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Pinnacle West Capital

Pinnacle West CapitalPNWEarnings & Financial Report

NYSE · Utilities · Multi-Utilities

Pinnacle West Capital Corporation is an American utility holding company that owns Arizona Public Service (APS). It is publicly traded on the New York Stock exchange and a component of the S&P 500 stock market index. APS is the largest utility company in Arizona and is regulated by the Arizona Corporation Commission (ACC).

NextFeb 25, 2026

PNW Q3 2025 Key Financial Metrics

Revenue

$1.8B

Gross Profit

N/A

Operating Profit

$581.8M

Net Profit

N/A

Gross Margin

N/A

Operating Margin

32.0%

Net Margin

N/A

YoY Growth

2.9%

EPS

$3.39

Financial Flow

Pinnacle West Capital Q3 2025 Financial Summary

Pinnacle West Capital reported revenue of $1.8B for Q3 2025, with a net profit of N/A (N/A margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$1.8B
Net ProfitN/A
Gross MarginN/A
Operating Margin32.0%
Report PeriodQ3 2025

Pinnacle West Capital Annual Revenue by Year

Pinnacle West Capital annual revenue history includes year-by-year totals (for example, 2024 revenue was $5.1B).

YearAnnual Revenue
2024$5.1B
2023$4.7B
2022$4.3B

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$991.6M$951.7M$1.31B$1.77B$1.10B$1.03B$1.36B$1.82B
YoY Growth-1.8%0.7%16.7%8.0%10.5%8.5%3.8%2.9%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$24.66B$24.85B$25.70B$26.31B$26.10B$27.24B$29.24B$29.89B
LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Equity$6.18B$6.20B$6.21B$6.62B$6.75B$6.74B$6.73B$7.17B

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$373.8M$347.4M$189.8M$633.2M$439.5M$401.9M$261.4M$665.0M