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Pinnacle West Capital PNW Operating Lease Liabilities

Operating Lease Liabilities at other companies

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PG&EPCG
$409M-3.8%
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Xcel EnergyXEL
$761M-14.4%
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$165M+32.0%
American Electric Power logo
American Electric PowerAEP
$572M
Southern Company logo
Southern CompanySO
$1.28B
Essential Utilities logo
Essential UtilitiesWTRG
$20.08M-22.9%

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:OperatingLeaseLiabilityNoncurrent.

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 operating lease liabilities?
Pinnacle West Capital (PNW) reported operating lease liabilities of $4.01B in Q1 2026.
How has Pinnacle West Capital's operating lease liabilities changed year-over-year?
Pinnacle West Capital's operating lease liabilities increased by 76.0% year-over-year, from $2.28B to $4.01B.
What is the long-term trend for Pinnacle West Capital's operating lease liabilities?
Over 5 years (2020 to 2025), Pinnacle West Capital's operating lease liabilities has grown at a 57.9% compound annual growth rate (CAGR), from $361.34M to $3.55B.
What does operating lease liabilities mean?
The long-term portion of the company's obligations to pay for leased assets.
How do you interpret operating lease liabilities?
An increase indicates higher long-term fixed costs, while a decrease suggests lease expirations or reduced reliance on leased assets.
How does operating lease liabilities compare across companies?
Standardized under modern accounting rules; comparable across all companies with significant physical asset footprints.