Pinnacle West Capital Corporation (PNW)

PNW Financials

PNW Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	5.457B	1.150B	1.128B	1.821B	1.359B	1.032B	1.095B	1.769B	1.309B
Cost of Goods Sold	3.235B	436.729M	922.093M	1.113B	763.613M	680.180M	723.399M	939.443M	709.438M
Gross Profit	2.222B	712.868M	206.074M	707.968M	595.138M	352.100M	372.009M	829.358M	599.556M
Gross Profit Margin	62.0%	62.0%	18.3%	38.9%	43.8%	34.1%	34.0%	46.9%	45.8%
Total Operating Expenses	718.940M	311.504M	61.096M	58.754M	287.586M	294.878M	287.471M	282.372M	285.809M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	276.700M	276.700M	0.00	0.00	0.00	-2.958M	0.00	0.00	-12.877M
Operating Income (EBIT)	1.503B	401.364M	144.978M	649.214M	307.552M	57.222M	84.538M	546.986M	313.747M
Operating Margin	34.9%	34.9%	12.9%	35.7%	22.6%	5.5%	7.7%	30.9%	24.0%
Income Before Tax (EBT)	781.173M	36.283M	17.594M	495.408M	231.888M	-6.521M	-2.531M	473.499M	240.532M
Interest Income	14.922M	2.881M	3.051M	4.730M	4.260M	5.996M	4.998M	6.368M	5.396M
Interest Expense	443.023M	115.896M	113.959M	111.200M	101.968M	94.841M	94.960M	98.024M	97.855M
Other Income/Expense	-721.935M	-365.081M	-127.384M	-153.806M	-75.664M	-63.743M	-87.069M	-73.487M	-73.215M
Net Income	654.095M	32.920M	15.403M	413.208M	192.564M	-4.644M	-6.827M	394.966M	203.805M
Income Tax Expense	114.078M	1.169M	-3K	77.894M	35.018M	-6.183M	-10K	74.227M	32.421M
Net Profit Margin	2.9%	2.9%	1.4%	22.7%	14.2%	-0.4%	-0.6%	22.3%	15.6%
EBITDA	2.183B	392.037M	369.525M	846.026M	575.430M	338.971M	337.026M	817.564M	577.520M
EBITDA Margin	34.1%	34.1%	32.8%	46.5%	42.3%	32.8%	30.8%	46.2%	44.1%
Depreciation & Amortization	958.822M	239.858M	237.972M	239.418M	241.574M	250.651M	244.597M	246.041M	239.133M
EPS Basic	5.46	0.27	0.13	3.45	1.61	-0.04	-0.06	3.47	1.79
EPS Diluted	5.36	0.27	0.12	3.39	1.58	-0.04	-0.06	3.37	1.76
Shares Outstanding	121.360M	121.360M	119.687M	119.623M	119.517M	119.594M	114.337M	113.729M	113.695M
Diluted Shares Outstanding	123.778M	123.778M	121.971M	121.956M	121.865M	119.594M	114.337M	117.119M	115.803M

PNW Annual Income Statement (USD)

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	5.340B	5.125B	4.696B	4.324B	3.804B	3.587B	3.471B	3.691B
Cost of Goods Sold	3.983B	2.988B	2.851B	2.616B	2.107B	1.952B	1.984B	2.113B
Gross Profit	1.357B	2.137B	1.845B	1.708B	1.697B	1.635B	1.487B	1.578B
Gross Profit Margin	25.4%	41.7%	39.3%	39.5%	44.6%	45.6%	42.8%	42.8%
Total Operating Expenses	238.481M	1.125B	1.020B	976.059M	891.907M	846.501M	815.396M	804.700M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	1.118B	1.012B	824.640M	731.911M	805.310M	788.152M	671.960M	773.687M
Operating Margin	20.9%	19.7%	17.6%	16.9%	21.2%	22.0%	19.4%	21.0%
Income Before Tax (EBT)	738.369M	736.559M	595.693M	575.653M	746.030M	648.225M	542.040M	664.442M
Interest Income	18.037M	24.322M	27.242M	7.326M	6.726M	12.210M	10.377M	8.647M
Interest Expense	421.968M	377.472M	331.323M	255.539M	233.262M	228.971M	216.723M	218.285M
Other Income/Expense	-379.827M	-275.504M	-228.947M	-156.258M	-59.280M	-139.927M	-129.920M	-109.245M
Net Income	616.531M	608.806M	501.557M	483.602M	618.720M	550.559M	538.320M	511.047M
Income Tax Expense	106.726M	110.529M	76.912M	74.827M	110.086M	78.173M	-15.773M	133.902M
Net Profit Margin	11.5%	11.9%	10.7%	11.2%	16.3%	15.3%	15.5%	13.8%
EBITDA	2.130B	2.070B	1.781B	1.649B	1.698B	1.563B	1.423B	1.534B
EBITDA Margin	39.9%	40.4%	37.9%	38.1%	44.7%	43.6%	41.0%	41.5%
Depreciation & Amortization	969.615M	956.184M	854.136M	817.814M	719.141M	686.253M	664.140M	650.955M
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	119.687M	113.846M	113.442M	113.196M	112.910M	112.666M	112.443M	112.129M
Diluted Shares Outstanding	121.971M	116.232M	113.804M	113.416M	113.192M	112.942M	112.758M	112.550M

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

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

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

94 employees

www.pinnaclewest.com

Utilities / Regulated Electric

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

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