Investing
CapEx
PG&E CapEx increased by 6.3% to $3.36B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 27.4%, from $2.64B to $3.36B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 11.3% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.84B | $1.85B | $2.22B | $2.31B | $2.23B | $2.87B | $2.17B | $2.29B | $2.39B | $2.42B | $2.61B | $2.64B | $2.30B | $2.61B | $2.83B | $2.64B | $3.07B | $2.93B | $3.16B | $3.36B |
| QoQ Change | — | +0.3% | +20.2% | +4.0% | -3.5% | +28.8% | -24.3% | +5.3% | +4.5% | +1.2% | +7.9% | +1.0% | -12.9% | +13.4% | +8.6% | -6.8% | +16.3% | -4.4% | +7.7% | +6.3% |
| YoY Change | — | — | — | — | +21.0% | +55.4% | -2.2% | -1.0% | +7.3% | -15.7% | +20.2% | +15.3% | -3.9% | +7.6% | +8.2% | -0.1% | +33.4% | +12.5% | +11.6% | +27.4% |
Range$1.84B – $3.36B
CAGR+13.5%
Avg YoY Growth+12.3%
Median YoY Growth+9.9%
Current Streak2 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is PG&E's capex?
- PG&E (PCG) reported capex of $3.36B in Q1 2026.
- How has PG&E's capex changed year-over-year?
- PG&E's capex increased by 27.4% year-over-year, from $2.64B to $3.36B.
- What is the long-term trend for PG&E's capex?
- Over 4 years (2021 to 2025), PG&E's capex has grown at a 11.3% compound annual growth rate (CAGR), from $7.69B to $11.79B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.