.79B$17.43B$13.58B$7.63B$41.70B$7.13B$7.56B
Long-term debt $57.39B$53.57B$50.98B$47.74B$38.23B$37.29B$0$22.07B$17.75B$16.22B
Retained earnings -$650.0M-$2.97B-$5.32B-$7.54B-$9.28B-$9.20B-$7.89B-$250.0M$6.60B$5.75B
Total equity $32.54B$30.15B$25.29B$23.07B$21.22B$21.25B$5.39B$12.90B$19.47B$18.19B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $8.72B$8.04B$4.75B$3.72B$2.26B-$19.13B$4.82B$4.75B$5.98B$4.41B
Capital expenditure $11.79B$10.37B$9.71B$9.58B$7.69B$7.69B$6.31B$6.51B$5.64B$5.71B
Investing cash flow -$12.32B-$11.38B-$9.16B-$10.21B-$6.91B-$7.75B-$6.38B-$6.56B-$5.65B-$5.75B
Financing cash flow $3.36B$3.62B$4.40B$7.13B$4.32B$25.93B$1.46B$3.03B-$55.0M$1.17B
Dividends paid —$86.0M$0$0——$0$0$1.02B$921.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001004980-26-000020.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2016: 17.7B Net income, FY2016: 1.4B Revenue, FY2017: 17.1B Net income, FY2017: 1.7B Revenue, FY2018: 16.8B Net income, FY2018: -6.8B Revenue, FY2019: 17.1B Net income, FY2019: -7.6B Revenue, FY2020: 18.5B Net income, FY2020: -1.3B Revenue, FY2021: 20.6B Net income, FY2021: -102 Revenue, FY2022: 21.7B Net income, FY2022: 1.8K Revenue, FY2023: 24.4B Net income, FY2023: 2.2K Revenue, FY2024: 24.4B Net income, FY2024: 2.5K Revenue, FY2025: 24.9B Net income, FY2025: 2.6K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $17.67B $17.14B $16.76B $17.13B $18.47B $20.64B $21.68B $24.43B $24.42B $24.93B
Gross profit — — — — — — — — — —
Net income $1.41B $1.66B -$6.84B -$7.64B -$1.30B -$102 $1.8K $2.2K $2.5K $2.6K

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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