Why did PG&E Corporation (PCG) stock move recently?

On 9/2/2026, PG&E Corporation moved -9.7% — PG&E extended its decline after launching a strategic review and deferring about $2 billion of planned work following the California legislature's failure to pass wildfire liability protections. The company said it would invest $11.4 billion in California in 2027 as part of the review. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is PG&E Corporation (PCG) overvalued or fairly valued?

MarketChacha shows PG&E Corporation's valuation in context — a trailing P/E of about 10.6, a forward P/E of about 7.7, a price-to-book of about 0.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does PG&E Corporation's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.88×) from reported figures — education, not a rating.

What is PG&E Corporation's revenue?

PG&E Corporation reported revenue of $24.9B for FY2025, with net profit of $2.7B, per official filings.

What is the share price of PG&E Corporation (PCG)?

PG&E Corporation last traded at $14.16 (+1.4% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

PG&E Corporation

PCG · NYSE · Utilities · United States

Snapshot

TickerPCG

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Electric

CountryUnited States

Employees29,010

HeadquartersOakland, United States

Websitewww.pgecorp.com

Filings tracked22

About PG&E Corporation

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.

Who owns it

Insiders0.2%
Institutions99.8%
Public & other0.0%

1,301 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.58%
Vanguard Capital Management LLC5.30%
State Street Corporation4.79%
FMR, LLC4.46%
Vanguard Portfolio Management LLC4.14%
Massachusetts Financial Services Co.3.79%
AQR Capital Management, LLC3.22%
Geode Capital Management, LLC2.50%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.88×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend9.2% → 10.8%

Margin has expanded by about 1.6 points — the business is getting more profitable.

Growth qualityrev 1% · PAT 9%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $6.5B · EPS 0.39

Est. earnings growth +9.1%

Next fiscal year

Rev $27.2B · EPS 1.80

Est. earnings growth +9.5%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$24.9B

Net margin

10.8%

ROE

8.3%

Revenue CAGR (2y)

+1.0%

Profit CAGR (2y)

+9.5%

EPS (FY2025)

1.18

Net profit (FY2025)

$2.7B

Ask MarketChacha about PCG

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 2, 2026
PG&E extended its decline after launching a strategic review and deferring about $2 billion of planned work following the California legislature's failure to pass wildfire liability protections. The company said it would invest $11.4 billion in California in 2027 as part of the review.
source 1 ↗source 2 ↗· confidence: high
Sep 1, 2026
PG&E shares rose as reports indicated California lawmakers were set to kill or reject a wildfire liability bill that lacked protections for utilities, easing concerns from the prior day's sharp drop.
source 1 ↗source 2 ↗source 3 ↗· confidence: high
Aug 31, 2026
PG&E dropped alongside other California utilities after the amended state wildfire bill (SB 492) advanced without a liability cap or a way to refill the Wildfire Fund. The shares closed around $13.53.
source 1 ↗source 2 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$24.9B	$2.7B	1.18	10.8%	8.3%
FY2024	$24.4B	$2.5B	1.15	10.3%	8.3%
FY2023	$24.4B	$2.3B	1.05	9.2%	9.0%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$5.9B	$761.0M	0.33	12.9%
2026Q1	$6.9B	$885.0M	0.39	12.9%
2025Q3	$6.3B	$850.0M	0.37	13.6%
2025Q2	$5.9B	$549.0M	0.24	9.3%
2025Q1	$6.0B	$634.0M	0.28	10.6%
2024Q3	$5.9B	$579.0M	0.27	9.7%
2024Q2	$6.0B	$524.0M	0.24	8.8%
2024Q1	$5.9B	$735.0M	0.34	12.5%
2023Q3	$5.9B	$351.0M	0.16	6.0%
2023Q2	$5.3B	$410.0M	0.19	7.8%
2023Q1	$6.2B	$572.0M	0.27	9.2%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC8/4/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/23/2026material
10-Q filing
SEC7/23/2026
8-K — Material agreement, Other events, Exhibits
SEC6/23/2026material
8-K — Other events, Exhibits
SEC6/3/2026material
8-K — Shareholder vote results
SEC5/26/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/23/2026material
10-Q filing
SEC4/23/2026
8-K — Other events, Exhibits
SEC2/20/2026material
8-K — Other events, Exhibits
SEC2/19/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/12/2026material
10-K filing
SEC2/12/2026

2025

8-K — Executive/director change, Bylaw/charter change, Other events, Exhibits
SEC12/17/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/23/2025material
10-Q filing
SEC10/23/2025
8-K — Other events, Exhibits
SEC10/2/2025material
8-K — Reg FD disclosure
SEC9/26/2025material
8-K — Material agreement, Material financial obligation, Other events, Exhibits
SEC9/24/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/15/2025material
8-K — Executive/director change
SEC9/12/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/31/2025material
10-Q filing
SEC7/31/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.