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Pinnacle West Capital PNW Deferred investment tax credit

Deferred investment tax credit at other companies

EVR
EvergyEVRG
$1.75M-2.8%
Dominion Energy logo
Dominion EnergyD
$9M+190%
Essential Utilities logo
Essential UtilitiesWTRG
$4.43M-3.7%
OGE Energy logo
OGE EnergyOGE
$9.6M-7.7%
AWK
American Water WorksAWK
$3.19B+10.7%
NiSource logo
NiSourceNI
-$7.55M+3.2%

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 pnw:DeferredInvestmentTaxCreditExpense.

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 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?
The gradual recognition of tax credits earned from capital investments.
How do you interpret deferred investment tax credit?
Consistent recognition indicates stable, long-term tax benefits from past infrastructure investments.
How does deferred investment tax credit compare across companies?
Standard for utilities investing in renewable energy or large-scale generation projects.