PerpEquities

Equity

PG&E Corporation (PCG) perpetual futures

PCG perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade PCGUSDT.

PG&E Corporation is a holding company that generates, transmits, and distributes electricity and natural gas, serving customers in California.

$12.66-1.3%NYSE open
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Price chart

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TradingView symbol NYSE:PCG

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Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$329.4K
Open interest
-Coverage: 0/1 markets
Best liquidity
$318K
BingX
Tightest spread
+15.8 bps
BingX
Highest volume
$329.4K
BingX
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $748.6M
OI / float
-
Float $27.8B
Spot performance
1D-1.29%
5D-0.38%
1M+4.59%
6M-22.88%
YTD-19.23%
1Y-20.37%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradePCG-USDTTrading$12.66+1.1% APR
+0.00100% every 8h
+15.8 bps$318K$329.4K-USDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +16.2 bps

Cheapest execution: BingX · +16.2 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

PCG

Tightest spread

PCG

Highest volume

PCG

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 40m ago
Market cap
$33.7B
Updated 40m ago
Revenue
$25.8B
Trailing 12 months
Revenue growth
+5%
Next fiscal year
Profit margin
+12.0%
P/E
9.3
Peer P/E 28.1
Free cash flow
-$5B
Trailing 12 months
More metrics
Net income
$3.1B
Trailing 12 months
P/S
1.3
Peer P/E
28.1
Similar listed perps
Revenue estimate
$26.1B
Next fiscal year
Earnings
2027-02-11
Revenue est. $6.9B · Updated 40m ago
Dividend
$0.05
2026-09-30

Fundamental detail

Annual + quarterly
Latest revenue$24.9B
Net margin+10.8%
Free cash flow-$3.1B
Net debt$60.6B
2020$18.5B
2021$20.6B
2022$21.7B
2023$24.4B
2024$24.4B
2025$24.9B
PeriodRevenueGrowthNet incomeFCF
2020$18.5B+8%-$1.3B-$26.8B
2021$20.6B+12%-$88M-$5.4B
2022$21.7B+5%$1.8B-$5.9B
2023$24.4B+13%$2.3B-$5B
2024$24.4B0%$2.5B-$2.3B
2025$24.9B+2%$2.7B-$3.1B
PeriodGross marginOperating marginNet marginROEROA
2020+10.9%+10.9%-7.1%-6.2%-1.3%
2021+10.4%+10.4%-0.4%-0.4%-0.1%
2022+12.4%+12.4%+8.4%+7.9%+1.5%
2023+16.4%+16.4%+9.2%+9.0%+1.8%
2024+37.5%+18.3%+10.3%+8.3%+1.9%
2025+19.6%+19.6%+10.8%+8.3%+1.9%
PeriodCashDebtNet debtCurrent ratio
2020$484M$42.6B$42.1B0.71
2021$291M$46.2B$45.9B0.64
2022$734M$53.5B$52.8B0.81
2023$635M$57.7B$57.1B0.83
2024$940M$58.3B$57.4B1.05
2025$713M$61.3B$60.6B0.97
PeriodMarket capEnterprise valueP/SP/E
2020$15.7B$57.8B0.8-11.9
2021$24.1B$70B1.2-242.8
2022$32.3B$85.1B1.517.9
2023$37.2B$94.3B1.516.5
2024$43.2B$100.6B1.817.4
2025$35.3B$95.9B1.413.6
Q4 2024$6.6B
Q1 2025$6B
Q2 2025$5.9B
Q3 2025$6.3B
Q4 2025$6.8B
Q1 2026$6.9B
Q2 2026$5.9B
Q3 2026$6.2B
PeriodRevenueGrowthNet incomeFCF
Q4 2024$6.6B-6%$674M-$896M
Q1 2025$6B+2%$634M$213M
Q2 2025$5.9B-1%$549M-$2B
Q3 2025$6.3B+5%$850M-$80M
Q4 2025$6.8B+3%$670M-$1.2B
Q1 2026$6.9B+15%$885M-$926M
Q2 2026$5.9B0%$761M-$2.1B
Q3 2026$6.2B-1%$776M-$794M
PeriodGross marginOperating marginNet marginROEROA
Q4 2024+15.7%+15.7%+10.2%+2.2%+0.5%
Q1 2025+21.2%+21.2%+10.6%+2.1%+0.5%
Q2 2025+39.5%+18.6%+9.3%+1.8%+0.4%
Q3 2025+39.4%+19.3%+13.6%+2.7%+0.6%
Q4 2025+18.0%+18.0%+9.8%+2.1%+0.5%
Q1 2026+85.0%+21.4%+12.9%+2.7%+0.6%
Q2 2026+84.5%+21.4%+12.9%+2.2%+0.5%
Q3 2026+83.6%+20.2%+12.5%+2.2%+0.5%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$940M$58.3B$57.4B1.05
Q1 2025$2B$60B$57.9B0.95
Q2 2025$494M$59.7B$59.2B0.94
Q3 2025$772M$59.8B$59B0.94
Q4 2025$713M$61.3B$60.6B0.97
Q1 2026$1.5B$62.9B$61.5B1.20
Q2 2026$972M$64.7B$63.7B1.22
Q3 2026$902M$65.5B$64.6B1.03
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$43.2B$100.6B6.516.8
Q1 2025$37.7B$95.7B6.315.3
Q2 2025$30.6B$89.8B5.214.5
Q3 2025$33.1B$92.2B5.310.2
Q4 2025$35.4B$96B5.213.9
Q1 2026$38.6B$100.1B5.611.3
Q2 2026$37.2B$100.9B6.312.7
Q3 2026$27B$91.6B4.49.0

