Pinnacle West Capital Corporation (PNW)
NYSE: PNW · Real-Time Price · USD
104.22
+0.39 (0.38%)
Nov 6, 2026, 4:00 PM EST - Market closed
Pinnacle West Capital Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 5,706 | 5,340 | 5,125 | 4,696 | 4,324 | 3,804 | |
Revenue Growth | 7.52% | 4.20% | 9.13% | 8.59% | 13.69% | 6.05% |
Fuel & Purchased Power | 2,051 | 1,933 | 1,823 | 1,793 | 1,629 | 1,153 |
Operations & Maintenance | 1,153 | 1,185 | 1,165 | 1,059 | 987.07 | 954.07 |
Depreciation & Amortization | 952.54 | 915.34 | 895.35 | 794.04 | 753.2 | 650.88 |
Other Operating Expenses | 231.5 | 226.06 | 180.91 | 185.28 | 124.38 | 128.49 |
Total Operating Expenses | 4,511 | 4,260 | 4,064 | 3,831 | 3,494 | 2,886 |
Operating Income | 1,195 | 1,080 | 1,061 | 865.29 | 830.4 | 917.85 |
Interest Expense | -524.26 | -469.7 | -425.74 | -374.89 | -283.57 | -254.31 |
Interest Income | 10.12 | 18.04 | 24.32 | 27.24 | 7.33 | 6.73 |
Net Interest Expense | -514.14 | -451.66 | -401.42 | -347.65 | -276.24 | -247.59 |
Allowance for Equity Funds for Construction | 68.15 | 61.15 | 38.62 | 53.12 | 45.26 | 41.74 |
Allowance for Borrowed Funds for Construction | 47.43 | 47.73 | 48.27 | 43.56 | 28.03 | 21.05 |
Other Non-Operating Income (Expenses) | -32.1 | -25.62 | -31.41 | -21.44 | -31.26 | 14.35 |
EBT Excluding Unusual Items | 764.53 | 711.65 | 714.99 | 592.89 | 596.19 | 747.4 |
Gain (Loss) on Sale of Investments | 18.22 | 26.72 | -1.42 | -3.4 | -20.54 | -1.37 |
Gain (Loss) on Sale of Assets | - | - | 22.99 | 6.21 | - | - |
Pretax Income | 782.74 | 738.37 | 736.56 | 595.69 | 575.65 | 746.03 |
Income Tax Expense | 112.83 | 106.73 | 110.53 | 76.91 | 74.83 | 110.09 |
Earnings From Continuing Ops. | 669.91 | 631.64 | 626.03 | 518.78 | 500.83 | 635.94 |
Minority Interest in Earnings | -8.78 | -15.11 | -17.22 | -17.22 | -17.22 | -17.22 |
Net Income | 661.14 | 616.53 | 608.81 | 501.56 | 483.6 | 618.72 |
Net Income to Common | 661.14 | 616.53 | 608.81 | 501.56 | 483.6 | 618.72 |
Net Income Growth | 11.25% | 1.27% | 21.38% | 3.71% | -21.84% | 12.38% |
Shares Outstanding (Basic) | 121 | 120 | 114 | 113 | 113 | 113 |
Shares Outstanding (Diluted) | 124 | 122 | 116 | 114 | 113 | 113 |
Shares Change | 2.39% | 4.94% | 2.13% | 0.34% | 0.20% | 0.22% |
EPS (Basic) | 5.46 | 5.15 | 5.35 | 4.42 | 4.27 | 5.48 |
EPS (Diluted) | 5.34 | 5.05 | 5.24 | 4.41 | 4.26 | 5.47 |
EPS Growth | 8.65% | -3.63% | 18.82% | 3.52% | -22.12% | 12.32% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -979.36 | -867.26 | -687.64 | -682.24 | -494.08 | -634.51 |
Free Cash Flow Per Share | -7.92 | -7.11 | -5.92 | -6.00 | -4.36 | -5.61 |
Dividend Per Share | 3.640 | 3.595 | 3.535 | 3.475 | 3.415 | 3.340 |
Dividend Growth | 1.68% | 1.70% | 1.73% | 1.76% | 2.25% | 5.11% |
Profit Margin | 11.59% | 11.55% | 11.88% | 10.68% | 11.18% | 16.27% |
Free Cash Flow Margin | -17.16% | -16.24% | -13.42% | -14.53% | -11.43% | -16.68% |
EBITDA | 2,210 | 2,050 | 2,017 | 1,719 | 1,648 | 1,637 |
EBITDA Margin | 38.73% | 38.38% | 39.36% | 36.61% | 38.11% | 43.04% |
D&A For EBITDA | 1,015 | 969.62 | 956.18 | 854.14 | 817.81 | 719.14 |
EBIT | 1,195 | 1,080 | 1,061 | 865.29 | 830.4 | 917.85 |
EBIT Margin | 20.95% | 20.23% | 20.70% | 18.43% | 19.20% | 24.13% |
Effective Tax Rate | 14.41% | 14.45% | 15.01% | 12.91% | 13.00% | 14.76% |