Pinnacle West Capital Corporation

NYSE•PNW

CEO: Mr. Jeffrey B. Guldner

Sector: Utilities

Industry: Regulated Electric

Listing Date: 1961-08-28

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains transmission and distribution substations; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

Contact Information

400 North Fifth Street, PO Box 53999, Phoenix, AZ, 85072-3999, United States

602-250-1000

www.pinnaclewest.com

Market Cap

$12.37B

P/E (TTM)

19.9

22.2

Dividend Yield

3.5%

52W High

$103.97

52W Low

$85.32

52W Range

91%

Rank30Top 19.5%

5.1

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 5.1 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.13B+0.00%

4-Quarter Trend

EPS

$0.13+0.00%

4-Quarter Trend

FCF

-$192.74M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Consolidated Net Income Rises Net Income Attributable to Common Shareholders reached $616.5M USD in 2025, showing an $7.7M USD increase over 2024 results.

Operating Revenue Expansion Consolidated Operating Revenues totaled $5.34B USD for 2025, reflecting a $215M USD increase driven by usage and pricing adjustments.

Strong Operating Cash Flow Net cash provided by operating activities was $1.81B USD in 2025, marking a $195M USD increase compared to the prior year.

APS Customer Base Growth APS retail customers increased 2.4% for the period ended December 31, 2025, supporting projected annual customer growth rates of 1.5% to 2.5%.

Risk Factors

Regulatory Cost Recovery Risk Financial condition depends upon timely cost recovery through regulated rates; adverse ACC/FERC decisions impact liquidity and operations.

Climate Change and Wildfire Threats Extreme weather and wildfire risks threaten infrastructure, potentially causing damage, service disruption, and increased operational costs.

Cybersecurity Vulnerability Exposure Critical IT systems face increasing sophisticated cyber threats, risking property damage, service disruption, and regulatory penalties.

Interest Rate Financing Costs Downgrades or rising interest rates could limit capital access and increase borrowing costs for debt servicing and future financing needs.

Outlook

2025 Rate Case Filing Seeking $579.5M USD net base rate increase in 2025 Rate Case application, with effectiveness expected in the second half of 2026.

Carbon Neutral Goal Update Aspirational goal set for carbon-neutral operations by 2050, aiming to offset remaining GHG emissions through various strategies.

Transmission Infrastructure Upgrades Planning 263 miles of new transmission lines and upgrading 725 miles of existing lines via the 2026 Ten-Year Transmission Plan.

Next IRP Development Underway Developing next Integrated Resource Plan, which considers growth and resource adequacy, due to be filed with the ACC in August 2026.

Peer Comparison

Revenue (TTM)

NEE

$27.48B

+11.0%

AES

$12.23B

-0.4%

CMS

$8.54B

+13.6%

Gross Margin (Latest Quarter)

CMS

127.9%

-13.3pp

NEE

57.5%

+2.2pp

OGE

41.9%

+12.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
NEE	$195.16B	28.6	13.1%	45.0%
CMS	$24.08B	22.1	12.3%	46.8%
EVRG	$19.08B	22.3	8.5%	43.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

3.0%

Moderate Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 29, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data