Pg&E (PCG) Operating Expenses (2009 - 2026)
Pg&E's Operating Expenses came in at $4.64 billion for Q2 2026, down 3.4% from $4.8 billion a year earlier and down 14.3% from the prior quarter.
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Analysis
Pg&E (PCG) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Pg&E reported Operating Expenses of $20.67 billion, up 2.9% year-over-year; for FY2025, it was $20.19 billion, up 1.1% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 3.8% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $19.96 billion in FY2024 (-8.3%), $21.76 billion in FY2023 (+9.6%), $19.84 billion in FY2022 (+5.8%) and $18.76 billion in FY2021 (+12.2%).
- The Q2 2026 figure represents the lowest quarterly Operating Expenses since Q1 2024.
- Year-over-year, Operating Expenses increased in three of the last eight quarters, with an average year-over-year change of 0.0%.
- The fastest year-over-year change in Operating Expenses over five years came in Q1 2022 (growth of 19.3%), and the weakest in Q1 2024 (a decline of 17.8%).
- Business Quant data shows PCG's Operating Expenses at $5.41 billion (Q1 2026), $5.58 billion (Q4 2025) and $5.04 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | 5.29 Bn |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 5.20 Bn |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 6.84 Bn |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 4.20 Bn |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | 4.15 Bn |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 1.35 Bn |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | 2.67 Bn |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | 2.41 Bn |
| 10 | Pg&E | 29.32 Bn | 26.10 Bn | 4.99 Bn | 4.64 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.64 Bn |
| Mar 31, 2026 | 5.41 Bn |
| Dec 31, 2025 | 5.58 Bn |
| Sep 30, 2025 | 5.04 Bn |
| Jun 30, 2025 | 4.80 Bn |
| Mar 31, 2025 | 4.76 Bn |
| Dec 31, 2024 | 5.61 Bn |
| Sep 30, 2024 | 4.91 Bn |
| Jun 30, 2024 | 4.85 Bn |
| Mar 31, 2024 | 4.59 Bn |
| Dec 31, 2023 | 5.91 Bn |
| Sep 30, 2023 | 5.49 Bn |
| Jun 30, 2023 | 4.78 Bn |
| Mar 31, 2023 | 5.58 Bn |
| Dec 31, 2022 | 5.24 Bn |
| Sep 30, 2022 | 4.67 Bn |
| Jun 30, 2022 | 4.67 Bn |
| Mar 31, 2022 | 5.26 Bn |
| Dec 31, 2021 | 4.61 Bn |
| Sep 30, 2021 | 5.16 Bn |
API Access
Pg&E Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=PCG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "PCG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=PCG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();