Business
PG&E operates regulated electric and natural-gas utilities in California.
PG&E: Revenue grew 2.1% to $24.935B from $24.419B. Net income grew 7.6% to $2.703B from $2.512B. Free cash flow remained negative, with the outflow widening from $2.334B to $3.071B. Operating margin expanded 79 bps to 19.05%. PG&E's annual comparison also shows free cash flow declined despite revenue growth; stock compensation grew faster than revenue; capital spending grew faster than revenue.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 2.1%OK
- Profitability — Net income grew 7.6% to $2.703B from $2.512BOK
- Cash flow — Free cash flow remained negative, with the outflow widening from $2.334B to $3.071BWatch
- Margins — Operating margin expanded 79 bps to 19.05%OK
- Accounting — Distress-range screen needs contextWatch
- Insiders — 1 purchases and 12 salesOK
Where the revenue comes from
Fiscal 2025, as PG&E Corp reports it. History and quarterly detail are in the app.
- Electric$17.9B
- Natural Gas, US Regulated$6.8B
- Administrative service revenue$194.0M
Leadership changes
From PG&E Corp's own filings, the day they're filed.
- Leo P. Denault · directors · appointmenteff. 2025-02-19
- Utility Boards · Chairman · appointmenteff. 2025-02-19
- Kerry W. Cooper · departure
Latest filings
- 8-K · Company announcement2026-08-31
- 8-K · Company announcement2026-08-04
- 10-Q · Quarterly report2026-07-23
- 8-K · Company announcement2026-07-23
- 8-K · Company announcement2026-06-23
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about PG&E Corp, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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