Capital Expenditures for PG&E (PCG)
According to PG&E's latest reported financial statements, the company's current capital expenditures (TTM) is $12.51B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PCG
Currently viewingCapital ExpendituresSwitch metric
Latest period
$12.51B
YoY change
+13.7%
5Y CAGR
+8.9%
Peak year (2025)
$11.79B
Cumulative capital expenditures
$140.25B
CapEx history chart for PG&E (PCG) from 1995 to 2025
CapEx history table for PG&E (PCG) from 1995 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $11.79B | +13.7% | ||
| 2024 | $10.37B | +6.7% | ||
| 2023 | $9.71B | +1.4% | ||
| 2022 | $9.58B | +24.6% | ||
| 2021 | $7.69B | -0.0% | ||
| 2020 | $7.69B | +21.8% | ||
| 2019 | $6.31B | -3.1% | ||
| 2018 | $6.51B | +15.5% | ||
| 2017 | $5.64B | -1.2% | ||
| 2016 | $5.71B | +10.4% | ||
| 2015 | $5.17B | +7.0% | ||
| 2014 | $4.83B | -7.2% | ||
| 2013 | $5.21B | +12.6% | ||
| 2012 | $4.62B | +14.5% | ||
| 2011 | $4.04B | +6.2% | ||
| 2010 | $3.80B | -3.9% | ||
| 2009 | $3.96B | +9.1% | ||
| 2008 | $3.63B | +31.0% | ||
| 2007 | $2.77B | +15.3% | ||
| 2006 | $2.40B | +33.1% | ||
| 2005 | $1.80B | +15.7% | ||
| 2004 | $1.56B | -8.2% | ||
| 2003 | $1.70B | +9.8% | ||
| 2002 | $1.55B | -42.0% | ||
| 2001 | $2.67B | +13.6% | ||
| 2000 | $2.35B | +48.1% | ||
| 1999 | $1.58B | -2.2% | ||
| 1998 | $1.62B | -11.1% | ||
| 1997 | $1.82B | +48.1% | ||
| 1996 | $1.23B | +32.0% | ||
| 1995 | $931.90M | — |
CapEx values are taken from PG&E's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, PG&E (PCG) capital expenditures totalled $11.79B – grew 13.7% year-over-year.
PG&E capital expenditures has grown for 4 consecutive years, with a +8.9% compound annual growth rate over 2020–2025 (5 years).
The dataset's maximum capital expenditures sits at $11.79B (2025); the minimum reading of $931.90M dates to 1995.
Within Utilities, PG&E (PCG) ranks 4th among 8 peers we track. The peer median for capital expenditures is $9.94B.
PG&E Capital Expenditures by Year
PG&E Capital Expenditures 2025: $11.79B
PG&E capital expenditures in 2025 was $11.79B, grew 13.7% from 2024. This figure represents the highest annual value in the available history.
PG&E Capital Expenditures 2024: $10.37B
PG&E capital expenditures in 2024 was $10.37B, grew 6.7% from 2023.
PG&E Capital Expenditures 2023: $9.71B
PG&E capital expenditures in 2023 was $9.71B, edged up 1.4% from 2022.
PG&E Capital Expenditures 2022: $9.58B
PG&E capital expenditures in 2022 was $9.58B, grew 24.6% from 2021.
PG&E Capital Expenditures 2021: $7.69B
PG&E capital expenditures in 2021 was $7.69B.
See more financial history for PG&E (PCG).
Sector peers — CapEx
Companies in the same sector as PG&E, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $14.02B | Utilities |
| The Southern Company (SO) | $13.39B | Utilities |
| Dominion Energy, Inc. (D) | $12.64B | Utilities |
| Sempra (SRE) | $10.61B | Utilities |
| NextEra Energy, Inc. (NEE) | $9.27B | Utilities |
| Constellation Energy Corporation (CEG) | $2.95B | Utilities |
| GE Vernova Inc. (GEV) | $1.28B | Utilities |
| American Electric Power Company, Inc. (AEP) | $130.00M | Utilities |
Frequently asked questions
What is PG&E's capital expenditures?
- Latest reported capital expenditures for PG&E (PCG) is $12.51B (period ending March 31, 2026).
How has PG&E capital expenditures changed year-over-year?
- PG&E (PCG) capital expenditures changed +13.7% year-over-year on the latest annual filing.
What is the long-term growth rate of PG&E capital expenditures?
- PG&E (PCG) capital expenditures compound annual growth rate is +8.9% over the most recent 5 years available.
When did PG&E capital expenditures hit its highest annual value?
- PG&E capital expenditures reached its highest annual value of $11.79B in 2025.
What was PG&E capital expenditures in 2024?
- PG&E (PCG) capital expenditures in 2024 was $10.37B.
What was PG&E capital expenditures in 2025?
- PG&E (PCG) capital expenditures in 2025 was $11.79B.
Metrics overview
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