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Pinnacle West Capital Corporation

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
$10.49B
P/E (TTM)
17.6
21
Dividend Yield
4.1%
52W High
$96.50
52W Low
$81.47
52W Range
41%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.82B+2.94%
4-Quarter Trend

EPS

$3.45-0.58%
4-Quarter Trend

FCF

$41.96M-228.49%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

PW Consolidated Net Income PW consolidated net income attributable to common shareholders $601M for nine months, down $15M versus prior period.
Strong Operating Cash Flow Pinnacle West operating cash flow $1.33B for nine months, showing $158M increase compared to prior year.
APS Rate Case Filing APS filed for $579.5M net base rate increase, representing 13.99% net revenue increase request.
Balance Sheet Expansion Total consolidated assets reached $29.89B by September 30, 2025, reflecting growth in utility plant assets.

Risk Factors

Regulatory Decision Uncertainty Ongoing ACC rate case hearings and regulatory reviews pose unpredictable outcomes for future revenue recovery.
Environmental Compliance Costs Potential material costs from CCR management and evolving EPA effluent limitation guidelines remain uncertain.
Large Load Demand Strain Unprecedented large load customer service requests exceed current generation and transmission resource capacity projections.
Interest Rate Exposure Exposure to changing interest rates affects variable-rate debt costs and market value of fixed income securities.

Outlook

APS Rate Case Effective Date APS expects 2025 Rate Case increase to become effective in the second half of 2026, pending ACC decision.
Carbon Neutral Goal Update APS updated aspirational goal to carbon-neutral by 2050, driving resource planning via IRP and ASRFP processes.
APS 2025 Capital Spending APS estimates $2.40B capital expenditures for 2025, heavily focused on generation and distribution infrastructure upgrades.
Pinnacle West Dividend Hike Pinnacle West increased indicated annual dividend from $3.58 to $3.64 per share, effective December 2025.

Peer Comparison

Revenue (TTM)

NextEra Energy, Inc.NEE
$26.30B
+0.2%
The AES CorporationAES
$12.09B
-1.5%
CMS Energy CorporationCMS
$8.30B
+11.0%

Gross Margin (Latest Quarter)

IDACORP, Inc.IDA
76.9%
+51.4 pp
NextEra Energy, Inc.NEE
66.2%
+1.9 pp
OGE Energy Corp.OGE
62.8%
+12.7 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NEE$168.74B25.912.7%47.3%
CMS$21.60B20.612.4%47.6%
EVRG$17.39B20.78.4%45.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+18.5%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|
    Revenue: $1.82B+2.9%
    |
    EPS: $3.45-0.6%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $1.36B+3.8%
    |
    EPS: $1.61-10.1%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $1.03B+8.5%
    |
    EPS: $-0.04-126.7%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $5.12B+9.1%
    |
    EPS: $5.35+21.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $1.77B+8.0%
    |
    EPS: $3.47-1.1%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $1.31B+16.7%
    |
    EPS: $1.79+90.4%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $951.71M+0.7%
    |
    EPS: $0.15-600.0%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $4.70B+8.6%
    |
    EPS: $4.42+3.5%
    Beat