PG&E (PCG) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth reflects a continuation of the upward trend seen in recent periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth reflects a continuation of the upward trend seen in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.2B
Revenue reported for this quarter.
Quarter-over-quarter
+15.6%
Change from the immediately preceding quarter.
Year-over-year
+7.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $5.1B | -1.9% |
| Sep 30, 2022 | $5.4B | -1.3% |
| Dec 31, 2022 | $5.4B | +2.4% |
| Mar 31, 2023 | $6.2B | +7.1% |
Revenue performance
The company reported higher revenue for the quarter, marking an increase from the prior period.
Quarterly comparison
Revenue rose compared to the previous quarter and also exceeded the level achieved in the same quarter a year ago.
What to watch
The sustainability of this revenue growth trajectory warrants attention in upcoming quarters.