Non-Current Assets
Construction in progress
PG&E Construction in progress increased by 2.7% to $4.75B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.6%, from $4.64B to $4.75B. Over 5 years (FY 2020 to FY 2025), Construction in progress shows an upward trend with a 10.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ4 2014
Last reportedQ4 2025
Parent metricPP&E (Net)
How to read this metric
A high balance indicates significant ongoing capital expenditure and future growth potential through expanded production capacity.
Detailed definition
The accumulated costs for capital projects that are currently under construction and not yet ready for operational use....
Peer comparison
Reflects the company's current investment cycle and long-term growth strategy compared to industry peers.
Metric ID:
ppe_construction_in_progressHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.78B | $3.19B | $3.48B | $3.67B | $3.84B | $4.12B | $4.14B | $4.28B | $4.14B | $4.58B | $4.45B | $4.47B | $4.75B | $4.98B | $4.46B | $4.64B | $4.64B | $5.08B | $4.63B | $4.75B |
| QoQ Change | — | +14.7% | +9.2% | +5.4% | +4.8% | +7.3% | +0.4% | +3.5% | -3.2% | +10.5% | -2.8% | +0.3% | +6.4% | +4.7% | -10.4% | +4.0% | +0.0% | +9.6% | -9.0% | +2.7% |
| YoY Change | — | — | — | — | +38.3% | +29.4% | +18.9% | +16.7% | +7.8% | +11.1% | +7.6% | +4.3% | +14.7% | +8.6% | +0.1% | +3.8% | -2.4% | +2.2% | +3.8% | +2.6% |
| % of PP&E (Net) | 4.1% | 4.6% | 5.0% | 5.1% | 5.2% | 5.5% | 5.4% | 5.5% | 5.3% | 5.7% | 5.4% | 5.3% | 5.6% | 5.8% | 5.1% | 5.2% | 5.1% | 5.4% | 4.8% | 4.8% |
| Share Change | — | +0.5pp | +0.4pp | +0.1pp | +0.1pp | +0.3pp | -0.1pp | +0.1pp | -0.3pp | +0.4pp | -0.2pp | -0.1pp | +0.2pp | +0.2pp | -0.7pp | +0.1pp | -0.1pp | +0.4pp | -0.6pp | +0.0pp |
Range$2.78B – $5.08B
CAGR+12.0%
Avg YoY Growth+10.5%
Median YoY Growth+7.7%
Construction in progress at Other Companies
Frequently Asked Questions
- What is PG&E's construction in progress?
- PG&E (PCG) reported construction in progress of $4.75B in Q1 2026.
- How has PG&E's construction in progress changed year-over-year?
- PG&E's construction in progress increased by 2.6% year-over-year, from $4.64B to $4.75B.
- What is the long-term trend for PG&E's construction in progress?
- Over 5 years (2020 to 2025), PG&E's construction in progress has grown at a 10.9% compound annual growth rate (CAGR), from $2.76B to $4.63B.
- What does construction in progress mean?
- The value of capital projects currently being built but not yet in use.