Refreshed 40m ago

Charts: revenue, profit, cash flow & valuation
Revenue$6.2BQ3 2026
$1.8B$3.5B$5.3B$7BQ4 2023: $7BQ1 2024: $5.9BQ2 2024: $6BQ3 2024: $5.9BQ4 2024: $6.6BQ1 2025: $6BQ2 2025: $5.9BQ3 2025: $6.3BQ4 2025: $6.8BQ1 2026: $6.9BQ2 2026: $5.9BQ3 2026: $6.2BQ4 2023Q3 2026
Net income$776MQ3 2026
$230.8M$461.5M$692.3M$923MQ4 2023: $923MQ1 2024: $735MQ2 2024: $524MQ3 2024: $579MQ4 2024: $674MQ1 2025: $634MQ2 2025: $549MQ3 2025: $850MQ4 2025: $670MQ1 2026: $885MQ2 2026: $761MQ3 2026: $776MQ4 2023Q3 2026
EBITDA$2.7BQ3 2026
$718.5M$1.4B$2.2B$2.9BQ4 2023: $2.4BQ1 2024: $2.6BQ2 2024: $2.5BQ3 2024: $2.5BQ4 2024: $2.3BQ1 2025: $2.6BQ2 2025: $2.5BQ3 2025: $2.6BQ4 2025: $2.8BQ1 2026: $2.9BQ2 2026: $2.7BQ3 2026: $2.7BQ4 2023Q3 2026
Free cash flow-$794MQ3 2026
-$1.5B-$805M-$139.5M$526MQ4 2023: -$2.1BQ1 2024: -$377MQ2 2024: -$1.6BQ3 2024: $526MQ4 2024: -$896MQ1 2025: $213MQ2 2025: -$2BQ3 2025: -$80MQ4 2025: -$1.2BQ1 2026: -$926MQ2 2026: -$2.1BQ3 2026: -$794MQ4 2023Q3 2026
EPS$0.34Q3 2026
$0.11$0.22$0.32$0.43Q4 2023: $0.43Q1 2024: $0.34Q2 2024: $0.24Q3 2024: $0.27Q4 2024: $0.3Q1 2025: $0.28Q2 2025: $0.24Q3 2025: $0.36Q4 2025: $0.29Q1 2026: $0.39Q2 2026: $0.33Q3 2026: $0.34Q4 2023Q3 2026
Cash / Debt$902MQ3 2026
$16.4B$32.7B$49.1B$65.5BQ4 2023 · Cash: $635MQ4 2023 · Debt: $57.7BQ1 2024 · Cash: $658MQ1 2024 · Debt: $58.6BQ2 2024 · Cash: $1.3BQ2 2024 · Debt: $60.6BQ3 2024 · Cash: $895MQ3 2024 · Debt: $60BQ4 2024 · Cash: $940MQ4 2024 · Debt: $58.3BQ1 2025 · Cash: $2BQ1 2025 · Debt: $60BQ2 2025 · Cash: $494MQ2 2025 · Debt: $59.7BQ3 2025 · Cash: $772MQ3 2025 · Debt: $59.8BQ4 2025 · Cash: $713MQ4 2025 · Debt: $61.3BQ1 2026 · Cash: $1.5BQ1 2026 · Debt: $62.9BQ2 2026 · Cash: $972MQ2 2026 · Debt: $64.7BQ3 2026 · Cash: $902MQ3 2026 · Debt: $65.5BQ4 2023Q3 2026
CashDebt
Profitability+83.6%Q3 2026
