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PG&E PCG Wildfire-related claims, net of recoveries

Wildfire-related claims, net of recoveries at other companies

Edison International logo
Edison InternationalEIX
-$5M+99.6%
Edison International logo
Edison InternationalEIX
-$22M+83.2%
Investors Title Company logo
Investors Title CompanyITIC
$1.58M+53.5%
Investors Title Company logo
Investors Title CompanyITIC
$1.58M+53.5%
Sempra Energy logo
Sempra EnergySRE
$235M-7.8%
Equity Lifestyle Properties logo
Equity Lifestyle PropertiesELS
-$7.09M-1,211%

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$38.45B+15.8%
Enterprise value$100.86B+13.9%
P/E12.2×-1.5×
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 pcg:LossFromCatastrophesGainFromInsuranceRecovery.

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 electricity8005991,361998
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

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is PG&E's wildfire-related claims, net of recoveries?
PG&E (PCG) reported wildfire-related claims, net of recoveries of $0 in Q2 2026.
How has PG&E's wildfire-related claims, net of recoveries changed year-over-year?
PG&E's wildfire-related claims, net of recoveries decreased by 100.0% year-over-year, from $50M to $0.
What is the long-term trend for PG&E's wildfire-related claims, net of recoveries?
Over 4 years (2021 to 2025), PG&E's wildfire-related claims, net of recoveries has grown at a -21.3% compound annual growth rate (CAGR), from $261M to $100M.
What does wildfire-related claims, net of recoveries mean?
Captures the net financial impact of catastrophic events, such as wildfires, after accounting for insurance payouts and legal recoveries. This metric highlights the volatility of environmental and liability risks.

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