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NYSE · Utilities

PG&E Corp (PCG)

As-reported financials and recent SEC filings for PG&E Corp, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About PG&E Corp

PG&E Corporation is a holding company whose main operating subsidiary is Pacific Gas and Electric Company, a public utility serving Northern and Central California. The utility generates revenue primarily by selling and delivering electricity and natural gas to residential, commercial, and industrial customers in its service area. It focuses on safety, environmental sustainability, and reliable energy delivery while managing regulatory and financial objectives.

Snapshot

Revenue
$24.93B
Revenue growth (YoY)
2.1%
Net income
$2,593
Diluted EPS
$1.18
Gross margin
Operating margin
19.0%
Net margin
0.0%
FCF margin
-12.3%
ROE
0.0%
P/E (TTM)
12.7×
Market cap
$38.76B
Debt / equity
1.8×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at PG&E

  • Revenue grew 2.1% to $24.9B in FY2025, after a 0.0% decline the year before.
  • Operating margin is 19.0% in FY2025, +9.9 pp against 9.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $5.9B, up 0.1% from Q2 FY2025.
  • Free cash flow was negative $3.1B in FY2025.
  • Net income rose 4.8% to $2593 in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where PG&E’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin19.0%
42nd percentile of 86
Net margin0.0%
12th percentile of 91
FCF margin-12.3%
31st percentile of 76
Revenue growth (YoY)+2.1%
22nd percentile of 94
ROE0.0%
14th percentile of 89
P/E (TTM)12.7×
5th percentile of 83
Debt / equity1.75×
86th percentile of 84
Short interest2.81d
18th percentile of 98

PG&E’s P/E of 12.7 ranks in the 5th percentile of the 83 peers with a meaningful P/E. PG&E’s net margin of 0.0% ranks in the 12th percentile of the 91 Utilities companies reporting it. PG&E’s return on equity of 0.0% ranks in the 14th percentile of the 89 Utilities companies reporting it.

No open-market insider buys in the last 90 days; 4 insider sales totaling $3.4M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
7
6 trimmed, 1 exited
Combined position
$2.36B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$1.50B86.2MAdded
Millennium ManagementquantQ1 2026$261.5M14.9MReduced
Citadel AdvisorsquantQ1 2026$199.7M11.4MReduced
Point72 Asset ManagementquantQ1 2026$157.2M8.9MReduced
Two Sigma InvestmentsquantQ1 2026$124.0M7.1MAdded
Greenlight CapitalQ1 2026$116.5M6.6MReduced
Gotham Asset ManagementQ1 2026$770,97243.9KReduced
D. E. ShawquantQ1 2026$508,45828.9KReduced
Bridgewater AssociatesQ1 2026$431,01024.5KNew

No longer held by: Third Point (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
4
$3.4M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-22
filed 2026-07-24
Santos MarleneInsiderSell158.3K$18.00$2.8M
2026-07-22
filed 2026-07-24
Cooper Kerry WhortonDirectorSell1.3K$18.00$23K
2026-06-15
filed 2026-06-16
Peterman Carla JPresident, EVP Cust&Corp AfrsSell31.8K$16.68$530K
2026-06-02
filed 2026-06-03
Cooper Kerry WhortonDirectorSell1.3K$16.50$21K
2026-04-28
Glickman Jason MEVP, Strategy and GrowthSell47.3K$16.35$773K
2026-04-28
Poppe Patricia KChief Executive OfficerSell31.3K$16.39$512K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
38.5M
settled 2026-07-15
Change vs prior
-1.7%
vs previous settlement
Days to cover
2.81
at avg daily volume
Avg daily volume
13.7M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1538.5M-1.7%2.81
2026-06-3039.2M-3.3%1.81
2026-06-1540.5M+10.5%2.36
2026-05-2936.7M-7.1%1.93
2026-05-1539.5M+11.3%2.13
2026-04-3035.5M-11.1%1.47
2026-04-1539.9M-0.6%1.88
2026-03-3140.2M-3.2%1.55

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$24.93B$24.42B$24.43B$21.68B$20.64B
Gross profit
Operating income$4.75B$4.46B$2.67B$1.84B$1.88B
Net income$2,593$2,475$2,242$1,800$-102
Diluted EPS$1.18$1.15$1.05$0.84$-0.05

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$713.0M$940.0M$635.0M$734.0M$291.0M
Current assets$15.83B$17.22B$14.38B$12.81B$11.08B
Total assets$141.61B$133.66B$125.70B$118.64B$103.33B
Current liabilities$16.30B$16.33B$17.31B$15.79B$17.43B
Long-term debt$57.39B$53.57B$50.98B$47.74B$38.23B
Total liabilities$108.82B$103.26B$100.41B$95.57B$82.10B
Total equity$32.79B$30.40B$25.29B$23.07B$21.22B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$8.72B$8.04B$4.75B$3.72B$2.26B
Capital expenditure$11.79B$10.37B$9.71B$9.58B$7.69B
Free cash flow$-3.07B$-2.33B$-4.97B$-5.86B$-5.43B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$5.90B0.1%$761.0M$0.33
Q1 FY2026$6.88B15.0%$885.0M$0.39
Q4 FY2025$6.80B2.6%$0.29
Q3 FY2025$6.25B5.2%$850.0M$0.37
Q2 FY2025$5.90B-1.5%$549.0M$0.24
Q1 FY2025$5.98B2.1%$634.0M$0.28
Q4 FY2024$6.63B-5.8%$0.30
Q3 FY2024$5.94B0.9%$579.0M$0.27

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorUtilities
SIC industryElectric & Other Services Combined
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2017
SEC CIK1004980

Recent SEC filings

10-K2026-02-12
View on EDGAR →
10-K2025-02-13
View on EDGAR →
10-Q2026-07-23
View on EDGAR →
10-Q2026-04-23
View on EDGAR →
10-Q2025-10-23
View on EDGAR →
10-Q2025-07-31
View on EDGAR →
8-K2026-07-23
View on EDGAR →
8-K2026-06-23
View on EDGAR →

Largest Utilities peers

All Utilities companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.