What is PG&E's pre-tax income?

PG&E (PCG) reported pre-tax income of $905M in Q1 2026.

How has PG&E's pre-tax income changed year-over-year?

PG&E's pre-tax income increased by 34.5% year-over-year, from $673M to $905M.

What is the long-term trend for PG&E's pre-tax income?

Over 3 years (2021 to 2025), PG&E's pre-tax income has grown at a 48.0% compound annual growth rate (CAGR), from $748M to $2.42B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

PG&E PCG Pre-Tax Income

Pre-Tax Income at other companies

Edison InternationalEIX

$671M-65.4%

Sempra EnergySRE

$848M+30.3%

Xcel EnergyXEL

$509M+20.6%

CMS

CMS EnergyCMS

$362M+1.1%

NorthWestern Energy Group, Inc.NWE

$77.25M-16.2%

BKH

Black HillsBKH

$150.7M-2.5%

Other financials

Income statement

See full

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

See full

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

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Market cap$37.04B+21.3%

Enterprise value$97.87B+14.0%

P/E12.5×0.0×

P/S1.4×+0.2×

Profitability

See full

Operating margin19.4%+1.4pp

Net margin11.4%+1.6pp

FCF margin-16.3%—

Returns & leverage

See full

Return on equity9.2%+0.7pp

Debt / equity1.9×+0.1×

Current ratio1.2×+0.3×

Where this comes from

Reported directly by PG&E in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: PG&E’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PG&E's pre-tax income?: PG&E (PCG) reported pre-tax income of $905M in Q1 2026.
How has PG&E's pre-tax income changed year-over-year?: PG&E's pre-tax income increased by 34.5% year-over-year, from $673M to $905M.
What is the long-term trend for PG&E's pre-tax income?: Over 3 years (2021 to 2025), PG&E's pre-tax income has grown at a 48.0% compound annual growth rate (CAGR), from $748M to $2.42B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.