ARIZONA PUBLIC SERVICE COMPANY - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
OPERATING REVENUES (Note 4)	$ 1,149,597	$ 1,032,280
OPERATING EXPENSES
Fuel and purchased power	436,729	380,071
Operations and maintenance	276,700	300,109
Depreciation and amortization	239,858	234,940
Taxes other than income taxes	61,972	59,354
Other expense	3,164	584
Total	1,018,423	975,058
OPERATING INCOME	131,174	57,222
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	14,782	13,249
Pension and other postretirement non-service credits, net (Note 8)	3,982	2,958
Other income (Note 12)	4,981	17,461
Other expense (Note 12)	(2,740)	(2,570)
Total	21,005	31,098
INTEREST EXPENSE
Interest charges	125,759	104,943
Allowance for borrowed funds used during construction	(9,863)	(10,102)
Total	115,896	94,841
Income (Loss) Before Income Taxes	36,283	(6,521)
Income taxes (benefit)	1,169	(6,183)
NET INCOME (LOSS)	35,114	(338)
Less: Net income attributable to noncontrolling interests (Note 9)	2,194	4,306
Net Income (Loss) Attributable to Common Shareholders	32,920	(4,644)
APS
OPERATING REVENUES (Note 4)	1,149,597	1,032,280
OPERATING EXPENSES
Fuel and purchased power	436,729	380,071
Operations and maintenance	273,315	296,651
Depreciation and amortization	239,842	234,923
Taxes other than income taxes	61,963	59,336
Other expense	3,164	584
Total	1,015,013	971,565
OPERATING INCOME	134,584	60,715
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	14,782	13,249
Pension and other postretirement non-service credits, net (Note 8)	4,205	3,200
Other income (Note 12)	2,645	5,722
Other expense (Note 12)	(2,668)	(2,333)
Total	18,964	19,838
INTEREST EXPENSE
Interest charges	101,794	88,771
Allowance for borrowed funds used during construction	(9,863)	(10,102)
Total	91,931	78,669
Income (Loss) Before Income Taxes	61,617	1,884
Income taxes (benefit)	7,672	(2,701)
NET INCOME (LOSS)	53,945	4,585
Less: Net income attributable to noncontrolling interests (Note 9)	2,194	4,306
Net Income (Loss) Attributable to Common Shareholders	$ 51,751	$ 279