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Pinnacle West Capital
(NYSE:PNW)
Pinnacle West Capital (PNW) vs. SPDR S&P 500 ETF (SPY)
Pinnacle West Capital Business Overview & Revenue Model
Pinnacle West Capital Key Performance Indicators (KPIs)
Pinnacle West Capital Earnings Call Summary
Pinnacle West Capital Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.31B | 5.12B | 4.70B | 4.32B | 3.80B | 3.59B |
| Gross Profit | 2.03B | 2.14B | 1.84B | 1.71B | 1.70B | 1.63B |
| EBITDA | 2.10B | 2.07B | 1.78B | 1.65B | 1.70B | 1.56B |
| Net Income | 594.30M | 608.81M | 501.56M | 483.60M | 618.72M | 550.56M |
Balance Sheet | ||||||
| Total Assets | 29.89B | 26.10B | 24.66B | 22.72B | 22.00B | 20.02B |
| Cash, Cash Equivalents and Short-Term Investments | 37.52M | 3.84M | 4.96M | 4.83M | 9.97M | 59.97M |
| Total Debt | 14.25B | 11.05B | 10.30B | 8.88B | 8.18B | 6.92B |
| Total Liabilities | 22.68B | 19.25B | 18.38B | 16.56B | 15.98B | 14.27B |
| Stockholders Equity | 7.17B | 6.75B | 6.18B | 6.05B | 5.91B | 5.63B |
Cash Flow | ||||||
| Free Cash Flow | -718.92M | -639.37M | -638.67M | -466.05M | -613.46M | -360.22M |
| Operating Cash Flow | 1.77B | 1.61B | 1.21B | 1.24B | 860.01M | 966.37M |
| Investing Cash Flow | -2.50B | -1.93B | -1.69B | -1.62B | -1.39B | -1.28B |
| Financing Cash Flow | 710.07M | 322.69M | 486.68M | 371.47M | 476.92M | 361.14M |
Pinnacle West Capital Technical Analysis
Pinnacle West Capital Risk Analysis
Pinnacle West Capital Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $36.72B | 21.33 | 13.19% | 3.11% | 11.88% | 29.76% | |
67 Neutral | $17.31B | 21.19 | 11.46% | 3.01% | 7.76% | 23.48% | |
67 Neutral | $10.53B | 18.06 | 8.62% | 4.09% | 5.70% | -8.25% | |
67 Neutral | $8.93B | 17.77 | 10.69% | 3.81% | 18.03% | 29.46% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $17.40B | 20.74 | 8.36% | 3.53% | 0.11% | -0.52% | |
65 Neutral | $28.40B | 20.49 | 11.64% | 3.19% | 19.42% | -9.68% |
Pinnacle West Capital Corporate Events
Pinnacle West Capital’s recent earnings call painted a picture of strong financial performance and promising growth prospects, despite facing some challenges. The company reported robust economic expansion in Arizona and significant investments in infrastructure, although higher operating expenses and regulatory uncertainties were noted as potential hurdles.
Pinnacle West Capital Corp., an energy holding company based in Phoenix, operates primarily through its subsidiary, Arizona Public Service, providing retail electricity services to approximately 1.4 million customers in Arizona. The company is known for its robust infrastructure and commitment to reliable energy delivery.
Pinnacle West Capital Corp. reported a net income of $413.2 million for the third quarter of 2025, driven by increased customer growth and usage, despite a 2.4% decrease in earnings over the first nine months compared to 2024. The company plans to invest over $2.5 billion annually through 2028 in infrastructure, including a new natural gas power plant, to meet Arizona’s growing energy demands. Additionally, Pinnacle West is expanding community support efforts with an additional $3 million in shareholder funds for utility bill assistance and other support programs.
The most recent analyst rating on (PNW) stock is a Hold with a $96.00 price target. To see the full list of analyst forecasts on Pinnacle West Capital stock, see the PNW Stock Forecast page.
In October 2025, Pinnacle West Capital Corporation will engage with securities analysts and investors, highlighting its strategic focus on growth and energy future. The company is making significant strides in improving its regulatory environment and infrastructure, which supports its goal of expanding capacity and enhancing reliability. Arizona’s favorable economic conditions and Pinnacle West’s commitment to clean energy and customer service improvements are expected to drive continued growth and stakeholder value.
The most recent analyst rating on (PNW) stock is a Hold with a $101.00 price target. To see the full list of analyst forecasts on Pinnacle West Capital stock, see the PNW Stock Forecast page.
On August 28, 2025, Pinnacle West Capital Corporation amended its forward sale agreements with Wells Fargo Bank, initially dated February 28 and 29, 2024. The amendment sets a new settlement date for the share forward transactions to December 31, 2026, impacting the company’s financial operations and potentially its market strategy.
The most recent analyst rating on (PNW) stock is a Hold with a $96.00 price target. To see the full list of analyst forecasts on Pinnacle West Capital stock, see the PNW Stock Forecast page.
In September 2025, Pinnacle West Capital Corporation will engage with securities analysts and investors, discussing its growth outlook and energy future. The company is focusing on infrastructure improvements, regulatory alignment, and strategic transmission projects to support customer growth and enhance system reliability. Arizona’s favorable business environment and strong economic growth continue to position Pinnacle West advantageously in the market, with ongoing investments in clean energy and customer experience improvements.
The most recent analyst rating on (PNW) stock is a Hold with a $96.00 price target. To see the full list of analyst forecasts on Pinnacle West Capital stock, see the PNW Stock Forecast page.
Pinnacle West Capital Corp., an energy holding company based in Phoenix, operates primarily through its subsidiary, Arizona Public Service, providing retail electricity service to approximately 1.4 million homes and businesses in Arizona. The company is known for its diverse energy generation portfolio, including nuclear, coal, gas, and renewables.
Pinnacle West Capital’s recent earnings call reflected a balanced sentiment, highlighting strong customer and economic growth in Arizona, supported by strategic infrastructure investments. However, the financial performance in the second quarter was negatively impacted by decreased earnings and regulatory challenges.
In August 2025, Pinnacle West Capital Corporation will engage with securities analysts and investors, highlighting its strategic initiatives and growth outlook. The company is focusing on expanding its capacity to meet customer needs, improving regulatory environments, and enhancing infrastructure to support Arizona’s economic development. These efforts aim to sustain customer growth and align with the company’s clean energy goals, positioning Pinnacle West as a key player in the region’s energy market.
The most recent analyst rating on (PNW) stock is a Hold with a $95.00 price target. To see the full list of analyst forecasts on Pinnacle West Capital stock, see the PNW Stock Forecast page.
Pinnacle West Capital Corp. reported a decrease in net income for the second quarter of 2025 compared to the previous year, primarily due to milder weather, increased operational costs, and higher taxes. Despite the financial dip, the company experienced robust customer and sales growth, setting a new peak demand record. The company continues to prioritize reliability and affordability, updating its clean energy goals to a carbon-neutral approach by 2050. Pinnacle West also offers various customer assistance programs to manage energy costs and provides critical heat relief services in partnership with local organizations.
The most recent analyst rating on (PNW) stock is a Hold with a $95.00 price target. To see the full list of analyst forecasts on Pinnacle West Capital stock, see the PNW Stock Forecast page.