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Pinnacle West Capital PNW Deferred fuel and purchased power amortization

Deferred fuel and purchased power amortization at other companies

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$21M+5.0%
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$0-100%
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$13M-23.5%
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-$161M

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:IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization.

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 fuel and purchased power amortization?
Pinnacle West Capital (PNW) reported deferred fuel and purchased power amortization of $120.16M in Q1 2026.
How has Pinnacle West Capital's deferred fuel and purchased power amortization changed year-over-year?
Pinnacle West Capital's deferred fuel and purchased power amortization increased by 41.7% year-over-year, from $84.79M to $120.16M.
What is the long-term trend for Pinnacle West Capital's deferred fuel and purchased power amortization?
Over 4 years (2021 to 2025), Pinnacle West Capital's deferred fuel and purchased power amortization has grown at a 79.5% compound annual growth rate (CAGR), from $44.56M to $463.01M.
What does deferred fuel and purchased power amortization mean?
The non-cash expense adjustment for the recovery of deferred fuel and power costs.
How do you interpret deferred fuel and purchased power amortization?
Higher amortization indicates the successful realization of previously deferred regulatory assets into current period earnings.
How does deferred fuel and purchased power amortization compare across companies?
Standard for utilities with fuel cost recovery mechanisms.