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Pinnacle West Capital PNW Utilities Operating Expense Maintenance And Operations

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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$12.4B+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:UtilitiesOperatingExpenseMaintenanceAndOperations.

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 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?
The day-to-day costs of running and maintaining utility infrastructure and operations.
How do you interpret utilities operating expense maintenance and operations?
Rising costs may indicate aging infrastructure requiring more maintenance, while stable or declining costs suggest effective asset management and operational efficiency.
How does utilities operating expense maintenance and operations compare across companies?
Standard operating expense category for utilities; peers often benchmark this against the number of customers or miles of line.