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PG&E Business Segments

Business, geographic, and product segment breakdowns

PG&E generates $25.8B in annual revenue across 1 key segments: Administrative service revenue ($194.0M). The company-wide operating margin is 19.35%. Based on the Q1 2026 filing.

Administrative service revenue (TTM)$194.0M
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$37.0B
P/E Ratio12.52
ROE9.24%

Products & Services

Total revenue from contracts with customers

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Administrative service revenue$36.5M$48.5M$48.5M$48.5M$48.5M—

Contract Volume

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Natural Gas179257247.00176395613.00293476836.00274903478.00232825834.00204557995.00
Electric123040895.00116765301.00103445748.00101477325.0093712644.0083584734.00

Cost of Product and Service Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electric$342M$399M$599M$1B$596M$561M
Natural Gas, US Regulated$370M$496M$111M$131M$369M$470M

Regulatory balancing accounts

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electric—$66M-$175M-$1.1B$1.6B$606M
Natural Gas, US Regulated—-$686M$523M$397M-$380M-$102M

Total operating revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Electric$5.6B$4.1B$4.6B$5.8B$3.8B$5B
Natural Gas, US Regulated$1.9B$2.5B$1.5B$1.5B$1.9B$2B

Cost of goods

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gas Contracts$200M$250M$250M$250M$250M—

Geographic

Maximum annual payment incurred per event under the loss sharing program

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Diablo Canyon$49M———$49M—

Maximum available public liability insurance for Diablo Canyon as required by Price-Anderson Act

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Diablo Canyon$500M———$500M—

Maximum public liability per nuclear incident under Price-Anderson Act

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Diablo Canyon$16.3B———$16.3B—

Number of generation facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Diablo Canyon0.500.500.500.500.50—

Amount of indemnification from the nuclear regulatory commission for public liability arising from nuclear incidents

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Humboldt Bay Unit$500M———$500M—

Amount of liability insurance for Humboldt Bay Unit 3

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Humboldt Bay Unit$53M———$53M—

Property Damage Coverage Per Incident

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Humboldt Bay Unit$50M$50M$50M$50M$50M$50M