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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 $62.3B in total debt. Cash and equivalents total $1.5B. The current ratio is 1.20 and debt-to-equity is 1.87. 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 Ratio12.52
ROE9.24%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2.7B$2.5B$2.7B$3B$3.4B$2.8B
Accrued expenses$3.7B$3.6B$3.3B$3.9B$4B$3.6B
Accrued interest$760M$688M$767M$657M$764M$710M
Accrued liabilities and other current$748M$790M$862M$748M$929M$875M
Accrued Litigation—$193M$193M$193M—$193M
Other accrued liabilities$3.7B$3.6B$3.3B$3.9B$4B$3.6B
Regulatory balancing accounts$3.2B$2.6B$2.5B$2.6B$3.1B$1.6B
Wildfire-related claims$916M$750M$787M$492M$524M$380M
Current portion of long-term debt$1.5B$1.5B$1.5B$1B$2.7B$1.7B
Derivative Liabilities Offset$16M$12M$11M$22M$52M$41M
Operating lease liabilities, current$85M$87M$88M$87M$90M$89M
Short-term borrowings$1.5B$1.5B$1.5B$1B$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$2B$2.3B$2.3B$1.9B
Allowance for Doubtful Accounts$418M$424M$404M$408M$408M$407M
Allowance for Doubtful Accounts Receivable (Current)$418M$424M$404M$408M$408M$407M
Cash and cash equivalents$1.2B$2.4B$715M$772M$972M$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$301M$301M$298M$298M$297M$295M
Other current assets$999M$973M$452M$563M$644M$704M
Regulatory balancing accounts$7.2B$5.9B$5.7B$4.8B$6.3B$5B
Wildfire self-insurance asset$905M$939M$969M$1B$1B$1.1B
Derivative assets$403M$416M$386M$330M——
Raw materials$768M$744M$713M$689M$745M$763M
Raw materials and supplies inventory, gross$768M$744M$713M$689M$745M$763M
Inventories$52M$45M$73M$74M$75M$68M
Other Receivables, Gross$1.8B$1.9B$2.1B$1.9B$1.7B$1.8B
Prepaid expenses and other current assets$999M$973M$452M$563M$644M$704M
Restricted cash$273M$383M$221M$368M$259M$359M
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)-$19M-$12M-$4M-$8M-$25M-$31M
Common stock31.6B3.6B3.6B3.6B3.6B3.6B
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$252M$252M$252M$252M$252M$252M
Preferred stock$1.6B$1.6B$1.6B$1.6B$1.6B$1.6B
Retained earnings-$3B-$2.4B-$1.9B-$1.2B-$650M$97M
Total liabilities and stockholders' equity$133.7B$135.4B$136.4B$138.2B$141.6B$142B
Total stockholders' equity$30.1B$30.7B$31.2B$32B$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)$808M$813M$824M$834M$549M$537M
Finance lease liabilities$4M$4M$3M$5M$2M$0
Long-term debt$53.6B$52.7B$54B$55.5B$57.4B$60.1B
Accrued litigation—$193M$193M$193M—$193M
Retirement and nonpension postretirement benefit obligations$808M$813M$824M$834M$549M$537M
Operating lease liabilities, non-current$439M$425M$412M$375M$360M$409M
Other non-current liabilities$4.2B$4.4B$4.6B$4.8B$4.5B$4.8B
Total liabilities$303M$269M$198M$251M$223M$161M
Total noncurrent liabilities$86.9B$86.7B$88.8B$90.7B$92.5B$96.1B
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$129B$131.3B
Accrued legal liabilities$74M$78M$86M$106M—$145M
Allowance for doubtful accounts$418M$424M$404M$408M$408M$407M
Amount primarily related to deferred taxes on appreciation of investment value$747M$744M$809M$860M$881M$854M
Common stock, par value (in dollars per share)$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
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-$16M-$9M$1M-$19M-$52M-$11M
Derivative netting, Liabilities$16M$12M$11M$22M$52M$41M
Environmental Remediation Liability$1.3B$1.3B$1.3B$1.3B$1.2B$1.4B
Property, plant and equipment$814M$814M$7M$9M$2M$0
Former MGP sites owned by the Utility or third parties$782M$770M$764M$743M$715M$867M
Fossil fuel-fired generation facilities and sites$18M$18M$18M$17M$17M$17M
Hinkley natural gas compressor station$97M$97M$97M$102M$99M$96M
Insurance recovery benefits$117M$122M$244M$222M$282M$262M
Litigation contribution, net—$4B$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—$300M$300M$300M—$300M
Loss contingency, expected capitalization, continuation account———$18B—$18B
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———$9B—$9B
Expected capitalization, proceeds of bond—$21B$21B$21B—$21B
Litigation payment—$2.6B$2.9B$3.2B—$3.5B
Noncontrolling interests in subsidiaries$252M$252M$252M$252M$252M$252M
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$294M$329M$339M$331M$315M$301M
Utility-owned generation facilities (other than fossil fuel-fired), other facilities, and third-party disposal sites$76M$75M$74M$74M$71M$75M

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$4B$4.2B$4.4B$4.2B$4.2B
Net Investment in Lease$524M$513M$500M$462M$450M$498M
Customer credit trust$377M$949M$935M$902M$804M$691M
Wildfire Fund asset$4.1B$4B$3.9B$3.8B$3.7B$3.6B
Operating lease right-of-use assets$524M$513M$500M$462M$450M$498M
Other non-current assets$3.9B$4B$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$129B$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$814M$814M$7M$9M$2M$0
Operating Lease Right-of-Use Assets in Other Assets$524M$513M$500M$462M$450M$498M
Other non-current assets$3.9B$4B$4.2B$4.4B$4.2B$4.2B
Accumulated depreciation$35.3B$36B$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$4B$4.2B$4.4B$4.2B$4.2B
Special Use Funds$3.8B$3.9B$4B$4.2B$4.2B$4.2B
Total assets$133.7B$135.4B$136.4B$138.2B$141.6B$142B
Regulatory assets$234M$212M$302M$323M$305M$230M