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Pinnacle West Capital PNW Deferred investment tax credit

Deferred investment tax credit at other companies

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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+10.9%
Enterprise value$27.36B+9.4%
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 pnw:DeferredInvestmentTaxCreditExpense.

The source filing: Pinnacle West Capital’s 10-Q, filed May 4, 2026. Open the filing →

Filed
May 4, 2026, 8:24 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000764622-26-000025

FAQ

What is Pinnacle West Capital's deferred investment tax credit?
Pinnacle West Capital (PNW) reported deferred investment tax credit of -$1.09M in Q1 2026.
How has Pinnacle West Capital's deferred investment tax credit changed year-over-year?
Pinnacle West Capital's deferred investment tax credit decreased by 3127.8% year-over-year, from $36K to -$1.09M.
What is the long-term trend for Pinnacle West Capital's deferred investment tax credit?
Over 3 years (2021 to 2025), Pinnacle West Capital's deferred investment tax credit has grown at a 130.5% compound annual growth rate (CAGR), from -$4.8M to $58.77M.
What does deferred investment tax credit mean?
This represents the amortization of investment tax credits that were previously deferred and are now being recognized as a reduction to income tax expense over the life of the related assets. It reflects the long-term tax benefits associated with capital investments in energy infrastructure. This adjustment reconciles the accounting recognition of tax credits with actual cash flow.

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