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Pinnacle West Capital Corporation  (PNW)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $76.4800 $-0.34 -0.443%
Day's High: $77.03 Week Perf: -2.72 %
Day's Low: $ 76.93 30 Day Perf: 3.79 %
Volume (M): 9 52 Wk High: $ 86.03
Volume (M$): $ 695 52 Wk Avg: $75.13
Open: $76.59 52 Wk Low: $65.20



 Market Capitalization (Millions $) 8,736
 Shares Outstanding (Millions) 114
 Employees 91
 Revenues (TTM) (Millions $) 4,703
 Net Income (TTM) (Millions $) 539
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 1,919

Pinnacle West Capital Corporation
We were incorporated in 1985 under the laws of the State of Arizona and own all of the outstanding equity securities of APS, our major subsidiary. APS is a vertically-integrated electric utility that provides either retail or wholesale electric service to substantially all of the state of Arizona, with the major exceptions of the Tucson metropolitan area and about one-half of the Phoenix metropolitan area. Through its marketing and trading division, APS also generates, sells and delivers electricity to wholesale customers in the western United States.

Our other significant subsidiaries are Pinnacle West Energy, which owns and operates generating plants; APS Energy Services, which provides competitive energy services and products in the western United States; and SunCor, which is engaged in real estate development activities.

We have three principal business segments (determined by products, services and the regulatory environment):

our regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution;

our marketing and trading segment, which consists of our competitive energy business activities, including wholesale marketing and trading and APS Energy Services' commodity-related energy services; and

our real estate segment (13% of operating revenues in 2003), which consists of SunCor's real estate development and investment activities.

The ACC regulates APS' retail electric rates and its issuance of securities. The ACC must also approve any transfer of APS' property used to provide retail electric service and approve or receive prior notification of certain transactions between Pinnacle West, APS and their respective affiliates.



   Company Address: 400 North Fifth Street, P.O. Box 53999 Phoenix 85072 AZ
   Company Phone Number: 250-1000   Stock Exchange / Ticker: NYSE PNW
   


Customers Net Income fell by PNW's Customers Net Profit Margin fell to

-17.2 %

5.04 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CEG        7.23% 
ED   -3.25%    
EXC   -4.52%    
NRG        0.99% 
PCG   -3.7%    
XEL   -5.29%    
• View Complete Report
   



Pinnacle West Capital Corporation

Pinnacle West Capital Corporation Soars with 0.715% Revenue Growth in Q1 2024

The financial results for Pinnacle West Capital Corporation for the first quarter of 2024 show a positive turn in profits, with earnings per share increasing to $0.15 compared to a loss of $0.03 per share a year ago. Revenue also saw a slight increase of 0.715% to $951.71 million from the same quarter last year, although there was a sequential decrease of -4.02% from the previous quarter.
The Electric Utilities company fared well in the first quarter of 2024, in contrast to many other companies in the sector that have been struggling with decreasing transactions and revenue. Pinnacle West Capital Corporation reported a bottom-line of $21.168 million, marking a significant 1997.92% increase from the previous year.
The company also saw improvements in its profit margins, with net margin rising to 2.22% and operating margin reaching 7.02% in the first quarter of 2024. Inventory levels increased to $50.2 million, indicating a build-up in inventories. Operating earnings also improved by 31.7% to $66.792 million.

Pinnacle West Capital Corporation

Pinnacle West Capital Corporation Reports Minimal Revenue Decline in Fourth Quarter of 2023



Pinnacle West Capital Corporation, an Electric Utilities company, recently released its financial results for the period between October and December 31, 2023. While the company witnessed some positive developments in its earnings and profit margins, there were concerning declines in revenue and inventory. This article will delve into the key financial findings and analyze their potential impact on the company's future.
Revenue and Earnings:
Pinnacle West reported modest revenue declines of -1.758% to $991.57 million compared to the same period last year. From the preceding reporting period, where revenue tumbled by -39.455% to $1.64 billion, the decrease appears to be comparatively less alarming.

Pinnacle West Capital Corporation

Pinnacle West Capital Corporation Soars with Stellar Revenue Growth in Q3 2023

The Electric Utilities company, Pinnacle West Capital Corporation (PNW), has recently announced its third-quarter earnings for the year 2023. The company reported significant growth in both revenue and bottom-line figures, outperforming the rest of the Electric Utilities industry.
In terms of revenue, PNW achieved double-digit growth, with a year-on-year increase of 11.422% to $1.64 billion. The company also saw a substantial quarter-on-quarter surge of 46.006%. This is an impressive feat, especially considering that the rest of the Electric Utilities industry experienced a decline of -7.58% in revenue.

Pinnacle West Capital Corporation

Slight Revenue Boost VS Dip in Earnings: A Conflicting Q2 Report from Pinnacle West Capital Corp in 2023

Pinnacle West Capital Corporation's Power Packed Financial Quarter
Pinnacle West Capital Corporation, a leading player in the electric utilities sector, delivered an impressive financial performance in the second quarter of 2023, leaving investors pleasantly surprised.
Despite a challenging economic landscape, Pinnacle West managed to generate a revenue of $1.12 billion, marking a 5.655% increase compared to the previous year's figure of $1.06 billion. This growth is remarkable when juxtaposed with the electric utilities sector's average revenue decline of -1.10%. The company's ability to outperform its peers speaks volumes about its robust market presence and strategic initiatives.

Pinnacle West Capital Corporation

Loss bigger than a year before at the Electric Utilities company during the first quarter of 2023

Investors in Pinnacle West Capital Corporation should be concerned with the recent financial results announced for the January to March 31, 2023 interval. While the company reported a surge in revenue by 20.602% to $944.96 million from the same period a year before, the deficit has expanded at $-0.03 per share. This is a clear indication that the company is experiencing a decline in profits despite the increase in revenue.
The EPS improved from $-0.21 per share, which may initially seem promising. However, a closer look reveals that the revenue decreased by -6.377% from $1.01 billion. It is essential to note that the EPS improved, but it is still negative, meaning that the company is not managing its finances effectively.






 

Pinnacle West Capital's Segments
 
Regulated electricity
 Segment     of total Revenue
 
• View Complete Report

Pinnacle West Capital's Operating Statistics Decrease / Increase
       
Residential Revenues ($ in Millions)     
Business Revenues ($ in Millions)     
Wholesale contracts Revenues ($ in Millions)     
Wholesale Offsystem Revenues ($ in Millions)     
Total regulated electricity Revenues ($ in Millions)     
Marketing & trading Revenues ($ in Millions)     
Total operating electric Revenues ($ in Millions)     
Residential Electric Sales (GWH)     
Business Electric Sales (GWH)     
Wholesale contracts Electric Sales (GWH)     
Wholesale Offsystem Electric Sales (GWH)     
Total regulated electricity Electric Sales (GWH)     
Total Electric Sales (GWH)     
Residential Customers (thousands)     
Business Customers (thousands)     
Wholesale Customers     
Total Customers (thousands)     
Nuclear Power Generation (GWH)     
Coal Power Generation (GWH)     
Gas, oil & other Power Generation (GWH)     
Total purchased power (GWH)     




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