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Pinnacle West Capital PNW Non-Controlling Interests

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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:MinorityInterest.

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
Treasury stock at cost; 46,968 and 46,968 shares at respective dates(3,323)(3,323)
Total common stock3,216,3683,228,049
Retained earnings3,883,7383,850,817
Accumulated other comprehensive loss (Note 16)(31,949)(32,408)
Total shareholders’ equity7,068,1577,046,458
Noncontrolling interests (Note 9)42,81140,617
Total equity7,110,9687,087,075
TOTAL LIABILITIES AND EQUITY$30,690,627$30,031,599

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's non-controlling interests?
Pinnacle West Capital (PNW) reported non-controlling interests of $42.81M in Q1 2026.
How has Pinnacle West Capital's non-controlling interests changed year-over-year?
Pinnacle West Capital's non-controlling interests decreased by 60.2% year-over-year, from $107.47M to $42.81M.
What is the long-term trend for Pinnacle West Capital's non-controlling interests?
Over 5 years (2020 to 2025), Pinnacle West Capital's non-controlling interests has grown at a -19.4% compound annual growth rate (CAGR), from $119.29M to $40.62M.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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