PG&E (PCG) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential gain reversed a decline in the preceding period, while the year-over-year rise continued a pattern of growth.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential gain reversed a decline in the preceding period, while the year-over-year rise continued a pattern of growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
+2.1%
Change from the immediately preceding quarter.
Year-over-year
+13.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.8B
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 |
|---|---|---|
| Sep 30, 2023 | $5.9B | +9.2% |
| Dec 31, 2023 | $7B | +31.1% |
| Mar 31, 2024 | $5.9B | -5.6% |
| Jun 30, 2024 | $6B | +13.2% |
Revenue performance
Reported revenue moved higher, marking a positive direction for the quarter. This follows a decline in the immediately preceding quarter.
Quarterly comparison
Compared to the prior quarter, revenue improved. Versus the same quarter one year earlier, revenue also showed an increase.
What to watch
The filing context lists extensive risk factors and regulatory matters, but no specific cause for the revenue change is provided.