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PG&E PCG Q3 2025 earnings

Reported October 23, 2025 · Before market open

Revenue estimate$6.4B
EPS estimate$0.42

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$6.3B+5.2%
Operating income$1.2B+17.5%
Net income$850.0M+46.8%
EPS (diluted)$0.37+37.0%

Balance sheet

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Cash & equivalents$772.0M-37.2%
Total debt$57.0B-1.5%
Total equity$32.0B+19.2%
Total assets$138.25B+4.5%

Cash flow

See full
Operating cash flow$2.9B-8.9%
CapEx$2.9B+12.5%
Free cash flow-$80.0M

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$33.14B-21.6%
Enterprise value$89.4B-9.6%
P/E12.2×-3.1×
P/S1.3×-0.4×

Profitability

See full
Operating margin18.4%-0.1pp
Net margin10.9%-0.2pp
FCF margin-11.2%

Returns & leverage

See full
Return on equity9.2%-1.6pp
Debt / equity1.8×-0.4×
Current ratio0.9×-0.1×

Segments

By product

See full
Electric$5.8B-0.1%
Natural Gas, US Regulated$1.5B+6.6%

Versus estimates

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Questions, answered.

When did PG&E report Q3 2025 earnings?
PG&E (PCG) reported Q3 2025 earnings on October 23, 2025 before market open.
What were PG&E's Q3 2025 revenue and EPS?
PG&E reported revenue of $6.3B and diluted EPS of $0.50 for Q3 2025.
Did PG&E beat estimates in Q3 2025?
Revenue missed the consensus estimate of $6.4B by $160.6M. EPS beat the consensus estimate of $0.42 by $0.08.
How did PG&E's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.2% from $5.9B a year earlier and diluted EPS grew 35.1% from $0.37.
Where can I find PG&E's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001004980-25-000148) directly on SEC EDGAR. The filing index links above go to sec.gov.