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Operating Revenue by Segment
Breaks down revenue by different business segments, offering a clear view of which areas are driving growth and where the company might face challenges.Electric is the dominant engine and has moved to a higher, sustained revenue band despite seasonal swings, while Natural Gas remains volatile but generally higher post‑2022. Management’s $73B capital plan, ongoing rate recovery and large‑load pipeline build underpin this topline momentum and the no‑equity financing path, supporting credit improvement. Key risks: bill‑reduction policies, wildfire‑liability reform and state decisions on Diablo Canyon could alter cost recovery and the timing of rate relief, making regulatory outcomes the main wildcard for future revenue durability.
Date | Electric | Natural Gas |
|---|---|---|
Jun 30, 2026 | $4.39B | $1.51B |
Mar 31, 2026 | $4.97B | $1.91B |
Dec 31, 2025 | $5.01B | $1.79B |
Sep 30, 2025 | $4.75B | $1.50B |
Jun 30, 2025 | $4.41B | $1.48B |
Mar 31, 2025 | $4.13B | $1.85B |
Dec 31, 2024 | $4.76B | $1.87B |
Sep 30, 2024 | $4.54B | $1.40B |
Jun 30, 2024 | $4.46B | $1.53B |
Mar 31, 2024 | $4.05B | $1.81B |