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Pinnacle West Capital PNW Reportable 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 reportable segment — interest expense, nonoperating?
Pinnacle West Capital (PNW) reported reportable segment — interest expense, nonoperating of $116M in Q1 2026.
How has Pinnacle West Capital's reportable segment — interest expense, nonoperating changed year-over-year?
Pinnacle West Capital's reportable segment — interest expense, nonoperating increased by 22.1% year-over-year, from $95M to $116M.
What is the long-term trend for Pinnacle West Capital's reportable segment — interest expense, nonoperating?
Over 3 years (2022 to 2025), Pinnacle West Capital's reportable segment — interest expense, nonoperating has grown at a -5.2% compound annual growth rate (CAGR), from -$256M to $218M.
What does reportable segment — interest expense, nonoperating mean?
Represents the cost of debt financing for the utility segment, excluding interest costs that are capitalized during construction. This is a critical measure of the company's financial leverage and the cost of servicing its debt obligations.

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