PG&E CorporationPCGEarnings & Financial Report
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
Revenue
$6.8B
Gross Profit
N/A
Operating Profit
$1.2B
Net Profit
$670.0M
Gross Margin
N/A
Operating Margin
18.0%
Net Margin
9.8%
YoY Growth
2.6%
EPS
$0.29
PG&E Corporation Q4 FY2025 Financial Summary
PG&E Corporation reported revenue of $6.8B (up 2.6% YoY) for Q4 FY2025, with a net profit of $670.0M (down 0.6% YoY) (9.8% margin).
Key Financial Metrics
| Total Revenue | $6.8B |
|---|---|
| Net Profit | $670.0M |
| Gross Margin | N/A |
| Operating Margin | 18.0% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
PG&E Corporation Q4 FY2025 revenue of $6.8B breaks down across 2 segments, led by Electricity at $5.0B (73.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Electricity | $5.0B | 73.7% |
| Natural Gas Us Regulated | $1.8B | 26.3% |
PG&E Corporation Revenue by Segment — Quarterly Trend
PG&E Corporation revenue by segment across the last 4 reported quarters, showing how each business line (such as Electricity and Natural Gas Us Regulated) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Electricity | — | $5.0B | $4.8B | $4.4B |
| Natural Gas Us Regulated | — | $1.8B | $1.5B | $1.5B |
PG&E Corporation Annual Revenue by Year
PG&E Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $24.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $24.9B |
| 2024 | $24.4B |
| 2023 | $24.4B |
| 2022 | $21.7B |
PG&E Corporation Quarterly Revenue & Net Profit History
PG&E Corporation results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $6.9B | +15.0% | $885.0M | 12.9% |
| Q4 FY2025 | $6.8B | +2.6% | $670.0M | 9.8% |
| Q3 FY2025 | $6.3B | +5.2% | $850.0M | 13.6% |
| Q2 FY2025 | $5.9B | -1.5% | $549.0M | 9.3% |
| Q1 FY2025 | $6.0B | +2.1% | $634.0M | 10.6% |
| Q4 FY2024 | $6.6B | -5.8% | $674.0M | 10.2% |
| Q3 FY2024 | $5.9B | +0.9% | $579.0M | 9.7% |
| Q2 FY2024 | $6.0B | +13.2% | $524.0M | 8.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.99B | $5.94B | $6.63B | $5.98B | $5.90B | $6.25B | $6.80B | $6.88B |
| YoY Growth | 13.2% | 0.9% | -5.8% | 2.1% | -1.5% | 5.2% | 2.6% | 15.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $130.79B | $132.32B | $133.66B | $135.44B | $136.38B | $138.25B | $141.61B | N/A |
| Liabilities | $104.53B | $105.48B | $103.51B | $104.76B | $105.20B | $106.27B | $109.07B | N/A |
| Equity | $26.25B | $26.83B | $30.15B | $30.68B | $31.19B | $31.98B | $32.54B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $711.0M | $3.13B | $1.93B | $2.85B | $1.06B | $2.85B | $1.96B |