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Segments

By segment

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Other$0

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$12.3B+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:CostOfGoodsAndServicesSoldDepreciationAndAmortization.

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
OPERATING EXPENSES
Fuel and purchased power436,729380,071
Operations and maintenance276,700300,109
Depreciation and amortization239,858234,940
Taxes other than income taxes61,97259,354
Other expense3,164584
Total1,018,423975,058
OPERATING INCOME131,17457,222

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's D&A?
Pinnacle West Capital (PNW) reported D&A of $239.86M in Q1 2026.
How has Pinnacle West Capital's D&A changed year-over-year?
Pinnacle West Capital's D&A increased by 2.1% year-over-year, from $234.94M to $239.86M.
What is the long-term trend for Pinnacle West Capital's D&A?
Over 4 years (2021 to 2025), Pinnacle West Capital's D&A has grown at a 8.9% compound annual growth rate (CAGR), from $650.88M to $915.34M.
What does D&A mean?
Depreciation and amortization represent the systematic allocation of the cost of tangible and intangible assets over their useful lives. For a utility, this reflects the significant capital investment required to build and maintain power plants, transmission lines, and distribution networks.

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