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Pinnacle West Capital PNW Transmission Services for Others — Total Operating Revenues

Other product segments

Retail Electric Service
$601.73M+14.6%
Wholesale Energy Sales
$14.98M-39.7%
Other Sources
$7.16M-11.9%

Similar metrics at other companies

OTT
OTTRTransmission — Total Operating Revenues
$11.1M-16.1%
OTT
OTTROther — Total Operating Revenues
$3.23M+53.0%
OTT
OTTRRetail: Other — Total Operating Revenues
$2M+8.2%
OTT
OTTRTotal Retail — Total Operating Revenues
$106.11M-3.6%
OTT
OTTRElectric — Total Operating Revenues
$121.32M-5.8%
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OTTRWholesale — Total Operating Revenues
$883K-72.9%

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$12.3B+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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Retail Electric Service
Residential$493,701$448,923
Non-Residential601,733524,857
Wholesale Energy Sales14,97624,824
Transmission Services for Others32,02725,547
Other Sources7,1608,129
Total Operating Revenues$1,149,597$1,032,280

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's transmission services for others — total operating revenues?
Pinnacle West Capital (PNW) reported transmission services for others — total operating revenues of $32.03M in Q1 2026.
How has Pinnacle West Capital's transmission services for others — total operating revenues changed year-over-year?
Pinnacle West Capital's transmission services for others — total operating revenues increased by 25.4% year-over-year, from $25.55M to $32.03M.
What is the long-term trend for Pinnacle West Capital's transmission services for others — total operating revenues?
Over 4 years (2021 to 2025), Pinnacle West Capital's transmission services for others — total operating revenues has grown at a 6.9% compound annual growth rate (CAGR), from $99.29M to $129.67M.
What does transmission services for others — total operating revenues mean?
This metric represents the total revenue generated by providing electricity transmission services to third-party entities over the company's grid infrastructure. It reflects the utilization of the utility's high-voltage network by external power generators or wholesale customers to move electricity across the service territory. This revenue stream is typically governed by regulated tariffs and reflects the strategic value of the company's transmission assets in facilitating regional power market connectivity.

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