PG&E (PCG) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The growth rate versus the prior year was notably higher than the sequential quarterly gain.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The growth rate versus the prior year was notably higher than the sequential quarterly gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7B
Revenue reported for this quarter.
Quarter-over-quarter
+19.6%
Change from the immediately preceding quarter.
Year-over-year
+31.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.4B
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 |
|---|---|---|
| Mar 31, 2023 | $6.2B | +7.1% |
| Jun 30, 2023 | $5.3B | +3.4% |
| Sep 30, 2023 | $5.9B | +9.2% |
| Dec 31, 2023 | $7B | +31.1% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, continuing an upward trajectory seen throughout the fiscal year.
Quarterly comparison
Revenue was higher than both the prior quarter and the same quarter one year earlier, with the year-over-year increase exceeding the sequential change.
What to watch
The filing context lists regulatory and litigation matters as key areas of management discussion, which may influence future revenue trends.