PCG

Pg&e Corp Utilities Electric & Other Services Combined S&P 500Russell 3000
$13.18Close $29.0BMarket cap $11.90 – $19.0052-week range Late-januaryNext report · estimated

Highlights

Cautions

  • Not in an uptrend 0 of 8 trend conditions
  • Lagging the market RS 15 · weaker than 85% of stocks over 12 months
  • Far from its high 31% below its 52-week high
  • Financial distress Altman Z″ in the distress zone

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Jul 23, 2026
Off 12-month high 31%
1wk up 4.4% price change
1mo up 7.6% price change
12-month return down 16% market up 11% · its own down 26%
F-score — — Not assessed
Altman Z″ 0.50 Elevated risk
P/E 11171958.3× price / earnings
PEG 5,194,172.88 P/E / EPS growth
P/B 0.9× price / book
Earnings yield up 5.5% EBIT / enterprise value
Cheaper than 58% of the market · around average
Revenue growth up 2% year on year
EPS growth — latest quarter
Sales growth 0% latest quarter · -15 pts
ROE 0% return on equity
Free cash margin down 12% -$3.1B FCF
D/E 1.76 long-term debt / equity
Net debt / EBITDA 11.9×
Interest cover —EBIT / interest
Piotroski tests

Repair signals

  • Revenue reaccelerating (-0% then +2%)

Trade setup

ATR% 3.0% $0.40 a day · 2×ATR $12.38
RS 15 / 99 vs the universe
Trend 0 / 8 trend template
Relative volume 0.5× vs 50-day average
Up/down volume 0.85 50 sessions
Implied move — no scheduled report
Trend template · 0 of 8

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
  • Heavily indebted Net debt is 11.9 times EBITDA — roughly 12 years of earnings before interest, tax and depreciation to repay borrowings in full.
Last reported Oct 22, 2026
Last shock Aug 31, 2026-20% in one session5.9× volumeon an SEC filing0% since
Options $1.5M41.9% IV · activity

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $24.9B +2% on FY2024
$0 $25B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $18.5B FY2021 · $20.6B FY2022 · $21.7B FY2023 · $24.4B FY2024 · $24.4B FY2025 · $24.9B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $2,593 +5% on FY2024
-$2B $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$1.3B FY2021 · -$102 FY2022 · $1,800 FY2023 · $2,242 FY2024 · $2,475 FY2025 · $2,593
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$3.1B
-$50B $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$26.8B FY2021 · -$5.4B FY2022 · -$5.9B FY2023 · -$5.0B FY2024 · -$2.3B FY2025 · -$3.1B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net 0%
  • Free cash -12%
-200% 0% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net -7% · Free cash -145% FY2021 · Net -0% · Free cash -26% FY2022 · Net 0% · Free cash -27% FY2023 · Net 0% · Free cash -20% FY2024 · Net 0% · Free cash -10% FY2025 · Net 0% · Free cash -12%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $56.7B net debt
  • Cash
  • Long-term debt
$0 $100B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $484.0M · Long-term debt $37.3B FY2021 · Cash $291.0M · Long-term debt $38.2B FY2022 · Cash $734.0M · Long-term debt $47.7B FY2023 · Cash $635.0M · Long-term debt $51.0B FY2024 · Cash $940.0M · Long-term debt $53.6B FY2025 · Cash $713.0M · Long-term debt $57.4B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 2.20bn +10.7% since FY2020
2.20bn 1.98bn FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 1.98bn FY2021 · 1.99bn FY2022 · 1.99bn FY2023 · 2.13bn FY2024 · 2.19bn FY2025 · 2.20bn
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $18.5B $20.6B $21.7B $24.4B $24.4B $24.9B
Operating income $1.8B $1.9B $1.8B $2.7B $4.5B $4.7B
Net income -$1.3B -$102 $1,800 $2,242 $2,475 $2,593
Net margin -7% -0% 0% 0% 0% 0%
Earnings per share -$1.04 -$0.00 $0.00 $0.00 $0.00 $0.00
Free cash flow -$26.8B -$5.4B -$5.9B -$5.0B -$2.3B -$3.1B
Free cash margin -145% -26% -27% -20% -10% -12%
Cash $484.0M $291.0M $734.0M $635.0M $940.0M $713.0M
Long-term debt $37.3B $38.2B $47.7B $51.0B $53.6B $57.4B
Shareholders' equity $21.0B $21.0B $22.8B $25.0B $30.1B $32.5B
Shares outstanding 1.98bn 1.99bn 1.99bn 2.13bn 2.19bn 2.20bn

What options price now

Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
$12 – $14 ±9.5% by Nov 27, 2026
Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
Bigger 41.9% priced · 23.2% recent
Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
About the same
Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
past week: costs more
Positioning
Premium traded
$1.5M calls $1.3M · puts $212,332 · latest session
Puts against calls, by premium Money spent on puts divided by money spent on calls. Measured in dollars rather than contracts on purpose: counting contracts treats a hundred cheap lottery tickets as more meaningful than one large position, which is backwards. Methodology
0.16× -0.26 over the week
Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
calls +106.89k · puts +17.08k past week

For options traders: ATM IV 41.9% (-6.2% 1w) · 1m ÷ 3m IV 0.97 · 25Δ skew -2.5 pts · Net GEX $22.6M

Most traded contracts

No contract passed the liquidity filters this week.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Jul 23, 2026 Quarterly ↗ Jun 30, 2026 23d
Apr 23, 2026 Quarterly ↗ Mar 31, 2026 23d
Feb 12, 2026 Annual ↗ Dec 31, 2025 43d
Oct 23, 2025 Quarterly ↗ Sep 30, 2025 23d
Jul 31, 2025 Quarterly ↗ Jun 30, 2025 31d
Apr 24, 2025 Quarterly ↗ Mar 31, 2025 24d
Feb 13, 2025 Annual ↗ Dec 31, 2024 44d
Nov 7, 2024 Quarterly ↗ Sep 30, 2024 38d
Jul 25, 2024 Quarterly ↗ Jun 30, 2024 25d
Apr 25, 2024 Quarterly ↗ Mar 31, 2024 25d
Feb 22, 2024 Annual ↗ Dec 31, 2023 53d
Oct 26, 2023 Quarterly ↗ Sep 30, 2023 26d

Current reports