Filing Flows › Pinnacle West Capital (PNW) › Q3 2026
Pinnacle West Capital (PNW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Pinnacle West Capital (PNW) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +36% from the quarter before. Operating margin was 31.5%, net earnings $434M (22.0% of revenue).
Pinnacle West Capital, Q3 2026: revenue $2.0B (+8% year over year), operating margin 31.5%, net earnings $434M, operating cash flow $723M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +36% | +8% |
| Operating profit | $621M | +103% | +7% |
| Net earnings | $434M | +143% | +5% |
| Operating cash flow | $723M | +84% | +9% |
What changed
Revenue was $2.0B in Q3 2026, up 8% year over year and up 36% from the previous quarter.
Operating profit was $0.62B, a 31.5% margin (down 0.5 points year over year). Of the extra revenue versus Q3 2025, 26% reached operating profit, below the 32% margin then. Total costs grew 9% against revenue growth of 8%. The fastest-growing cost line was Cost of revenue (+16%). Net earnings were $0.43B, up 5% year over year. The effective tax rate was 15.6%.
Operating cash flow was $0.72B (up 9% year over year), 166% of net earnings. Non-cash charges added back $0.26B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.73B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Pinnacle West Capital's revenue in the third quarter 2026?
Pinnacle West Capital (PNW) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +36% from the quarter before.
Was Pinnacle West Capital profitable in the third quarter 2026?
Operating profit was $621M (31.5% of revenue) and net earnings $434M.