Revenue Growth Driven by Demand
Revenue increased 11.4% YoY from $1.03B to $1.15B in Q1 2026, reflecting stronger electricity demand and potentially favorable rate conditions in Arizona Public Service's service territory.
PINNACLE WEST CAPITAL CORP is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: PNW (Pinnacle West Capital) delivered strong Q1 2026 results with revenue up 11.4% YoY to $1.15B and operating income surging 129.2% to $131.2M, though operating cash flow declined 41.5% and long-term debt rose 21.6% amid continued capital investment.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue increased 11.4% YoY from $1.03B to $1.15B in Q1 2026, reflecting stronger electricity demand and potentially favorable rate conditions in Arizona Public Service's service territory.
Operating income surged 129.2% YoY from $57.2M to $131.2M, with operating margin expanding significantly from 5.5% to 11.4%, indicating meaningful improvement in operational efficiency and cost management relative to revenues.
Basic and diluted EPS improved dramatically from -$0.04 in Q1 2025 to $0.27 in Q1 2026, representing a 775% YoY change and signaling a return to profitability at the per-share level after a loss quarter.
Revenue
$1.15B
++11.36% YoY
EPS (Basic)
$0.27
++775.00% YoY
Operating Income
$131.17M
++129.24% YoY
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