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Pinnacle West Capital PNW Investing Cash Flow

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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$12.22B+10.6%
Enterprise value$27.36B+9.3%
P/E18.3×-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:NetCashProvidedByUsedInInvestingActivities.

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 itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Proceeds from nuclear decommissioning trusts sales and other special use funds512,234485,814
Investment in nuclear decommissioning trusts and other special use funds(513,001)(486,385)
Other(2,783)(4,134)
Net cash used for investing activities(551,548)(586,115)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of long-term debt594,840
Short-term borrowings and (repayments), net(162,905)301,747
Dividends paid on common stock(108,462)(104,934)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's investing cash flow?
Pinnacle West Capital (PNW) reported investing cash flow of -$551.55M in Q1 2026.
How has Pinnacle West Capital's investing cash flow changed year-over-year?
Pinnacle West Capital's investing cash flow increased by 5.9% year-over-year, from -$586.12M to -$551.55M.
What is the long-term trend for Pinnacle West Capital's investing cash flow?
Over 4 years (2021 to 2025), Pinnacle West Capital's investing cash flow has grown at a 14.4% compound annual growth rate (CAGR), from -$1.39B to -$2.38B.
What does investing cash flow mean?
Total net cash provided by or used in investing activities — capex, acquisitions, investment purchases/sales, and other investing items.

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