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PG&E PCG Utilities Operating Expense, Maintenance and Operations

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Other financials

Income statement

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Revenue$5.9B+0.1%
Operating income$1.3B+15.2%
Net income$761.0M+38.6%
EPS (diluted)$0.33+37.5%

Balance sheet

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Cash & equivalents$1.2B+70.8%
Total debt$63.6B+13.6%
Total equity$33.9B+8.7%
Total assets$145.08B+6.4%

Cash flow

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Operating cash flow$906.0M-14.3%
CapEx$3.0B-3.2%
Free cash flow-$2.1B-2.6%

Valuation

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Market cap$37.44B+12.6%
Enterprise value$99.85B+12.7%
P/E11.8×-1.8×
P/S1.5×+0.1×

Profitability

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Operating margin20%+2.1pp
Net margin12.3%+2.3pp
FCF margin-16.5%

Returns & leverage

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Return on equity9.7%+1.2pp
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:UtilitiesOperatingExpenseMaintenanceAndOperations.

The source filing: PG&E’s 10-Q, filed July 23, 2026.

Filed
Jul 22, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001004980-26-000048
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating Expenses
Cost of electricity8005991,361998
Cost of natural gas115111585607
Operating and maintenance2,5362,8605,6485,506
Wildfire-related claims, net of recoveries5099
Wildfire Fund expense126109228185
Depreciation, amortization, and decommissioning1,0621,0732,2282,170
Total operating expenses4,6394,80210,0509,565

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is PG&E's utilities operating expense, maintenance and operations?
PG&E (PCG) reported utilities operating expense, maintenance and operations of $2.54B in Q2 2026.
How has PG&E's utilities operating expense, maintenance and operations changed year-over-year?
PG&E's utilities operating expense, maintenance and operations decreased by 11.3% year-over-year, from $2.86B to $2.54B.
What is the long-term trend for PG&E's utilities operating expense, maintenance and operations?
Over 4 years (2021 to 2025), PG&E's utilities operating expense, maintenance and operations has grown at a 2.7% compound annual growth rate (CAGR), from $10.2B to $11.35B.
What does utilities operating expense, maintenance and operations mean?
This metric represents the recurring costs incurred by a utility company to maintain its infrastructure and conduct daily operations necessary to provide reliable service. It encompasses labor, materials, and routine maintenance activities required to support the distribution and transmission network. Monitoring this figure helps investors assess the operational efficiency and cost management discipline of the utility provider.

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