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Segments

By segment

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Other-$19M-280%

Other financials

Income statement

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Revenue$1.1B+11.4%
Gross profit$712.9M+9.3%
Operating income$131.2M+129%
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$12.3B+11.3%
Enterprise value$27.44B+9.6%
P/E18.4×-0.1×
P/S2.3×+0.2×

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:ProfitLoss.

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
Total115,89694,841
Income (Loss) Before Income Taxes36,283(6,521)
Income taxes (benefit)1,169(6,183)
Net Income (Loss)35,114(338)
Less: Net income attributable to noncontrolling interests (Note 9)2,1944,306
Net Income (Loss) Attributable to Common Shareholders$32,920$(4,644)
Weighted-average common shares outstanding - basic121,360119,594
Weighted-average common shares outstanding - diluted123,778119,594

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's net income?
Pinnacle West Capital (PNW) reported net income of $35.11M in Q1 2026.
How has Pinnacle West Capital's net income changed year-over-year?
Pinnacle West Capital's net income increased by 10488.8% year-over-year, from -$338K to $35.11M.
What is the long-term trend for Pinnacle West Capital's net income?
Over 4 years (2021 to 2025), Pinnacle West Capital's net income has grown at a -0.2% compound annual growth rate (CAGR), from $635.94M to $631.64M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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