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PG&E

PCG

PG&E Corporation is a major energy holding company that operates primarily through its subsidiary, Pacific Gas and Electric Company, a regulated public utility.

Market cap
$37.55B+22.8%
Revenue$25.8B+5.3%
Net income$3.0B+22.5%
Free cash flow-$4.2B-59.1%
EPS (diluted)$1.29+18.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$6.1B
EPS estimate$0.37

Financials

Q1 2026

Income statement

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Revenue$6.9B+15.0%
Operating income$1.5B+20.5%
Net income$885.0M+39.6%
EPS (diluted)$0.39+39.3%

Balance sheet

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Cash & equivalents$1.5B-38.1%
Total debt$62.3B+12.8%
Total equity$33.3B+8.4%
Total assets$141.95B+4.8%

Cash flow

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Operating cash flow$2.4B-14.7%
CapEx$3.4B+27.4%
Free cash flow-$926.0M-535%

Valuation & ratios

Valuation

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Market cap$37.55B+22.8%
Enterprise value$98.38B+14.5%
P/E12.7×+0.2×
P/S1.5×+0.2×

Profitability

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Operating margin19.4%+1.4pp
Net margin11.4%+1.6pp
FCF margin-16.3%

Returns & leverage

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Return on equity9.2%+0.7pp
Debt / equity1.9×+0.1×
Current ratio1.2×+0.3×

Segments

By product

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Electric$5.0B+20.1%
Natural Gas, US Regulated$2.0B-20.4%

Competitors

Profile

PG&E Corporation is a major energy holding company that operates primarily through its subsidiary, Pacific Gas and Electric Company, a regulated public utility. The company provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in Northern and Central California. Its core value proposition centers on delivering safe, reliable, and increasingly decarbonized energy while navigating a complex regulatory environment and significant climate-driven operational risks.

Competitive position

The company is a dominant regulated utility in Northern and Central California, operating as a natural monopoly in its service territory while facing increasing competition from Community Choice Aggregators and distributed energy resources.

GeographiesCalifornia, United States
Customer segmentsB2C, B2B, Governmental
Business modelRegulated Cost-of-Service, Asset-intensive Infrastructure
SuppliersNatural gas producers and marketers, Renewable energy developers, Nuclear fuel suppliers, Electrical equipment manufacturers, Vegetation management contractors
CustomersResidential households, Commercial enterprises, Industrial manufacturing plants, Agricultural operations, Wholesale electricity market (CAISO)
Listed1947
Employees28.0K
CEOPatricia Kessler Poppe
SectorUtilities
FilingsSEC EDGAR

Questions, answered.

What is PG&E's market cap?
PG&E (PCG) has a market capitalization of $37.5B and trades on NYSE.
What is PG&E's revenue and profitability?
PG&E generated $25.8B in trailing twelve-month revenue with net income of $3.0B, representing a net margin of 11.4%, with free cash flow of -$4.2B. These figures are based on the Q1 2026 filing.
Who are PG&E's competitors?
PG&E's key competitors include San Diego Gas & Electric Company, NorthWestern Energy Group, Inc. Common Stock, CMS Energy Corporation, and others. These companies compete in similar markets and product categories.
Who does PG&E partner with?
PG&E's notable partners include California Independent System Operator Corporation.
What subsidiaries does PG&E have?
PG&E's subsidiaries include Pacific Gas and Electric Company.
Where is PG&E headquartered?
PG&E is headquartered in United States of America and employs approximately 28,000 people. It has been publicly traded since 1947.