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PG&E Corporation (PCG): financials, SEC filings and peers

PG&E Corporation (PCG) is a multi-utilities company in the Utilities sector of the S&P 500, headquartered in Oakland, California.

It was founded in 1905 and joined the S&P 500 on October 3, 2022.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Electric & Other Services Combined”.

PG&E Corporation at a glance

Revenue (12 months)
$25.8B
Revenue growth
+5.7%
Operating margin
20.0%
Net income (12 months)
$3.2B
Free cash flow (12 months)
−$4.3B
Cash
$972M
Debt
$64.2B
Diluted EPS (12 months)
$1.38

Twelve months to June 30, 2026, from the 10-Q filed July 23, 2026.

Latest twelve months

Over the twelve months to June 30, 2026, PG&E Corporation reported revenue of $25.8 billion, about the same as a year earlier (+5.7%).

Its operating margin was 20.0%, up 2.1 percentage points from a year earlier: for every $100 of sales, about $20 was left as operating profit.

Net income was $3.2 billion (12.3% of revenue), 30.0% higher than a year earlier.

Operating cash flow was $8.1 billion and capital spending $12.4 billion, leaving free cash flow of −$4.3 billion (-16.5% of revenue). Capital spending equal to 48% of revenue is high; the company is investing heavily.

At the end of the period it held $972 million in cash and $64.2 billion in debt, a net debt position of $63.2 billion.

The diluted share count rose 3.7% in a year, which dilutes existing shareholders.

Five-year trend

  • Revenue went from $18.5 billion in fiscal 2020 to $24.9 billion in fiscal 2025, about 6.2% a year.
  • Operating margin widened from 9.5% to 19.0% over the same years.
  • Free cash flow was negative in 6 of the last 6 fiscal years.
  • PG&E Corporation reported a net loss in 2 of the last 6 fiscal years.
Fiscal year20212022202320242025
Revenue$20.6B$21.7B$24.4B$24.4B$24.9B
Revenue growth11.8%5.0%12.7%-0.0%2.1%
Operating margin9.1%8.5%10.9%18.3%19.0%
Net income−$88M$1.8B$2.3B$2.5B$2.7B
Free cash flow−$5.4B−$5.9B−$5.0B−$2.3B−$3.1B
Diluted EPS$-0.05$0.84$1.05$1.15$1.18

Fiscal years as reported in PG&E Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

  • 8-K filed August 31, 2026 — Regulation FD disclosure
  • 8-K filed August 4, 2026 — Other event
  • 10-Q filed July 23, 2026 — quarterly report
  • 8-K filed July 23, 2026 — Earnings results; Regulation FD disclosure
  • 8-K filed June 23, 2026 — Material agreement; Other event
  • 8-K filed June 3, 2026 — Other event
  • 8-K filed May 26, 2026 — Shareholder vote results
  • 10-Q filed April 23, 2026 — quarterly report

All PG&E Corporation filings on SEC EDGAR

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Questions about PG&E Corporation

Is PG&E Corporation's revenue growing?

Yes. Revenue for the twelve months to June 30, 2026 was $25.8 billion, up 5.7% from a year earlier, according to its SEC filings.

Is PG&E Corporation profitable?

Yes. It earned $3.2 billion in net income over the twelve months to June 30, 2026, a net margin of 12.3%.

Does PG&E Corporation have more cash or more debt?

At June 30, 2026 it had $972 million in cash and $64.2 billion in debt, so more debt than cash.

When did PG&E Corporation last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on July 23, 2026.

Which companies are similar to PG&E Corporation?

In the S&P 500, PG&E Corporation is grouped in Multi-Utilities within the Utilities sector. Ameren (AEE), CMS Energy (CMS), CenterPoint Energy (CNP), Dominion Energy (D), DTE Energy (DTE) are in the same group.

Understand the numbers

Source: PG&E Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.