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Pinnacle West Capital PNW Asset retirement obligations

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Other financials

Income statement

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Revenue$1.1B+11.4%
Gross profit$712.9M+9.3%
Operating income$131.2M+129%
Net income$35.1M+10,489%
EPS (diluted)$0.27+775%

Balance sheet

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Cash & equivalents$6.4M-36.2%
Total debt$15.1B+24.8%
Total equity$7.1B+4.9%
Total assets$30.7B+12.7%

Cash flow

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Operating cash flow$235.3M-41.5%
CapEx$628.4M+0.9%
Free cash flow-$393.1M-78.1%

Valuation

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Market cap$12.24B+10.9%
Enterprise value$27.38B+9.4%
P/E18.4×-0.2×
P/S2.2×+0.1×

Profitability

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Gross margin63.5%-1.0pp
Operating margin20.9%+1.7pp
Net margin12.2%+0.6pp
FCF margin-18.9%+14.3pp

Returns & leverage

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Return on equity9.7%+0.3pp
Debt / equity2.1×+0.3×
Current ratio0.6×+0.1×

Where this comes from

Reported directly by Pinnacle West Capital in its filing.

Tagged under the XBRL concept us-gaap:AssetRetirementObligationCurrent.

The source filing: Pinnacle West Capital’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 8:24 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000764622-26-000025
Line itemMarch 31,2026December 31,2025
Current maturities of long-term debt (Note 6)600,000600,000
Customer deposits78,23463,776
Liabilities from risk management activities (Note 10)55,91835,141
Liabilities for asset retirements57,42871,698
Operating lease liabilities (Note 17)136,417188,586
Regulatory liabilities (Note 7)117,241210,909
Other current liabilities114,274151,444
Total current liabilities2,695,7203,161,026

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's asset retirement obligations?
Pinnacle West Capital (PNW) reported asset retirement obligations of $57.43M in Q1 2026.
How has Pinnacle West Capital's asset retirement obligations changed year-over-year?
Pinnacle West Capital's asset retirement obligations increased by 21.3% year-over-year, from $47.34M to $57.43M.
What is the long-term trend for Pinnacle West Capital's asset retirement obligations?
Over 5 years (2020 to 2025), Pinnacle West Capital's asset retirement obligations has grown at a 35.7% compound annual growth rate (CAGR), from $15.59M to $71.7M.
What does asset retirement obligations mean?
Estimated costs to dismantle, remove, and restore assets at the end of their useful lives — nuclear decommissioning, mine reclamation, oil well plugging.

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