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Pinnacle West Capital PNW Utilities Operating Expense, Maintenance and Operations

Utilities Operating Expense, Maintenance and Operations at other companies

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Segments

By segment

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Other-$4M-33.3%

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$12.22B+10.6%
Enterprise value$27.36B+9.3%
P/E18.3×-0.2×
P/S2.2×+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:UtilitiesOperatingExpenseMaintenanceAndOperations.

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 REVENUES (Note 4)$1,149,597$1,032,280
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

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's utilities operating expense, maintenance and operations?
Pinnacle West Capital (PNW) reported utilities operating expense, maintenance and operations of $276.7M in Q1 2026.
How has Pinnacle West Capital's utilities operating expense, maintenance and operations changed year-over-year?
Pinnacle West Capital's utilities operating expense, maintenance and operations decreased by 7.8% year-over-year, from $300.11M to $276.7M.
What is the long-term trend for Pinnacle West Capital's utilities operating expense, maintenance and operations?
Over 4 years (2021 to 2025), Pinnacle West Capital's utilities operating expense, maintenance and operations has grown at a 5.6% compound annual growth rate (CAGR), from $954.07M to $1.19B.
What does utilities operating expense, maintenance and operations mean?
This metric captures the ongoing costs required to maintain, operate, and repair the utility's generation, transmission, and distribution infrastructure. It excludes fuel and purchased power, focusing instead on the labor, materials, and administrative support needed to keep the grid functional.

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