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Pinnacle West Capital PNW Regulated Electricity Segment — Interest Expense, Nonoperating

Other segment segments

Other
$24M+50.0%

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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$12.3B+11.3%
Enterprise value$27.44B+9.6%
P/E18.4×-0.1×
P/S2.3×+0.2×

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:InterestExpenseNonoperating.

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, 2026 / Regulated Electricity SegmentThree Months Ended March 31, 2026 / OtherThree Months Ended March 31, 2026 / Pinnacle West ConsolidatedThree Months Ended March 31, 2025 / Regulated Electricity SegmentThree Months Ended March 31, 2025 / OtherThree Months Ended March 31, 2025 / Pinnacle West Consolidated
Taxes other than income taxes(62)(62)(59)(59)
Allowance for equity funds used during construction15151313
Pension and other postretirement non-service credits, net4433
Other income and (expense), net(3)2(1)31114
Interest charges, net of allowance for borrowed funds used during construction(92)(24)(116)(79)(16)(95)
Income (taxes) benefit(8)7(1)336
Less: Net income attributable to noncontrolling interests(2)(2)(4)(4)
Net Income (Loss) Attributable to Common Shareholders$52$(19)$33$(5)$(5)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's regulated electricity segment — interest expense, nonoperating?
Pinnacle West Capital (PNW) reported regulated electricity segment — interest expense, nonoperating of $92M in Q1 2026.
How has Pinnacle West Capital's regulated electricity segment — interest expense, nonoperating changed year-over-year?
Pinnacle West Capital's regulated electricity segment — interest expense, nonoperating increased by 16.5% year-over-year, from $79M to $92M.
What is the long-term trend for Pinnacle West Capital's regulated electricity segment — interest expense, nonoperating?
Over 3 years (2022 to 2025), Pinnacle West Capital's regulated electricity segment — interest expense, nonoperating has grown at a -10.0% compound annual growth rate (CAGR), from -$236M to $172M.
What does regulated electricity segment — interest expense, nonoperating mean?
This represents the cost of debt financing for the utility segment, excluding interest costs that are capitalized during construction. It reflects the financial burden of the utility's capital structure and long-term debt obligations.

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