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PG&E PCG Administrative service revenue — Total revenue from contracts with customers

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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$39.88B+32.2%
Enterprise value$102.29B+19.6%
P/E12.6×+0.2×
P/S1.5×+0.3×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: PG&E’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PG&E's administrative service revenue — total revenue from contracts with customers?
PG&E (PCG) reported administrative service revenue — total revenue from contracts with customers of $48.5M in Q4 2025.
How has PG&E's administrative service revenue — total revenue from contracts with customers changed year-over-year?
PG&E's administrative service revenue — total revenue from contracts with customers increased by 32.9% year-over-year, from $36.5M to $48.5M.
What is the long-term trend for PG&E's administrative service revenue — total revenue from contracts with customers?
Over 4 years (2021 to 2025), PG&E's administrative service revenue — total revenue from contracts with customers has grown at a 13.2% compound annual growth rate (CAGR), from $118M to $194M.
What does administrative service revenue — total revenue from contracts with customers mean?
This metric represents the total revenue generated from administrative and support services provided to third parties or affiliated entities under specific contractual agreements. It reflects the income stream derived from non-core utility operations that leverage the company's internal infrastructure and back-office capabilities. Monitoring this revenue helps investors assess the scale and growth of auxiliary service lines that operate outside of traditional regulated utility rate-base activities.