“APS’s consolidated net cash provided by financing activities was $503 million in 2026 compared to $561 million in 2025, a decrease of $58 million in net cash provided primarily due to a net decrease of $753 million in short-term borrowings and $200 million in…”10-Q · Aug 4, 2026 ↗
Pinnacle West Capital Corporation
PNW
Market read
Pinnacle West Capital Corporation's move is being confirmed by its market group.
No new filing conclusion is available. 13 of 35 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
- At least 23 of 35 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as HELE begins moving with the group.
Invalidation: The live read weakens if participation falls to 12 of 35 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 13 of 35 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 23 of 35 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as HELE begins moving with the group.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Data center and AI demand has repeated favorable evidence across 4 filings.
- Supply chain and availability has repeated favorable evidence across 4 filings.
- Tariffs and trade policy has repeated favorable evidence across 4 filings.
- Diluted shares increased 4.9% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- EV/sales is 31% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
96.58Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“While steady customer growth was somewhat offset by lower usage among residential customers, energy savings driven by customer conservation, energy efficiency, and distributed renewable generation initiatives, the main drivers of increased revenues for this p…”10-Q · May 4, 2026 ↗
“As a result of increased tariffs and supply chain constraints, APS amended several of its agreements from its ASRFP issued in 2023 to mitigate these cost impacts.”10-Q · Aug 4, 2026 ↗
“As a result of increased tariffs and supply chain constraints, APS amended several of its agreements from its ASRFP issued in 2023 to mitigate these cost impacts.”10-Q · Aug 4, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.2× · EV/sales 3.9×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PNW. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for PNW. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind PNW
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
PWFiling-linked namepartnerFeb 25, 2026 ▾
“PNW Power’s investments include TransCanyon, a 50/50 joint venture that was formed in 2014 with BHE U.S.”
PWFiling-linked nameinvesteeFeb 25, 2026 ▾
“Certain investments and assets that BCE previously held, including the TransCanyon joint venture and holdings in the two Tenaska wind farm investments, were not included in the BCE Sale and were instead transferred to Pinnacle West Power, LLC (“PNW Power”), a…”
BRK-BBerkshire Hathaway Inc.investeeFeb 25, 2026 ▾
“Transmission LLC, a subsidiary of Berkshire Hathaway Energy Company.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PNW is currently a Participant in the organic co-movement group Packaged Foods & Beverages. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.