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Deferred Credits at other companies

Duke Energy logo
Duke EnergyDUK
$1.7B+15.7%
Southern Company logo
Southern CompanySO
$34.65B
Xcel Energy logo
Xcel EnergyXEL

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:DeferredCreditsAndOtherLiabilities.

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 deferred credits?
Pinnacle West Capital (PNW) reported deferred credits of $11.08B in Q1 2026.
How has Pinnacle West Capital's deferred credits changed year-over-year?
Pinnacle West Capital's deferred credits increased by 21.0% year-over-year, from $9.16B to $11.08B.
What is the long-term trend for Pinnacle West Capital's deferred credits?
Over 5 years (2020 to 2025), Pinnacle West Capital's deferred credits has grown at a 9.9% compound annual growth rate (CAGR), from $6.59B to $10.58B.
What does deferred credits mean?
Income received early or credits that will be accounted for as revenue in future years.
How do you interpret deferred credits?
An increase often reflects regulatory mechanisms that smooth out customer rates or timing differences in revenue recognition.
How does deferred credits compare across companies?
Common in regulated utilities where regulatory commissions dictate the timing of revenue and cost recovery.