What is PG&E's gas contracts — cost of goods?

PG&E (PCG) reported gas contracts — cost of goods of $250.00M in Q4 2025.

How has PG&E's gas contracts — cost of goods changed year-over-year?

PG&E's gas contracts — cost of goods increased by 25.0% year-over-year, from $200.00M to $250.00M.

What is the long-term trend for PG&E's gas contracts — cost of goods?

Over 4 years (2021 to 2025), PG&E's gas contracts — cost of goods has grown at a -4.5% compound annual growth rate (CAGR), from $1.20B to $1.00B.

What does gas contracts — cost of goods mean?

The total direct expense incurred by the utility to purchase and transport natural gas for its customers.

Products & Services · Cost of goods

Gas Contracts — Cost of goods

PG&E Gas Contracts — Cost of goods remained flat by 0.0% to $250.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.0%, from $200.00M to $250.00M. Over 4 years (FY 2021 to FY 2025), Gas Contracts — Cost of goods shows a downward trend with a -4.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityVolatile

First reportedQ1 2016

Last reportedQ1 2026

Rolls up toTotal Cost of Revenue

How to read this metric

An increase in this metric typically signals rising commodity prices or higher volume requirements, which may impact the utility's working capital needs or require regulatory rate adjustments to recover costs. A decrease may indicate lower market prices or reduced demand, potentially improving short-term cash flow depending on the regulatory cost-recovery mechanism in place.

Detailed definition

This metric represents the direct costs associated with procuring and managing natural gas supply contracts for the util...

Peer comparison

Comparable to 'Cost of Gas Sold' or 'Fuel and Purchased Power' expenses reported by other regulated natural gas distribution utilities and integrated energy providers.

Metric ID: pcg_segment_gas_contracts_cost_of_goods

Historical Data

5 years

	FY'21	FY'22	FY'23	FY'24	FY'25
Value	$1.20B	$2.40B	$2.50B	$800.00M	$1.00B
YoY Change	—	+100.0%	+4.2%	-68.0%	+25.0%

Range$800.00M – $2.50B

CAGR-4.5%

Avg YoY Growth+15.3%

Median YoY Growth+14.6%

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Frequently Asked Questions

What is PG&E's gas contracts — cost of goods?: PG&E (PCG) reported gas contracts — cost of goods of $250.00M in Q4 2025.
How has PG&E's gas contracts — cost of goods changed year-over-year?: PG&E's gas contracts — cost of goods increased by 25.0% year-over-year, from $200.00M to $250.00M.
What is the long-term trend for PG&E's gas contracts — cost of goods?: Over 4 years (2021 to 2025), PG&E's gas contracts — cost of goods has grown at a -4.5% compound annual growth rate (CAGR), from $1.20B to $1.00B.
What does gas contracts — cost of goods mean?: The total direct expense incurred by the utility to purchase and transport natural gas for its customers.