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Pinnacle West Capital PNW Total costs & expenses

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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$12.22B+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:CostsAndExpenses.

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
Depreciation and amortization239,858234,940
Taxes other than income taxes61,97259,354
Other expense3,164584
Total1,018,423975,058
OPERATING INCOME131,17457,222
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction14,78213,249
Pension and other postretirement non-service credits, net (Note 8)3,9822,958

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Pinnacle West Capital's total costs & expenses?
Pinnacle West Capital (PNW) reported total costs & expenses of $1.02B in Q1 2026.
How has Pinnacle West Capital's total costs & expenses changed year-over-year?
Pinnacle West Capital's total costs & expenses increased by 4.4% year-over-year, from $975.06M to $1.02B.
What is the long-term trend for Pinnacle West Capital's total costs & expenses?
Over 4 years (2021 to 2025), Pinnacle West Capital's total costs & expenses has grown at a 9.3% compound annual growth rate (CAGR), from $3B to $4.27B.
What does total costs & expenses mean?
Total costs and expenses represent the sum of all operating costs, including fuel, maintenance, depreciation, and other administrative expenses. It provides a comprehensive view of the total resources consumed to support the utility's operations during the period.

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