PCG at a glance
PG&E Corporation (PCG, SEC CIK 1004980) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 23, 2026, an 8-K current report on August 31, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), PG&E Corporation (PCG) reported revenue of $24.9 billion (up 2.1% from FY2024) and net income of $2.6 billion. Diluted EPS was $1.18.
- As of June 30, 2026, 42 institutional investment managers tracked by SignalX reported holding PG&E Corporation (PCG) shares worth $18.5 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by LARSEN JOHN O on September 30, 2026 of 7,500 shares at $12.20 per share.
- In the last 90 days, PCG insiders reported 1 open-market purchase ($92K) and 3 open-market sales ($3.0M) on Form 4, a net sale of $2.9M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $24.9B
- +2.1% vs prior year
- Insiders · 90 days
- 1 buy · 3 sells
- Net −$2.9M
- 13F holders
- 42 funds
- $18.5B · +3 vs prior quarter
- Latest 8-K
- Aug 31, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Utility services focused on electricity and gas distribution in regulated markets
- Emphasis on inflation and supply chain challenges causing increased costs for equipment, labor, and materials
- Risk highlighted: inflationary pressures may delay maintenance and capital projects impacting operational reliability
- Financial constraint risk: Utility's asset deterioration could limit dividends to PG&E Corporation, affecting its financial obligations
- No new product lines or segments introduced; operational risks and cost pressures are the filing’s distinctive focus
Risk Factors
- Regulatory risk from IRC Section 382 ownership change limits on $38.3B U.S. and $34.1B California net operating loss carryforwards
- Macroeconomic exposure to California cap-and-trade program costs impacting electricity and natural gas procurement expenses
- Operational risk from increased cost of electricity by $348M in 2025 due to higher procurement, transmission rates, and nuclear fuel amortization
- Market disruption risk from CAISO electricity market dynamics affecting net power sales and renewable power sales volumes
- Financial leverage risk with PG&E Corporation net loss $472M in 2025 driven by interest expense on long-term debt
Management Discussion & Analysis
- Utility may receive up to $1.0B from Citizens Energy through lease agreements, with ~$200M upfront per lease option
- Lease transactions subject to FERC and CPUC regulatory approvals
- Dividend policy targeting ~20% payout ratio of core earnings by 2028, subject to Board approval
- Dividend amounts depend on earnings, cash flows, credit metrics, and business conditions
AI summary of the PCG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Wildfire mitigation, recovery uncertainty, and climate-driven severe weather as major financial headwinds
- Wildfire Fund asset accelerated amortization $78 million as of June 30, 2026
- Regulatory recovery receivables $638 million for 2021 Dixie fire and $61 million for 2022 Mosquito fire
- 2019 Kincade fire Wildfire Fund receipt $128 million, recorded as deferred gain
- Dixie fire liabilities exceeding applicable insurance coverage; future recoveries uncertain
AI summary of the PCG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Filing contains only Regulation FD disclaimer and signature pages, with no substantive investor disclosure
- Filed by PG&E Corporation and Pacific Gas and Electric Company on August 31, 2026
Item 2.02: Results of Operations and Financial Condition
- PG&E reported Q2 2026 financial results for the quarter ended June 30, 2026
- Results cover both PG&E Corporation and subsidiary Pacific Gas and Electric Company
Item 7.01: Regulation FD Disclosure
- PG&E formalizes investor access to regulatory filings through its investor-relations website
- Potentially material CPUC and FERC proceedings may be posted online before or alongside SEC filings
Item 1.01: Entry into a Material Definitive Agreement
- Utility revolving credit maturity extended to June 20, 2031, improving long-term liquidity runway
- Aggregate lender commitments increased from $5.4 billion to $6.25 billion
Item 8.01: Other Events
- PG&E extended its revolving credit facility maturity to June 22, 2029, improving near-term liquidity runway
- Interest-rate and commitment-fee pricing grids were revised, affecting future borrowing costs
AI summaries of PCG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PCG
