PG&E PCG Gas Contracts — Cost of goods

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Questions, answered.

What is PG&E's gas contracts — cost of goods?

PG&E (PCG) reported gas contracts — cost of goods of $250M in Q4 2025.

How has PG&E's gas contracts — cost of goods changed year-over-year?

PG&E's gas contracts — cost of goods increased by 25.0% year-over-year, from $200M to $250M.

What is the long-term trend for PG&E's gas contracts — cost of goods?

Over 4 years (2021 to 2025), PG&E's gas contracts — cost of goods has grown at a -4.5% compound annual growth rate (CAGR), from $1.2B to $1B.

What does gas contracts — cost of goods mean?

This metric represents the direct costs associated with procuring and managing natural gas supply contracts for the utility's gas distribution segment. It encompasses the commodity purchase price, transportation fees, and hedging costs required to meet customer demand while adhering to regulatory requirements. Fluctuations in this figure typically reflect changes in market commodity prices, supply chain logistics, and the volume of gas throughput managed by the utility.