PG&E Corporation (PCG) is listed on NYSE and operates in the Regulated Electric industry (Utilities sector).
PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 18 |
| Hold | 11 |
| Sell | 1 |
| Strong Sell | 0 |
PG&E Corporation is a holding company involved in the generation, transmission, and distribution of electricity and natural gas. It serves a wide range of customers by providing essential utility services. The company focuses on various energy sectors, including electricity and natural gas, and is also engaged in solar energy and sustainability initiatives. Established in 1995, PG&E Corporation is headquartered in Oakland, California. As a key player in the regulated electric industry, the company is responsible for maintaining and operating infrastructure critical to energy delivery. PG&E Corporation's operations are integral to ensuring reliable energy supply and supporting the transition to more sustainable energy solutions.
Over the past three fiscal years, the company has demonstrated a mixed financial performance. Revenue showed an inconsistent trend, growing at a modest CAGR of 1.0% from $24.43 billion in 2023 to $24.94 billion in 2025. Despite this, the company achieved consistent improvements in profitability, with operating margins increasing by 3.2 percentage points from 16.4% to 19.6%, and net margins rising by 1.6 percentage points to 10.8%. This margin expansion was supported by a consistent increase in EPS, which grew at a CAGR of 6.0%, reaching $1.18 by 2025. On the cash flow front, operating cash flow increased significantly at a CAGR of 35.5%, reaching $8.72 billion in 2025, indicating strong cash generation capabilities. However, free cash flow remained negative throughout the period, though it improved from -$4.97 billion in 2023 to -$3.07 billion in 2025, reflecting ongoing challenges in converting earnings to free cash. The company's net debt consistently increased, rising from $57.10 billion to $60.62 billion, which, combined with a low interest coverage ratio of 1.6x, suggests a constrained financial flexibility. Despite these challenges, the company's cash conversion ratio improved to 3.22, indicating that earnings are increasingly backed by actual cash flows. However, liquidity remains a concern with a current ratio below 1, highlighting potential short-term financial pressures.
Recent developments for Pacific Gas and Electric Company (PG&E) include a strategic product launch and upcoming financial results. On April 17, 2026, PG&E introduced the PG&E PowerHouse, an all-electric model home and technology demonstration lab at their Applied Technology Services facility in San Ramon, California. This initiative aims to simplify and reduce the cost of electrification for consumers. Additionally, PG&E is set to report its Q1 earnings soon, with investors keenly anticipating the results to gauge the company's financial health and future prospects. In terms of strategic partnerships, PG&E has collaborated with Tesla to integrate the Cybertruck into its V2X program, allowing customers to use their vehicles for home backup and grid support, enhancing grid flexibility and resilience. Furthermore, the U.S. Nuclear Regulatory Commission has approved a 20-year license renewal for PG&E's Diablo Canyon Power Plant, ensuring continued clean energy supply for approximately four million Californians. These developments underscore PG&E's commitment to innovation and sustainability while maintaining its focus on operational efficiency and customer service.