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| DENAULT LEO P | A | Sep 30, 2026 | 2,653.06 | $12.25 |
| LARSEN JOHN O | Buy | Sep 30, 2026 | 7,500 | $12.20 |
| Vallejo Alejandro T | A | Sep 23, 2026 | 596.66 | $12.41 |
| Fugate William Craig | Sell | Sep 4, 2026 | 6,500 | $13.76 |
| Vallejo Alejandro T | A | Aug 21, 2026 | 420.71 | $17.60 |
| Vallejo Alejandro T | A | Aug 1, 2026 | 11,240 | - |
| Vallejo Alejandro T | F | Aug 1, 2026 | 5,086 | $17.38 |
| Vallejo Alejandro T | A | Jul 23, 2026 | 422.15 | $17.54 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $24.4B | $24.9B |
| Operating Income | - | $4.5B | $4.7B |
| Net Income | $2.2B | $2.5B | $2.6B |
| Op. Margin | - | 18.3% | 19.0% |
| Net Margin | - | 10.1% | 10.4% |
| Balance Sheet | |||
| Total Assets | $125.7B | $133.7B | $141.6B |
| Equity | - | $30.1B | $32.5B |
| ROE | - | 8.2% | 8.0% |
| Per Share | |||
| EPS | $1.05 | $1.15 | $1.18 |
| Cash Flow | |||
| Operating CF | - | $8.0B | $8.7B |
| CapEx | $9.7B | $10.4B | $11.8B |
Source: XBRL data in PG&E Corporation (PCG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PCG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 42 | $18.48B |
| Q1 2026 | 39 | $18.48B |
| Q4 2025 | 38 | $17.30B |
| Q3 2025 | 39 | $17.06B |
| Q2 2025 | 35 | $15.57B |
| Q1 2025 | 35 | $15.79B |
| Q4 2024 | 33 | $15.39B |
| Q3 2024 | 28 | $6.06B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 289 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PCG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Sep 25, 2026 | - | - | - |
| 4 | Sep 9, 2026 | - | - | - |
| SC 13G | Sep 4, 2026 | - | - | |
| 8-K | Aug 31, 2026 | - | Analysis | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 4, 2026 | - | - | - |
| SC 13G | Jul 31, 2026 | - | - | |
| 4 | Jul 27, 2026 | - | - | - |
| 4 | Jul 24, 2026 | - | - | - |
| 4 | Jul 24, 2026 | - | - | - |
| 10-Q | Jul 23, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 23, 2026 | - | Analysis | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 8-K | Jun 23, 2026 | - | Analysis | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 3, 2026 | - | - | |
| 4 | May 27, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 8-K | May 26, 2026 | - | Analysis |
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PCG SEC filings: frequently asked questions
Are PCG insiders buying or selling?
In the last 90 days, PG&E Corporation (PCG) officers, directors and 10% owners reported 1 open-market purchase worth $91,500 by 1 insider and 3 open-market sales worth $3.0 million by 3 insiders on Form 4, a net sale of $2.9 million. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PCG stock?
As of June 30, 2026, the largest PG&E Corporation (PCG) holders among the 13F filers tracked by SignalX were BlackRock ($3.4 billion), Vanguard Capital Management LLC ($2.4 billion), State Street Corp ($2.2 billion), FMR LLC (Fidelity) ($2.0 billion), Vanguard Portfolio Management LLC ($1.9 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PCG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), PG&E Corporation (PCG) reported revenue of $24.9 billion (up 2.1% from FY2024) and net income of $2.6 billion. Diluted EPS was $1.18. The figures come from the XBRL data in the 10-K.
What are the main risks in PCG's latest 10-K?
In the 10-K filed February 12, 2026, PG&E Corporation (PCG) flagged: Regulatory risk from IRC Section 382 ownership change limits on $38.3B U.S. and $34.1B California net operating loss carryforwards. Macroeconomic exposure to California cap-and-trade program costs impacting electricity and natural gas procurement expenses. (AI summary of the Risk Factors section.)
What did PCG report in its latest 8-K?
PG&E Corporation (PCG) filed an 8-K on August 31, 2026 reporting Item 7.01 (Regulation FD Disclosure). Filing contains only Regulation FD disclaimer and signature pages, with no substantive investor disclosure.
What are the latest PCG SEC filings?
PG&E Corporation (PCG) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 23, 2026, an 8-K current report on August 31, 2026 and a Form 4 insider filing on October 2, 2026.
What is PCG's SEC CIK number?
PG&E Corporation (PCG)'s SEC Central Index Key (CIK) is 1004980. EDGAR lists every PCG filing under that number.
Ask anything about PCG
The research agent reads PCG's filings, financials, insider trades and 13F holders, then answers with sources.