PG&E (PCG) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared to the prior quarter and also declined relative to the same period last year. The sequential drop was larger than the year-over-year decline.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared to the prior quarter and also declined relative to the same period last year. The sequential drop was larger than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.9B
Revenue reported for this quarter.
Quarter-over-quarter
-16.8%
Change from the immediately preceding quarter.
Year-over-year
-5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.1B
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, 2023 | $5.3B | +3.4% |
| Sep 30, 2023 | $5.9B | +9.2% |
| Dec 31, 2023 | $7B | +31.1% |
| Mar 31, 2024 | $5.9B | -5.6% |
Revenue performance
The company's quarterly revenue declined, marking a second consecutive period of weaker performance following a strong prior quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell sharply, and it was also lower than the same quarter one year earlier.
What to watch
Monitor whether the recent downward revenue trend persists in the coming quarters.