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PG&E Balance Sheet Statement

Assets, liabilities, and shareholders' equity

PG&E holds $141.95B in total assets. Shareholders' equity is $33.3B against $64.0B in total debt. Cash and equivalents total $1.5B. The current ratio is 1.20 and debt-to-equity is 1.92. Based on the Q1 2026 filing.

Total Assets$141.95BTotal Stockholders Equity$33.3BLong Term Debt$60.1BCash And Equivalents$1.5BTotal Current Assets$14.8BTotal Current Liabilities$12.3B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$37.0B
P/E Ratio12.53
ROE9.24%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2.7B$2.5B$2.7B$3.0B$3.4B$2.8B
Accrued interest$760.0M$688.0M$767.0M$657.0M$764.0M$710.0M
Accrued liabilities and other current$748.0M$790.0M$862.0M$748.0M$929.0M$875.0M
Accrued Litigation—$193.0M$193.0M$193.0M—$193.0M
Other accrued liabilities$3.7B$3.6B$3.3B$3.9B$4.0B$3.6B
Regulatory balancing accounts$3.2B$2.6B$2.5B$2.6B$3.1B$1.6B
Wildfire-related claims$916.0M$750.0M$787.0M$492.0M$524.0M$380.0M
Current portion of long-term debt$1.5B$1.5B$1.5B$1.0B$2.7B$1.7B
Derivative Liabilities Offset$16.0M$12.0M$11.0M$22.0M$52.0M$41.0M
Note payable to DIRECTV$3.7B$3.6B$3.3B$3.9B$4.0B$3.6B
Operating lease liabilities, current$85.0M$87.0M$88.0M$87.0M$90.0M$89.0M
Short-term borrowings$1.5B$1.5B$1.5B$1.0B$2.7B$1.7B
Total current liabilities$16.3B$17.8B$16.2B$15.3B$16.3B$12.3B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$2.2B$2.1B$2.0B$2.3B$2.3B$1.9B
Allowance for Doubtful Accounts$418.0M$424.0M$404.0M$408.0M$408.0M$407.0M
Allowance for Doubtful Accounts Receivable (Current)$418.0M$424.0M$404.0M$408.0M$408.0M$407.0M
Cash and cash equivalents$1.2B$2.4B$715.0M$772.0M$972.0M$1.5B
Accrued unbilled revenue (includes $1.3 billion related to VIEs at respective dates)$1.5B$1.4B$1.9B$1.6B$1.5B$1.4B
Wildfire Fund asset$301.0M$301.0M$298.0M$298.0M$297.0M$295.0M
Other current assets$999.0M$973.0M$452.0M$563.0M$644.0M$704.0M
Regulatory balancing accounts$7.2B$5.9B$5.7B$4.8B$6.3B$5.0B
Wildfire self-insurance asset$905.0M$939.0M$969.0M$1.0B$1.0B$1.1B
Derivative assets$403.0M$416.0M$386.0M$330.0M——
Raw materials$768.0M$744.0M$713.0M$689.0M$745.0M$763.0M
Raw materials and supplies inventory, gross$768.0M$744.0M$713.0M$689.0M$745.0M$763.0M
Inventories$52.0M$45.0M$73.0M$74.0M$75.0M$68.0M
Other Receivables, Gross$1.8B$1.9B$2.1B$1.9B$1.7B$1.8B
Prepaid expenses and other current assets$999.0M$973.0M$452.0M$563.0M$644.0M$704.0M
Restricted cash$273.0M$383.0M$221.0M$368.0M$259.0M$359.0M
Total current assets$17.2B$16.9B$15.2B$14.4B$15.8B$14.8B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$19.0M-$12.0M-$4.0M-$8.0M-$25.0M-$31.0M
Common stock31.6B3.6B3.6B3.6B31.6B3.6B
Common Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$31.6B$31.5B$31.6B$31.6B$31.6B$31.6B
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$1.6B$1.6B$1.6B$1.6B$1.6B$1.6B
Noncontrolling interests$252.0M$252.0M$252.0M$252.0M$252.0M$252.0M
Preferred stock$1.6B$1.6B$1.6B$1.6B$1.6B$1.6B
Retained earnings-$3.0B-$2.4B-$1.9B-$1.2B-$650.0M$97.0M
Total liabilities and stockholders' equity$133.7B$135.4B$136.4B$138.2B$141.6B$142.0B
Total stockholders' equity$30.1B$30.7B$31.2B$32.0B$32.5B$33.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asset retirement obligations$5.4B$5.5B$5.5B$5.4B$5.4B$5.5B
Defined Benefit Pension Plan Liabilities (Non-Current)$808.0M$813.0M$824.0M$834.0M$549.0M$537.0M
Finance lease liabilities$4.0M$4.0M$3.0M$5.0M$2.0M$0.0
Long-term debt$53.6B$52.7B$54.0B$55.5B$57.4B$60.1B
Accrued litigation—$193.0M$193.0M$193.0M—$193.0M
Retirement and nonpension postretirement benefit obligations$808.0M$813.0M$824.0M$834.0M$549.0M$537.0M
Operating lease liabilities, non-current$439.0M$425.0M$412.0M$375.0M$360.0M$409.0M
Other non-current liabilities$4.2B$4.4B$4.6B$4.8B$4.5B$4.8B
Pension and Postretirement Benefit Liabilities$808.0M$813.0M$824.0M$834.0M$549.0M$537.0M
Total liabilities$303.0M$269.0M$198.0M$251.0M$223.0M$161.0M
Total noncurrent liabilities$86.9B$86.7B$88.8B$90.7B$92.5B$96.1B
Underfunded Retirement Plans$808.0M$813.0M$824.0M$834.0M$549.0M$537.0M
