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Pinnacle West Capital Corporation  (PNW)
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    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


 

Pinnacle West Capital Corporation

PNW's Financial Statements and Analysis



Pinnacle West Capital Corporation reported in the first quarter of 2024 net earnings per share of $0.15 an improvement compare to net loss per share of $-0.03 recorded a year ago and an improvement compare to net loss per share of $0.00 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ 0.15 $  952 Mill
$+0.18     $+7M     +0.72 %



Pinnacle West Capital's Revenue rose by 0.72 % in first quarter of 2024 (Mar 31 2024) year on year, to $952 million and declined by -4.02 % sequentially.


Pinnacle West Capital is

More on PNW's Income Statement



Pinnacle West Capital 's net income of $21.168 million in the first quarter of 2024 increased by 1997.92 % from net earnings of $1.009 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 394.23 % from net income of $4.283 million realized in previous quarter.

More on PNW's Growth




Pinnacle West Capital Inventories
Inventories grew by 26.94 % to $50 million from I. Quarter a year ago, sequentially inventories rose by 2.09 %. PNW's Cash flow In the first quarter of 2024 company's net cash flow was $5 million, capital expenditures fell by -445.17116.30%, to $-518 millions compare to same quarter a year ago

More on PNW's Cash flow Statement


Pinnacle West Capital Corporation payed out dividend of $3.41 per share in last 52 weeks representing 74.29 % of net earning per share in trailing twelve-month period.

During the same period Pinnacle West Capital Corporation earned $ 11.76 cash per share, on a free-cash flow basis 256.23 % of net earning per share.

Book value fell by -0.03 % sequentially to $55.25 per share.
Tangible Book value fell to $ 50.76 per share from $ 52.91.

Company issued 0.50 million shares or 0.44 % in Mar 31 2024.
Interest Coverage Ratio was 2.6. Debt Coverage Ratio was 0.11.

More on PNW's Dividends

 Market Capitalization (Millions) 9,415
 Shares Outstanding (Millions) 114
 Total Debt (Millions $) 9,210
 Revenue (TTM) (Millions $) 4,703
 Net Income (TTM) (Millions $) 539
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) -1,919
 Dividend TTM ($) 3.41 $
 Dividend Yield TTM (%) 4.17 %
 Employees (TTM) $ 91




Pinnacle West Capital Corporation payed out dividend of $3.41 per share in the last 52 weeks representing 74.29 % of net earning per share in trailing twelve-month period.

During the same period Pinnacle West Capital Corporation had $ 11.76 cash flow per share, on a free-cash flow basis 256.23 % of net earning per share.

Book value fell by -0.03 % sequentially to $55.25 per share.
Tangible Book value fell to $ 50.76 per share from $ 52.91.

Company issued 0.50 million shares or 0.44 % in Mar 31 2024.
Interest Coverage Ratio was 2.6. Debt Coverage Ratio was 0.11.

More on PNW's Balance Sheets

 Market Capitalization (Millions) 9,415
 Shares Outstanding (Millions) 114
 Total Debt (Millions $) 9,210
 Revenue (TTM) (Millions $) 4,703
 Net Income (TTM) (Millions $) 539
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) -1,919
 Dividend TTM ($) 3.41 $
 Dividend Yield TTM (%) 4.17 %
 Employees (TTM) $ 91
   


  News about Pinnacle West Capital Corporation Earnings

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 prev...

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 al...

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

The Electric Utilities company, Pinnacle West Capital Corporation (PNW), has recently announced it...

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

Pinnacle West...

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 fin...


Date modified: 2024-05-03T00:54:38+00:00





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