PCGPG&E Corporation

Utilities · Electric & Gas Utilities · NYSE

PG&E Corporation, incorporated in California in 1995, is a holding company whose primary operating subsidiary is Pacific Gas and Electric Company, a public utility operating in Northern and Central California. 10-K, Item 1

Headquarters: Oakland, CA
CEO: Patricia K. Poppe
Next results: around Feb 11, 2027

Compare with peers → Embed

RevenueFY2016–25 $24.9B+2.1% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $2.6B+4.8% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 −$3.1B FY2024: −$2.3B 10-K FY2025 · XBRL Operating marginFY2016–25 19.0%+0.8 pts 11.8% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 12, 2026 against Feb 13, 2025

Area	What changed	Source
Risk factors	9 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Inventory growing faster than revenue	Inventory +44.2% vs revenue +2.1% (+42.1 pts)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	1 open-market buy in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 12, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-13. Quoted as filed.

An Enhanced Oversight and Enforcement Process proceeding could result in the Utility losing its license to operate as a utility.
10-K, Item 1A

All 9 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Inventory growing faster than revenueInventory +44.2% vs revenue +2.1% (+42.1 pts)
✓
Receivables +2.1% vs revenue +2.1% (+0.0 pts)
✓
Cash from operations $8.7B vs net income $2.7B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No longer listed: Wildfire-Related Contingencies and Recoveries. Same as last year: Regulation and Regulated Operations
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 22, 20268-K Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
Oct 22, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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