Pinnacle West CapitalPNWEarnings & Financial Report
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).
Revenue
$1.4B
Gross Profit
N/A
Operating Profit
$307.6M
Net Profit
$196.9M
Gross Margin
N/A
Operating Margin
22.6%
Net Margin
14.5%
YoY Growth
3.8%
EPS
$1.58
Pinnacle West Capital Q2 FY2025 Financial Summary
Pinnacle West Capital reported revenue of $1.4B (up 3.8% YoY) for Q2 FY2025, with a net profit of $196.9M (down 5.4% YoY) (14.5% margin).
Key Financial Metrics
| Total Revenue | $1.4B |
|---|---|
| Net Profit | $196.9M |
| Gross Margin | N/A |
| Operating Margin | 22.6% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Pinnacle West Capital Q2 FY2025 revenue of $1.4B breaks down across 3 segments, led by Electricand Transmission Service at $1.3B (99.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Electricand Transmission Service | $1.3B | 99.0% |
| Wholesale | $17.9M | 1.3% |
| Other Services | $3.2M | 0.2% |
Pinnacle West Capital Revenue by Segment — Quarterly Trend
Pinnacle West Capital revenue by segment across the last 4 reported quarters, showing how each business line (such as Electricand Transmission Service and Wholesale) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Electricand Transmission Service | $1.1B | $1.8B | $1.3B | — |
| Wholesale | — | — | $17.9M | — |
| Other Services | $4.4M | $1.7M | $3.2M | $8.1M |
Pinnacle West Capital Annual Revenue by Year
Pinnacle West Capital annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.3B |
| 2024 | $5.1B |
| 2023 | $4.7B |
| 2022 | $4.3B |
Pinnacle West Capital Quarterly Revenue & Net Profit History
Pinnacle West Capital results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.1B | +3.0% | $17.6M | 1.6% |
| Q3 FY2025 | $1.8B | +2.9% | $417.5M | 22.9% |
| Q2 FY2025 | $1.4B | +3.8% | $196.9M | 14.5% |
| Q1 FY2025 | $1.0B | +8.5% | $-338.0K | -0.0% |
| Q4 FY2024 | $1.1B | +10.5% | $-2.5M | -0.2% |
| Q3 FY2024 | $1.8B | +8.0% | $399.3M | 22.6% |
| Q2 FY2024 | $1.3B | +16.7% | $208.1M | 15.9% |
| Q1 FY2024 | $951.7M | +0.7% | $21.2M | 2.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $951.7M | $1.31B | $1.77B | $1.10B | $1.03B | $1.36B | $1.82B | $1.13B |
| YoY Growth | 0.7% | 16.7% | 8.0% | 10.5% | 8.5% | 3.8% | 2.9% | 3.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $24.85B | $25.70B | $26.31B | $26.10B | $27.24B | $29.24B | $29.89B | $30.03B |
| Liabilities | $18.65B | $19.49B | $19.69B | $19.35B | $20.50B | $22.51B | $22.72B | $22.99B |
| Equity | $6.20B | $6.21B | $6.62B | $6.75B | $6.74B | $6.73B | $7.17B | $7.05B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $347.4M | $189.8M | $633.2M | $439.5M | $401.9M | $261.4M | $665.0M | $476.8M |