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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$12.4B+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:RegulatoryAssetsCurrent.

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 regulatory assets?
Pinnacle West Capital (PNW) reported regulatory assets of $196.73M in Q1 2026.
How has Pinnacle West Capital's regulatory assets changed year-over-year?
Pinnacle West Capital's regulatory assets decreased by 38.9% year-over-year, from $322.07M to $196.73M.
What is the long-term trend for Pinnacle West Capital's regulatory assets?
Over 5 years (2020 to 2025), Pinnacle West Capital's regulatory assets has grown at a 19.8% compound annual growth rate (CAGR), from $115.88M to $286.01M.
What does regulatory assets mean?
Costs the utility has spent that regulators have agreed can be collected from customers later.
How do you interpret regulatory assets?
An increase indicates higher deferred costs to be recovered, potentially impacting future rate cases.
How does regulatory assets compare across companies?
Standard across all regulated utilities; size depends on specific state regulatory environments.