Non-Current Liabilities

Underfunded Retirement Plans

PG&E Underfunded Retirement Plans decreased by 2.2% to $537.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 33.9%, from $813.00M to $537.00M. Over 5 years (FY 2020 to FY 2025), Underfunded Retirement Plans shows a downward trend with a -25.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2019
Last reportedQ4 2025

How to read this metric

A decrease is favorable as it reduces long-term balance sheet liabilities and future funding requirements.

Detailed definition

This represents the shortfall between the projected benefit obligations of a company's pension or postretirement plans a...

Peer comparison

Varies significantly based on industry maturity and the age of the workforce.

Metric ID: underfunded_retirement_plans

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$2.37B$2.33B$860.00M$801.00M$734.00M$669.00M$231.00M$232.00M$226.00M$220.00M$476.00M$474.00M$464.00M$454.00M$808.00M$813.00M$824.00M$834.00M$549.00M$537.00M
QoQ Change-1.6%-63.1%-6.9%-8.4%-8.9%-65.5%+0.4%-2.6%-2.7%+116.4%-0.4%-2.1%-2.2%+78.0%+0.6%+1.4%+1.2%-34.2%-2.2%
YoY Change-69.0%-71.3%-73.1%-71.0%-69.2%-67.1%+106.1%+104.3%+105.3%+106.4%+69.7%+71.5%+77.6%+83.7%-32.1%-33.9%
Range$220.00M$2.37B
CAGR-26.8%
Avg YoY Growth+14.9%
Median YoY Growth+18.8%
Current Streak2 quarters decline

Frequently Asked Questions

What is PG&E's underfunded retirement plans?
PG&E (PCG) reported underfunded retirement plans of $537.00M in Q1 2026.
How has PG&E's underfunded retirement plans changed year-over-year?
PG&E's underfunded retirement plans decreased by 33.9% year-over-year, from $813.00M to $537.00M.
What is the long-term trend for PG&E's underfunded retirement plans?
Over 5 years (2020 to 2025), PG&E's underfunded retirement plans has grown at a -25.8% compound annual growth rate (CAGR), from $2.44B to $549.00M.
What does underfunded retirement plans mean?
The amount by which a company's pension obligations exceed the assets held to pay for them.