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Pinnacle West Capital PNW Change in Inventories

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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$12.4B+7.4%
Enterprise value$27.54B+16.4%
P/E18.6×-0.4×
P/S2.3×+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:IncreaseDecreaseInInventories.

The official record: Pinnacle West Capital’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pinnacle West Capital's change in inventories?
Pinnacle West Capital (PNW) reported change in inventories of -$2M in Q1 2026.
How has Pinnacle West Capital's change in inventories changed year-over-year?
Pinnacle West Capital's change in inventories decreased by 172.2% year-over-year, from $2.77M to -$2M.
What is the long-term trend for Pinnacle West Capital's change in inventories?
Over 2 years (2022 to 2025), Pinnacle West Capital's change in inventories has grown at a -12.6% compound annual growth rate (CAGR), from $83.47M to $63.71M.
What does change in inventories mean?
The net change in the value of materials and fuel held in stock.
How do you interpret change in inventories?
An increase consumes cash, while a decrease provides a cash inflow, reflecting changes in operational procurement strategy.
How does change in inventories compare across companies?
Standard across all utilities; reflects fuel procurement and supply chain management efficiency.