Revenue Growth Acceleration
Revenue grew 15.0% year-over-year to $6.88B in Q1 2026 from $5.98B in Q1 2025, reflecting continued rate base expansion and increased customer demand for electricity and gas services in PG&E's regulated service territory.
PG&E Corp is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: PG&E Corporation delivered strong Q1 2026 results with revenue rising 15.0% YoY to $6.88B and EPS jumping 39.3% to $0.39, driven by higher operating income, though long-term debt expanded 14.2% to $60.1B and cash declined sharply.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 15.0% year-over-year to $6.88B in Q1 2026 from $5.98B in Q1 2025, reflecting continued rate base expansion and increased customer demand for electricity and gas services in PG&E's regulated service territory.
Operating income rose 20.5% YoY to $1.47B, with operating margin expanding approximately 97 basis points to 21.4%, suggesting improved cost efficiency relative to revenue growth in the regulated utility business.
Long-term debt grew 14.2% YoY to $60.1B, consistent with PG&E's ongoing multi-year capital expenditure program to modernize grid infrastructure, improve wildfire safety, and support clean energy transition mandates.
Revenue
$6.88B
++15.01% YoY
EPS (Basic)
$0.39
++39.29% YoY
Operating Income
$1.47B
++20.49% YoY
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