Regulatory liabilities$19.4B$19.6B$19.9B$20.1B$20.2B$20.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$118.3B$120.3B$123.4B$125.3B$129.0B$131.3B
Accrued payables$748.0M$790.0M$862.0M$748.0M$929.0M$875.0M
Accrued legal liabilities$74.0M$78.0M$86.0M$106.0M—$145.0M
Allowance for doubtful accounts$418.0M$424.0M$404.0M$408.0M$408.0M$407.0M
Other accounts receivable, allowances$35.0M$40.0M$89.0M$82.0M$69.0M$72.0M
Amount primarily related to deferred taxes on appreciation of investment value$747.0M$744.0M$809.0M$860.0M$881.0M$854.0M
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$3.6B$3.6B$3.6B$3.6B$3.6B$3.6B
Common Stock, Shares, Outstanding$2.2B$2.2B$2.2B$2.2B$2.2B$2.2B
Construction work in progress$4.5B$4.6B$4.6B$5.1B$4.6B$4.8B
Decommissioning Fund Investments$3.8B$3.9B$4.0B$4.2B$4.2B$4.2B
Deferred income taxes$3.1B$3.3B$3.6B$3.8B$4.1B$4.4B
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset-$16.0M-$9.0M$1.0M-$19.0M-$52.0M-$11.0M
Derivative netting, Liabilities$16.0M$12.0M$11.0M$22.0M$52.0M$41.0M
Environmental Remediation Liability$1.3B$1.3B$1.3B$1.3B$1.2B$1.4B
Property, plant and equipment$814.0M$814.0M$7.0M$9.0M$2.0M$0.0
Former MGP sites owned by the Utility or third parties$782.0M$770.0M$764.0M$743.0M$715.0M$867.0M
Fossil fuel-fired generation facilities and sites$18.0M$18.0M$18.0M$17.0M$17.0M$17.0M
Hinkley natural gas compressor station$97.0M$97.0M$97.0M$102.0M$99.0M$96.0M
Insurance recovery benefits$117.0M$122.0M$244.0M$222.0M$282.0M$262.0M
Litigation contribution, net—$4.0B$3.9B$3.8B—$3.6B
Disallowance cap, transmission and distribution equity rate base—$4.7B$4.7B$4.7B—$5.1B
Loss contingency, expected capitalization, additional contributed by the utilities———$3.9B—$3.9B
Expected capitalization, annual contribution—$300.0M$300.0M$300.0M—$300.0M
Loss contingency, expected capitalization, continuation account———$18.0B—$18.0B
Loss contingency, expected capitalization, contributed by the utilities———$5.1B—$5.1B
Expected capitalization, initial contribution—$7.5B$7.5B$7.5B—$7.5B
Loss contingency, expected capitalization, non-bypassable charge from customers———$9.0B—$9.0B
Expected capitalization, proceeds of bond—$21.0B$21.0B$21.0B—$21.0B
Litigation payment—$2.6B$2.9B$3.2B—$3.5B
Noncontrolling interests in subsidiaries$252.0M$252.0M$252.0M$252.0M$252.0M$252.0M
Number of recovery bonds issued—3.003.003.00—3.00
Recorded Third Party Environmental Recoveries Receivable—$1.1B$1.1B$1.1B—$1.1B
Topock natural gas compressor station$294.0M$329.0M$339.0M$331.0M$315.0M$301.0M
Utility-owned generation facilities (other than fossil fuel-fired), other facilities, and third-party disposal sites$76.0M$75.0M$74.0M$74.0M$71.0M$75.0M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$3.1B$3.3B$3.6B$3.8B$4.1B$4.4B
Deferred Tax Assets and Other Non-Current Assets$3.9B$4.0B$4.2B$4.4B$4.2B$4.2B
Net Investment in Lease$524.0M$513.0M$500.0M$462.0M$450.0M$498.0M
Customer credit trust$377.0M$949.0M$935.0M$902.0M$804.0M$691.0M
Wildfire Fund asset$4.1B$4.0B$3.9B$3.8B$3.7B$3.6B
Operating lease right-of-use assets$524.0M$513.0M$500.0M$462.0M$450.0M$498.0M
Other non-current assets$3.9B$4.0B$4.2B$4.4B$4.2B$4.2B
Property, plant and equipment, net$88.2B$89.7B$91.8B$93.8B$96.3B$98.2B
Property, plant and equipment at cost$118.3B$120.3B$123.4B$125.3B$129.0B$131.3B
Regulated Entity Other Assets Noncurrent$28.2B$28.9B$29.4B$30.1B$29.4B$28.9B
Operating lease right-of-use assets$814.0M$814.0M$7.0M$9.0M$2.0M$0.0
Operating Lease Right-of-Use Assets in Other Assets$524.0M$513.0M$500.0M$462.0M$450.0M$498.0M
Other non-current assets$3.8B$4.0B$4.2B$4.4B$4.2B$4.2B
Accumulated depreciation$35.3B$36.0B$36.3B$36.6B$37.3B$37.8B
Construction in progress$4.5B$4.6B$4.6B$5.1B$4.6B$4.8B
Total property and equipment, gross$123.5B$125.7B$128.1B$130.4B$133.6B$136.1B
Property and equipment, net$88.2B$89.7B$91.8B$93.8B$96.3B$98.2B
Software and Technology Licenses, Net$3.9B$4.0B$4.2B$4.4B$4.2B$4.2B
Special Use Funds$3.8B$3.9B$4.0B$4.2B$4.2B$4.2B
Total assets$133.7B$135.4B$136.4B$138.2B$141.6B$142.0B
Regulatory assets$234.0M$212.0M$302.0M$323.0M$305.0M$230.0M