+21.3%+42.5%+63.8%+85.0%Q4 2023 · Gross margin: +22.6%Q1 2024 · Gross margin: +21.8%Q2 2024 · Gross margin: +18.9%Q3 2024 · Gross margin: +19.1%Q4 2024 · Gross margin: +15.7%Q1 2025 · Gross margin: +21.2%Q2 2025 · Gross margin: +39.5%Q3 2025 · Gross margin: +39.4%Q4 2025 · Gross margin: +18.0%Q1 2026 · Gross margin: +85.0%Q2 2026 · Gross margin: +84.5%Q3 2026 · Gross margin: +83.6%Q4 2023 · Operating margin: +22.6%Q1 2024 · Operating margin: +21.8%Q2 2024 · Operating margin: +18.9%Q3 2024 · Operating margin: +19.1%Q4 2024 · Operating margin: +15.7%Q1 2025 · Operating margin: +21.2%Q2 2025 · Operating margin: +18.6%Q3 2025 · Operating margin: +19.3%Q4 2025 · Operating margin: +18.0%Q1 2026 · Operating margin: +21.4%Q2 2026 · Operating margin: +21.4%Q3 2026 · Operating margin: +20.2%Q4 2023 · Net margin: +13.1%Q1 2024 · Net margin: +12.5%Q2 2024 · Net margin: +8.8%Q3 2024 · Net margin: +9.7%Q4 2024 · Net margin: +10.2%Q1 2025 · Net margin: +10.6%Q2 2025 · Net margin: +9.3%Q3 2025 · Net margin: +13.6%Q4 2025 · Net margin: +9.8%Q1 2026 · Net margin: +12.9%Q2 2026 · Net margin: +12.9%Q3 2026 · Net margin: +12.5%Q4 2023Q3 2026
Gross marginOperating marginNet margin
Revenue growth-1.0%Q3 2026
-0.6%+4.6%+9.8%+15.0%Q3 2024: +0.9%Q4 2024: -5.8%Q1 2025: +2.1%Q2 2025: -1.5%Q3 2025: +5.2%Q4 2025: +2.6%Q1 2026: +15.0%Q2 2026: +0.1%Q3 2026: -1.0%Q4 2023Q3 2026
Shares outstanding2.3BQ3 2026
571.3M1.1B1.7B2.3BQ4 2023: 2.1BQ1 2024: 2.1BQ2 2024: 2.1BQ3 2024: 2.1BQ4 2024: 2.1BQ1 2025: 2.2BQ2 2025: 2.2BQ3 2025: 2.3BQ4 2025: 2.2BQ1 2026: 2.3BQ2 2026: 2.3BQ3 2026: 2.3BQ4 2023Q3 2026
Valuation9.0Q3 2026
4.69.213.718.3Q4 2023 · P/E: 10.5Q1 2024 · P/E: 12.2Q2 2024 · P/E: 17.9Q3 2024 · P/E: 18.3Q4 2024 · P/E: 16.8Q1 2025 · P/E: 15.3Q2 2025 · P/E: 14.5Q3 2025 · P/E: 10.2Q4 2025 · P/E: 13.9Q1 2026 · P/E: 11.3Q2 2026 · P/E: 12.7Q3 2026 · P/E: 9.0Q4 2023 · P/S: 5.3Q1 2024 · P/S: 6.0Q2 2024 · P/S: 6.1Q3 2024 · P/S: 7.1Q4 2024 · P/S: 6.5Q1 2025 · P/S: 6.3Q2 2025 · P/S: 5.2Q3 2025 · P/S: 5.3Q4 2025 · P/S: 5.2Q1 2026 · P/S: 5.6Q2 2026 · P/S: 6.3Q3 2026 · P/S: 4.4Q4 2023Q3 2026
P/EP/S
Revenue$24.9B2025
$6.2B$12.5B$18.7B$24.9B2018: $16.8B2019: $17.1B2020: $18.5B2021: $20.6B2022: $21.7B2023: $24.4B2024: $24.4B2025: $24.9B20182025
Net income$2.7B2025
-$5.1B-$2.5B$116.8M$2.7B2018: -$6.8B2019: -$7.6B2020: -$1.3B2021: -$88M2022: $1.8B2023: $2.3B2024: $2.5B2025: $2.7B20182025
