Pinnacle West Capital (PNW) Financials: History & Chart

Pinnacle West Capital Corporation (PNW)PNWPinnacle West Capital Corporation

About Pinnacle West Capital Corporation

Pinnacle West Capital Corporation (PNW), primarily operating through its Arizona Public Service Company (APS) subsidiary, delivers retail and wholesale electricity services predominantly within Arizona. The company manages the full scope of electricity provision, encompassing generation, transmission, and distribution, leveraging a diverse energy portfolio that includes coal, nuclear, natural gas, oil, and solar power facilities. Its robust infrastructure for power delivery features approximately 5,814 pole miles of overhead transmission lines and roughly 74 miles of subterranean transmission lines. For distribution, the company maintains about 11,258 miles of overhead lines and an estimated 22,821 miles of underground primary cabling. This network is further supported by 475 owned and managed transmission and distribution substations. PNW possesses or leases roughly 6,323 megawatts of regulated power generation capacity and supplies electricity to an estimated 1.3 million customers. Established in 1985, Pinnacle West Capital Corporation's corporate headquarters are situated in Phoenix, Arizona.

Phoenix, AZ

6,610 employees

www.pinnaclewest.com

Utilities / Regulated Electric

Sector: Utilities
Industry: Regulated Electric
CEO: Theodore N. Geisler

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	5.55B	1.46B	1.15B	1.13B	1.82B	1.36B	1.03B	1.10B	1.77B
Cost of Goods Sold	2.47B	0.00	436.73M	922.09M	1.11B	763.61M	680.18M	723.40M	939.44M
Gross Profit	3.08B	1.46B	712.87M	206.07M	707.97M	595.14M	352.10M	372.01M	829.36M
Gross Profit Margin	55.5%	100.0%	62.0%	18.3%	38.9%	43.8%	34.1%	34.0%	46.9%
Total Operating Expenses	1.58B	1.15B	311.50M	61.10M	58.75M	287.59M	294.88M	287.47M	282.37M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	1.18B	906.85M	276.70M	0.00	0.00	0.00	-2.96M	0.00	0.00
Operating Income (EBIT)	1.50B	305.67M	401.36M	144.98M	649.21M	307.55M	57.22M	84.54M	546.99M
Operating Margin	27.0%	21.0%	34.9%	12.9%	35.7%	22.6%	5.5%	7.7%	30.9%
Income Before Tax (EBT)	761.35M	212.07M	36.28M	17.59M	495.41M	231.89M	-6.52M	-2.53M	473.50M
Interest Income	12.43M	1.77M	2.88M	3.05M	4.73M	4.26M	6.00M	5.00M	6.37M
Interest Expense	463.25M	122.20M	115.90M	113.96M	111.20M	101.97M	94.84M	94.96M	98.02M
Other Income/Expense	-739.87M	-93.60M	-365.08M	-127.38M	-153.81M	-75.66M	-63.74M	-87.07M	-73.49M
Net Income	640.11M	178.57M	32.92M	15.40M	413.21M	192.56M	-4.64M	-6.83M	394.97M
Income Tax Expense	110.36M	31.30M	1.17M	-3K	77.89M	35.02M	-6.18M	-10K	74.23M
Net Profit Margin	11.5%	12.3%	2.9%	1.4%	22.7%	14.2%	-0.4%	-0.6%	22.3%
EBITDA	2.46B	548.90M	641.22M	382.95M	888.63M	549.13M	307.87M	329.13M	793.03M
EBITDA Margin	44.3%	37.7%	55.8%	33.9%	48.8%	40.4%	29.8%	30.0%	44.8%
Depreciation & Amortization	960.47M	243.23M	239.86M	237.97M	239.42M	241.57M	250.65M	244.60M	246.04M
EPS Basic	5.32	1.47	0.27	0.13	3.45	1.61	-0.04	-0.06	3.47
EPS Diluted	5.21	1.43	0.27	0.12	3.39	1.58	-0.04	-0.06	3.37
Shares Outstanding	121.31M	121.31M	121.36M	119.69M	119.62M	119.52M	119.59M	114.34M	113.73M
Diluted Shares Outstanding	124.49M	124.49M	123.78M	121.97M	121.96M	121.86M	119.59M	114.34M	117.12M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	5.34B	5.12B	4.70B	4.32B	3.80B	3.59B	3.47B	3.69B
Cost of Goods Sold	3.98B	2.99B	2.85B	2.62B	2.11B	1.95B	1.98B	2.11B
Gross Profit	1.36B	2.14B	1.84B	1.71B	1.70B	1.63B	1.49B	1.58B
Gross Profit Margin	25.4%	41.7%	39.3%	39.5%	44.6%	45.6%	42.8%	42.8%
Total Operating Expenses	238.48M	1.13B	1.02B	976.06M	891.91M	846.50M	815.40M	804.70M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	1.12B	1.01B	824.64M	731.91M	805.31M	788.15M	671.96M	773.69M
Operating Margin	20.9%	19.7%	17.6%	16.9%	21.2%	22.0%	19.4%	21.0%
Income Before Tax (EBT)	738.37M	736.56M	595.69M	575.65M	746.03M	648.23M	542.04M	664.44M
Interest Income	18.04M	24.32M	27.24M	7.33M	6.73M	12.21M	10.38M	8.65M
Interest Expense	421.97M	377.47M	331.32M	255.54M	233.26M	228.97M	216.72M	218.28M
Other Income/Expense	-379.83M	-275.50M	-228.95M	-156.26M	-59.28M	-139.93M	-129.92M	-109.25M
Net Income	616.53M	608.81M	501.56M	483.60M	618.72M	550.56M	538.32M	511.05M
Income Tax Expense	106.73M	110.53M	76.91M	74.83M	110.09M	78.17M	-15.77M	133.90M
Net Profit Margin	11.5%	11.9%	10.7%	11.2%	16.3%	15.3%	15.5%	13.8%
EBITDA	2.09B	1.97B	1.68B	1.55B	1.52B	1.47B	1.34B	1.42B
EBITDA Margin	39.1%	38.4%	35.7%	35.8%	40.1%	41.1%	38.5%	38.6%
Depreciation & Amortization	969.62M	956.18M	854.14M	817.81M	719.14M	686.25M	664.14M	650.96M
EPS Basic	5.15	5.35	4.42	4.27	5.48	4.89	4.79	4.56
EPS Diluted	5.05	5.24	4.41	4.26	5.47	4.87	4.77	4.54
Shares Outstanding	119.69M	113.85M	113.44M	113.20M	112.91M	112.67M	112.44M	112.13M
Diluted Shares Outstanding	121.97M	116.23M	113.80M	113.42M	113.19M	112.94M	112.76M	112.55M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.