PG&E Corp (PCG)

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cells, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, switching and distribution substations; and natural gas transmission, storage, and distribution systems consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1995 and is based in Oakland, California.

Symbol: PCG
Exchange: NYSE
Sector: Utilities
Industry: Utilities - Regulated Electric
Market cap: $27.13B
52 week range: 11.77 - 19.16

Valuation

Share price: $12.32 (close of 2026-10-02)
P/E (TTM): 8.93x
Price to book: 0.79x
Price to free cash flow: -6.36x
Enterprise value: $90.86B
Book value per share: $15.51

Price performance

Period	Change
1 day	+1.23%
5 days	-0.16%
1 month	-7.58%
3 months	-27.74%
6 months	-30.67%
Year to date	-23.34%
1 year	-21.18%
3 years	-19.05%
5 years	+28.20%
10 years	-79.86%
All time	-12.81%

Members of Congress who disclosed PCG trades

Gilbert Ray Cisneros · Val Hoyle

Super investors holding PCG

Ken Griffin (Citadel) · David Einhorn (DME Capital Management) · Ray Dalio (Bridgewater Associates) · First Pacific Advisors (First Pacific Advisors, LP)

Profitability and growth

Return on equity: 8.24%
Return on invested capital: 5.08%
Return on assets: 1.91%
Return on capital employed: 3.79%
Gross margin: 19.05%
Net margin: 10.84%
EBITDA margin: 19.05%
Revenue growth: 2.11%
Net income growth: 7.60%
Free cash flow growth: -31.58%

Cash flow and balance sheet

Free cash flow yield (TTM): -15.71%
Current ratio: 1.22x
Net debt to EBITDA: 6.04x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $24.93B
Cost of revenue: $20.19B
Gross profit: $4.75B
EBITDA: $4.75B
Net income: $2.70B
Earnings per share: $1.18
Shares outstanding: 2.20B

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$24.93B	$4.75B	$2.70B	$1.18
2024-12-31	$24.42B	$4.46B	$2.51B	$1.16
2023-12-31	$24.43B	$2.67B	$2.26B	$1.09
2022-12-31	$21.68B	$1.84B	$1.81B	$0.91
2021-12-31	$20.64B	$1.88B	-$88.00M	$-0.05
2020-12-31	$18.47B	$1.75B	-$1.30B	$-1.05
2019-12-31	$17.13B	-	-$7.64B	$-14.50
2018-12-31	$16.76B	-	-$6.84B	$-13.25
2017-12-31	$17.14B	$2.90B	$1.66B	$3.21
2016-12-31	$17.67B	$2.08B	$1.41B	$2.79

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	19.05%	10.84%	8.24%	5.08%
2024-12-31	18.26%	10.29%	8.26%	5.08%
2023-12-31	10.93%	9.24%	8.92%	3.24%
2022-12-31	8.47%	8.37%	7.86%	2.42%
2021-12-31	9.12%	-0.43%	-0.41%	1.61%
2020-12-31	9.50%	-7.06%	-6.14%	2.33%
2019-12-31	-	-44.61%	-141.83%	-109.67%
2018-12-31	-	-40.80%	-52.99%	-12.35%
2017-12-31	16.95%	9.69%	8.53%	6.43%
2016-12-31	11.77%	7.96%	7.73%	5.80%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$713.00M	$57.39B
2024-12-31	$940.00M	$53.57B
2023-12-31	$635.00M	$50.98B
2022-12-31	$734.00M	$47.74B
2021-12-31	$291.00M	$38.23B
2020-12-31	$484.00M	$37.29B
2019-12-31	$1.57B	-
2018-12-31	$1.67B	$22.07B
2017-12-31	$449.00M	$17.75B
2016-12-31	$177.00M	$16.22B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$3.07B	$134.00M
2024-12-31	-$2.33B	$98.00M
2023-12-31	-$4.97B	$91.00M
2022-12-31	-$5.86B	$115.00M
2021-12-31	-$5.43B	$56.00M
2020-12-31	-$26.82B	$35.00M
2019-12-31	-$1.50B	$50.00M
2018-12-31	-$1.76B	$89.00M
2017-12-31	$336.00M	$85.00M
2016-12-31	-$1.30B	$108.00M

Dividend history

Most recent payment: 2026-09-30
Paid in the last twelve months: $0.20

Payment date	Dividend per share
2026-09-30	$0.05
2026-06-30	$0.05
2026-03-31	$0.05
2025-12-31	$0.05
2025-09-30	$0.03
2025-06-30	$0.03
2025-03-31	$0.03
2024-12-31	$0.03

Investor relations

Next earnings report

Next confirmed report: 2026-10-22
Consensus EPS estimate: $0.40

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-23	Jun/2026	$0.37
2026-04-23	Mar/2026	$0.39
2026-02-12	Dec/2025	$0.38
2025-10-23	Sep/2025	$0.44
2025-07-31	Jun/2025	$0.33
2025-04-24	Mar/2025	$0.35
2025-02-13	Dec/2024	$0.31
2024-11-07	Sep/2024	$0.32

Filings and sources

Company website: pgecorp.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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