EBITDA$10.4B2025
-$2.5B$1.8B$6.1B$10.4B2018: -$6.2B2019: -$6.9B2020: $4.2B2021: $6.3B2022: $6.7B2023: $7.9B2024: $9.9B2025: $10.4B20182025
Free cash flow-$3.1B2025
-$20.1B-$13.4B-$6.7B2018: -$1.8B2019: -$1.5B2020: -$26.8B2021: -$5.4B2022: -$5.9B2023: -$5B2024: -$2.3B2025: -$3.1B20182025
EPS$1.182025
-$10.6-$6.66-$2.74$1.182018: -$13.32019: -$14.52020: -$1.052021: -$0.052022: $0.842023: $1.052024: $1.152025: $1.1820182025
Cash / Debt$713M2025
$15.3B$30.7B$46B$61.3B2018 · Cash: $1.7B2018 · Debt: $22B2019 · Cash: $1.6B2019 · Debt: $3.8B2020 · Cash: $484M2020 · Debt: $42.6B2021 · Cash: $291M2021 · Debt: $46.2B2022 · Cash: $734M2022 · Debt: $53.5B2023 · Cash: $635M2023 · Debt: $57.7B2024 · Cash: $940M2024 · Debt: $58.3B2025 · Cash: $713M2025 · Debt: $61.3B20182025
CashDebt
Profitability+19.6%2025
-24.1%-3.6%+17.0%+37.5%2018 · Gross margin: +13.8%2019 · Gross margin: +8.7%2020 · Gross margin: +10.9%2021 · Gross margin: +10.4%2022 · Gross margin: +12.4%2023 · Gross margin: +16.4%2024 · Gross margin: +37.5%2025 · Gross margin: +19.6%2018 · Operating margin: +13.8%2019 · Operating margin: +8.7%2020 · Operating margin: +10.9%2021 · Operating margin: +10.4%2022 · Operating margin: +12.4%2023 · Operating margin: +16.4%2024 · Operating margin: +18.3%2025 · Operating margin: +19.6%2018 · Net margin: -40.8%2019 · Net margin: -44.6%2020 · Net margin: -7.1%2021 · Net margin: -0.4%2022 · Net margin: +8.4%2023 · Net margin: +9.2%2024 · Net margin: +10.3%2025 · Net margin: +10.8%20182025
Gross marginOperating marginNet margin
Revenue growth+2.1%2025
+3.1%+6.3%+9.5%+12.7%2019: +2.2%2020: +7.8%2021: +11.8%2022: +5.0%2023: +12.7%2024: 0.0%2025: +2.1%20182025
Shares outstanding2.2B2025
550.5M1.1B1.7B2.2B2018: 517M2019: 528M2020: 1.3B2021: 2B2022: 2.1B2023: 2.1B2024: 2.1B2025: 2.2B20182025
Valuation13.62025
-177.6-112.5-47.317.92018 · P/E: -1.82019 · P/E: -0.72020 · P/E: -11.92021 · P/E: -242.82022 · P/E: 17.92023 · P/E: 16.52024 · P/E: 17.42025 · P/E: 13.62018 · P/S: 0.72019 · P/S: 0.32020 · P/S: 0.82021 · P/S: 1.22022 · P/S: 1.52023 · P/S: 1.52024 · P/S: 1.82025 · P/S: 1.420182025
P/EP/S

