What is PG&E's operating income?

PG&E (PCG) reported operating income of $1.47B in Q1 2026.

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

PG&E's operating income increased by 20.5% year-over-year, from $1.22B to $1.47B.

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

Over 4 years (2021 to 2025), PG&E's operating income has grown at a 26.0% compound annual growth rate (CAGR), from $1.88B to $4.75B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

PG&E PCG Operating Income

Operating Income at other companies

Edison InternationalEIX

$1.07B-49.7%

Xcel EnergyXEL

$754M+11.4%

CMS

CMS EnergyCMS

$490M-0.8%

NorthWestern Energy Group, Inc.NWE

$114.11M-8.5%

BKH

Black HillsBKH

$201.9M-1.5%

UnitilUTL

$55.9M+21.0%

Other financials

Income statement

See full

Revenue$6.9B+15.0%

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

See full

Operating cash flow$2.4B-14.7%

CapEx$3.4B+27.4%

Free cash flow-$926.0M-535%

Valuation

See full

Market cap$38.27B+23.0%

Enterprise value$99.1B+14.7%

P/E13×+0.2×

P/S1.5×+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:OperatingIncomeLoss.

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 operating income?: PG&E (PCG) reported operating income of $1.47B in Q1 2026.
How has PG&E's operating income changed year-over-year?: PG&E's operating income increased by 20.5% year-over-year, from $1.22B to $1.47B.
What is the long-term trend for PG&E's operating income?: Over 4 years (2021 to 2025), PG&E's operating income has grown at a 26.0% compound annual growth rate (CAGR), from $1.88B to $4.75B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.