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Pinnacle West Capital PNW Deferred fuel and purchased power

Deferred fuel and purchased power at other companies

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OGE EnergyOGE
$0-100%
FirstEnergy logo
FirstEnergyFE
-$457M-4,470%
WEC Energy Group logo
WEC Energy GroupWEC
0.5%0.0pp
OGE Energy logo
OGE EnergyOGE
-$28.2M-147%
FirstEnergy logo
FirstEnergyFE
-$34M+73.2%
FirstEnergy logo
FirstEnergyFE
$0+100%

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 us-gaap:IncreaseDecreaseInRegulatoryClauseRevenue.

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?
Pinnacle West Capital (PNW) reported deferred fuel and purchased power of -$26.52M in Q1 2026.
How has Pinnacle West Capital's deferred fuel and purchased power changed year-over-year?
Pinnacle West Capital's deferred fuel and purchased power decreased by 5.1% year-over-year, from -$25.23M to -$26.52M.
What is the long-term trend for Pinnacle West Capital's deferred fuel and purchased power?
Over 4 years (2021 to 2025), Pinnacle West Capital's deferred fuel and purchased power has grown at a 6.0% compound annual growth rate (CAGR), from -$256.87M to -$324.48M.
What does deferred fuel and purchased power mean?
The net change in deferred fuel and power costs awaiting regulatory recovery.
How do you interpret deferred fuel and purchased power?
An increase represents costs incurred but not yet recovered, while a decrease indicates the collection of previously deferred costs.
How does deferred fuel and purchased power compare across companies?
Common in regulated utilities; reflects the effectiveness of fuel adjustment clauses.