Next catalyst

Catalysts

Earnings
2027-02-11
Revenue est. $6.9B · Updated 40m ago
Dividend
$0.05
2026-09-30

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20261.65$26.1B+5%10
FY 20271.80$27.2B+9%11
FY 20281.96$28.1B+13%6
FY 20292.12$28.7B+15%3
FY 20302.33$29.8B+19%2
Q1 20290.53$6.2B-10%2

Company events

6
2027-02-11EarningsActual - / Estimate 0.4-
2026-10-22Earnings · Before market openActual 0.41 / Estimate 0.41Miss
2026-09-30Dividend$0.05-
2026-07-23EarningsActual 0.4 / Estimate 0.36Beat
2026-06-30Dividend$0.05-
2026-04-23EarningsActual 0.43 / Estimate 0.4Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering PCG have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings79232
Analysts1623
Buy / hold / sell55 / 24 / 0165 / 59 / 8
Upgrades / downgrades / initiations1 / 7 / 33 / 11 / 7
Price targets hit / missed0 / 77 (0%)0 / 220 (0%)
Avg. return after a rating (TipRanks)-38.2%-37.9%
Best / worst call-0.2% / -53.6%-0.2% / -53.6%

After buy calls on this stock: median 21-day move 0.0% vs S&P 500 -1.5% (n = 170)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Ryan LevineCiti67% hit rate on this stock · 9 targets measuredBuytarget $21.00Apr 21, 2026
  2. Nicholas CampanellaBarclays33% hit rate on this stock · 15 targets measuredBuytarget $17.00Oct 12, 2026
  3. Shelby TuckerTD Cowen30% hit rate on this stock · 10 targets measuredBuytarget $24.00Apr 16, 2026

Latest ratings

DateAnalystCallTarget
Oct 23, 2026Shahriar PourrezaWells FargoHoldMaintained$14.00
Oct 22, 2026Meike BeckerHSBCBuyInitiated$15.50
Oct 22, 2026Meike BeckerHSBCBuyInitiated$15.50
Oct 21, 2026David ArcaroMorgan StanleyHoldReiterated$21.00
Oct 21, 2026David ArcaroMorgan StanleyHoldReiterated$21.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$12.00$14.00$16.00$18.00$20.00$22.00Nov 25 · Buy 11 · Hold 3 · Sell 1Nov 25Dec 25 · Buy 12 · Hold 2 · Sell 0Jan 26 · Buy 12 · Hold 2 · Sell 0Jan 26Feb 26 · Buy 13 · Hold 2 · Sell 0Mar 26 · Buy 13 · Hold 2 · Sell 0Mar 26Apr 26 · Buy 12 · Hold 2 · Sell 0May 26 · Buy 12 · Hold 2 · Sell 0May 26Jun 26 · Buy 12 · Hold 2 · Sell 0Jul 26 · Buy 11 · Hold 2 · Sell 0Jul 26Aug 26 · Buy 8 · Hold 5 · Sell 0Sep 26 · Buy 5 · Hold 7 · Sell 0Sep 26Oct 26 · Buy 4 · Hold 7 · Sell 0Nov 25 · avg. target $21.38Dec 25 · avg. target $21.29Jan 26 · avg. target $21.29Feb 26 · avg. target $21.93Mar 26 · avg. target $22.20Apr 26 · avg. target $22.92May 26 · avg. target $22.64Jun 26 · avg. target $22.64Jul 26 · avg. target $23.08Aug 26 · avg. target $21.85Sep 26 · avg. target $19.18Oct 26 · avg. target $18.20Nov 25 · month-end close $16.12Dec 25 · month-end close $16.07Jan 26 · month-end close $15.42Feb 26 · month-end close $19.00Mar 26 · month-end close $17.57Apr 26 · month-end close $16.62May 26 · month-end close $16.34Jun 26 · month-end close $16.82Jul 26 · month-end close $17.38Aug 26 · month-end close $13.27Sep 26 · month-end close $12.25Oct 26 · month-end close $13.09

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 23, 2026 · 79 ratings

Frequently asked questions

Where can I trade PCG perpetual futures?

PG&E Corporation (PCG) perpetual futures trade on 1 crypto venues, including BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade PCG around the clock?

Yes. Unlike the underlying stock, PCG perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on PCG perpetuals?

Right now the PCG perp funding rate is +1.1% annualized (venue median), ranging from +1.1% to +1.1% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the PCG perp price compare to the PG&E Corporation stock?

The venue-median PCG perp mark is $12.7 versus a reference stock price of $12.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a PCG perpetual future?

A PCG perpetual is a derivative that tracks the price of PG&E Corporation with no expiry date. It lets you take long or short exposure to PG&E Corporation on crypto venues, around the clock.

What is PCGUSDT perpetual?

PCGUSDT is the symbol most crypto exchanges use for the PG&E Corporation perpetual settled in USDT (Tether). It tracks the PCG share price through an index, trades 24/7 with leverage and never expires.

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