Pinnacle West Capital (PNW) Operating Leases (2019 - 2026)
Pinnacle West Capital's Operating Leases was $4.01 billion in Q1 2026, up 76.0% from $2.28 billion a year earlier and up 13.0% from the prior quarter.
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Analysis
Pinnacle West Capital (PNW) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at Pinnacle West Capital came in at $3.55 billion, up 133.3% from FY2024.
- Operating Leases has now increased for three consecutive years, with a five-year compound annual growth rate of 57.9% (FY2020 to FY2025).
- In earlier years, Operating Leases was $1.52 billion in FY2024 (+25.7%), $1.21 billion in FY2023 (+89.3%), $639.25 million in FY2022 (-12.2%) and $728.4 million in FY2021 (+101.6%).
- The Q1 2026 figure marks the highest quarterly Operating Leases in data going back to Q1 2019.
- Compared with a year earlier, Operating Leases has increased for eight straight quarters, with growth averaging 80.0% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was Q3 2025 (growth of 134.9%); the worst was Q4 2022 (a decline of 12.2%).
- Per Business Quant data, PNW's Operating Leases in the three quarters before Q1 2026 was $3.55 billion (Q4 2025), $3.56 billion (Q3 2025) and $3.55 billion (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nextera Energy | 176.77 Bn | 163.51 Bn | - |
| 2 | Southern | 107.08 Bn | 98.14 Bn | 5.92 Bn |
| 3 | Duke Energy | 99.01 Bn | 95.26 Bn | 5.66 Bn |
| 4 | National Grid | 82.37 Bn | 54.66 Bn | - |
| 5 | American Electric Power | 70.70 Bn | 67.87 Bn | 3.84 Bn |
| 6 | Dominion Energy | 59.40 Bn | 57.39 Bn | - |
| 7 | Sempra | 55.97 Bn | 55.10 Bn | 2.89 Bn |
| 8 | Entergy | 50.20 Bn | 39.32 Bn | - |
| 9 | Xcel Energy | 49.66 Bn | 43.13 Bn | - |
| 10 | Pinnacle West Capital | 13.01 Bn | 12.96 Bn | 897.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 4.01 Bn |
| Dec 31, 2025 | 3.55 Bn |
| Sep 30, 2025 | 3.56 Bn |
| Jun 30, 2025 | 3.55 Bn |
| Mar 31, 2025 | 2.28 Bn |
| Dec 31, 2024 | 1.52 Bn |
| Sep 30, 2024 | 1.52 Bn |
| Jun 30, 2024 | 1.52 Bn |
| Mar 31, 2024 | 1.23 Bn |
| Dec 31, 2023 | 1.21 Bn |
| Sep 30, 2023 | 1.20 Bn |
| Jun 30, 2023 | 1.22 Bn |
| Mar 31, 2023 | 1.24 Bn |
| Dec 31, 2022 | 639.25 Mn |
| Sep 30, 2022 | 642.57 Mn |
| Jun 30, 2022 | 710.51 Mn |
| Mar 31, 2022 | 735.72 Mn |
| Dec 31, 2021 | 728.40 Mn |
| Sep 30, 2021 | 478.85 Mn |
| Jun 30, 2021 | 547.16 Mn |
API Access
Pinnacle West Capital Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=PNW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "PNW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=PNW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();