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Other financials

Income statement

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Revenue$1.1B+11.4%
Gross profit$712.9M+9.3%
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:OperatingIncomeLoss.

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
Taxes other than income taxes61,97259,354
Other expense3,164584
Total1,018,423975,058
OPERATING INCOME131,17457,222
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction14,78213,249
Pension and other postretirement non-service credits, net (Note 8)3,9822,958
Other income (Note 12)4,98117,461

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's operating income?
Pinnacle West Capital (PNW) reported operating income of $131.17M in Q1 2026.
How has Pinnacle West Capital's operating income changed year-over-year?
Pinnacle West Capital's operating income increased by 129.2% year-over-year, from $57.22M to $131.17M.
What is the long-term trend for Pinnacle West Capital's operating income?
Over 4 years (2021 to 2025), Pinnacle West Capital's operating income has grown at a 7.3% compound annual growth rate (CAGR), from $805.31M to $1.07B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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