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PG&E PCG Settlement expense

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Other financials

Income statement

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Revenue$5.9B+0.1%
Operating income$1.3B+15.2%
Net income$761.0M+38.6%
EPS (diluted)$0.33+37.5%

Balance sheet

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Cash & equivalents$1.2B+70.8%
Total debt$63.6B+13.6%
Total equity$33.9B+8.7%
Total assets$145.08B+6.4%

Cash flow

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Operating cash flow$906.0M-14.3%
CapEx$3.0B-3.2%
Free cash flow-$2.1B-2.6%

Valuation

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Market cap$37.88B+13.9%
Enterprise value$100.29B+13.2%
P/E12×-1.7×
P/S1.5×+0.1×

Profitability

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Operating margin20%+2.1pp
Net margin12.3%+2.3pp
FCF margin-16.5%

Returns & leverage

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Return on equity9.7%+1.2pp
Debt / equity1.9×+0.1×
Current ratio1.2×+0.3×

Where this comes from

Reported directly by PG&E in its filing.

Tagged under the XBRL concept us-gaap:LitigationSettlementExpense.

The source filing: PG&E’s 10-Q, filed July 23, 2026.

Filed
Jul 22, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001004980-26-000048
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of natural gas115111585607
Operating and maintenance2,5362,8605,6485,506
Wildfire-related claims, net of recoveries5099
Wildfire Fund expense126109228185
Depreciation, amortization, and decommissioning1,0621,0732,2282,170
Total operating expenses4,6394,80210,0509,565
Operating Income1,2631,0962,7332,316
Interest income110181232298

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is PG&E's settlement expense?
PG&E (PCG) reported settlement expense of $126M in Q2 2026.
How has PG&E's settlement expense changed year-over-year?
PG&E's settlement expense increased by 15.6% year-over-year, from $109M to $126M.
What is the long-term trend for PG&E's settlement expense?
Over 4 years (2021 to 2025), PG&E's settlement expense has grown at a -9.2% compound annual growth rate (CAGR), from $517M to $352M.
What does settlement expense mean?
This metric captures the financial impact of legal settlements, claims, and related liabilities arising from litigation or regulatory disputes. For utility companies, this often includes costs associated with environmental incidents, safety claims, or operational failures. It serves as a critical indicator of legal risk exposure and the potential for non-recurring charges to impact bottom-line profitability.

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