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Pinnacle West Capital Corporation  (PNW)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

PNW's Operating Income Growth by Quarter and Year

Pinnacle West Capital's Operating Income results by quarter and year




PNW Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - 74.38 36.75 50.02
III Quarter September - 516.26 417.57 429.37
II Quarter June - 183.28 223.10 278.39
I Quarter March 66.79 50.72 54.49 47.53
FY   66.79 824.64 731.91 805.31



PNW Operating Income first quarter 2024 Y/Y Growth Comment
Pinnacle West Capital Corporation achieved in the first quarter 2024, above Company average Operating Income growth of 31.69% year on year, to $ 66.79 millions.

Looking into first quarter 2024 results within Electric Utilities industry 28 other companies have achieved higher Operating Income growth. While Pinnacle West Capital Corporation' s Operating Income rise of 31.69% ranks overall at the positon no. 787 in the first quarter 2024.

Explain Operating Income growth


PNW Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - 102.39 % -26.53 % 62.14 %
III Quarter September - 23.63 % -2.75 % -5.64 %
II Quarter June - -17.85 % -19.86 % 6.31 %
I Quarter March 31.69 % -6.92 % 14.64 % 17.59 %
FY   - 12.67 % -9.11 % 2.18 %

Financial Statements
Pinnacle West Capital's first quarter 2024 Operating Income $ 66.79 millions PNW's Income Statement
Pinnacle West Capital's first quarter 2023 Operating Income $ 50.72 millions Quarterly PNW's Income Statement
New: More PNW's historic Operating Income Growth >>


PNW Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - -85.59 % -91.2 % -88.35 %
III Quarter September - 181.68 % 87.17 % 54.23 %
II Quarter June - 261.36 % 309.43 % 485.71 %
I Quarter March -10.2 % 38.01 % 8.94 % 54.07 %
FY (Year on Year)   - 12.67 % -9.11 % 2.18 %




Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #29
Utilities Sector #51
Overall #787

Operating Income Y/Y Growth Statistics
High Average Low
189.2 % 9.42 % -68.78 %
(June 30. 2010)   (Sep 30 2018)
Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #29
Utilities Sector #51
Overall #787
Operating Income Y/Y Growth Statistics
High Average Low
189.2 % 9.42 % -68.78 %
(June 30. 2010)   (Sep 30 2018)

Operating Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Pinnacle West Capital's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
672.84 % 83.03 % -97.03 %
(Jun 30 2018)  


PNW's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2024 Pinnacle West Capital Corporation reported drop in Operating Income from the previous quarter by -10.2% to $ 66.79 millions, from $ 74.38 millions achived a quarter before.

Some periodic factors that commonly energize I. Quarter 2024 Operating Income, have not salvage the I. Quarter for the Pinnacle West Capital Corporation, Brianna Taylor, an industry researcher wrote, she sees new difficulties onward for Pinnacle West Capital and mentioned that average quarter on quarter Operating Income growth is at 83.03% for Pinnacle West Capital.

Within Electric Utilities industry 32 other companies have achieved higher Operating Income quarter on quarter growth. While Pinnacle West Capital's Operating Income growth quarter on quarter, overall rank is 868.


Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #33
Utilities Sector #59
Overall #868
Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #33
Utilities Sector #59
Overall #868
Operating Income Q/Q Growth Statistics
High Average Low
672.84 % 83.03 % -97.03 %
(Jun 30 2018)  


PNW's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2024 Pinnacle West Capital Corporation realized drop in Operating Income sequentially by -10.2% to $ 66.79 millions, from $ 74.38 millions achived a quarter before.

Although periodic circumstance normally fuel I. Quarter 2024 performance, this plainly could not be sufficient to rescue Pinnacle West Capital's I. Quarter achievement, Brianna Taylor, an industry researcher pointed out and continued that average quarter on quarter Operating Income growth is at 83.03% for Pinnacle West Capital.

Within Electric Utilities industry 32 other companies have achieved higher Operating Income quarter on quarter growth. While Pinnacle West Capital's Operating Income growth quarter on quarter, overall rank is 868.


Pinnacle West Capital's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Operating Income 12 Months Ending $ 840.72 $ 824.64 $ 787.01 $ 688.32 $ 728.14
Y / Y Operating Income Growth (TTM) 15.46 % 12.67 % 5.61 % -9.07 % -10.36 %
Year on Year Operating Income Growth Overall Ranking # 950 # 872 # 715 # 1262 # 1008
Seqeuential Operating Income Change (TTM) 1.95 % 4.78 % 14.34 % -5.47 % -0.52 %
Seq. Operating Income Growth (TTM) Overall Ranking # 787 # 758 # 1197 # 1400 # 1040




Cumulative Operating Income growth Comment
Pinnacle West Capital saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 15.46% year on year, to $ 841 millions if the fiscal year would have ended in Mar 31 2024.
Pinnacle West Capital's trailing twelve months Operating Income growth was higher than company's average 9.42% and higher than 12.67% growth in Dec 31 2023.
But sequential rise was less at 1.95 % from $824.64 millions achieved in twelve months ending a quarter before Brianna Taylor added on.
It appears to be slowdown developing, more obvious if you pay attention to the average Q/Q TTM Operating Income increase that is better at9.42% Brianna Taylor noted.
The progress is even higher sequentially exhibited at 1.95 % jump from $824.64 millions in twelve months ending a quarter before.

In the Utilities sector 58 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 872 to 950.

Operating Income TTM Q/Q Growth Statistics
High Average Low
189.2 %
9.42 %
-68.78 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 29
Utilities Sector # 59
Overall # 950

Operating Income TTM Y/Y Growth Statistics
High Average Low
189.2 %
9.42 %
-68.78 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 29
Sector # 51
S&P 500 # 787
Cumulative Operating Income growth Comment
Pinnacle West Capital saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 15.46% year on year, to $ 841 millions if the fiscal year would have ended in Mar 31 2024.
Pinnacle West Capital's trailing twelve months Operating Income growth was higher than company's average 9.42% and higher than 12.67% growth in Dec 31 2023.
But sequential increase was beneth at 1.95 % from $824.64 millions reported in twelve months ending a quarter Dec 31 2023.
We witness stagnation developing, more evident observing the average sequential historic advancement which is better at9.42% Brianna Taylor noted.
The momentum was even more impressive from the previous reporting period exhibited at 1.95 % increase from $824.64 millions in twelve months ending a quarter Dec 31 2023.

In the Utilities sector 58 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 872 to 950.

Operating Income TTM Q/Q Growth Statistics
High Average Low
189.2 %
9.42 %
-68.78 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 29
Utilities Sector # 59
Overall # 950

Operating Income TTM Y/Y Growth Statistics
High Average Low
189.2 %
9.42 %
-68.78 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 29
Sector # 51
S&P 500 # 787




Other Operating Income Growth
Electric Utilities Industry Operating Income Growth Trends and Statistics
Utilities Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
PNW's Operating Income Growth Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for PNW's Competitors
Operating Income Growth for Pinnacle West Capital's Suppliers
Operating Income Growth for PNW's Customers

You may also want to know
PNW's Annual Growth Rates PNW's Profitability Ratios PNW's Asset Turnover Ratio PNW's Dividend Growth
PNW's Roe PNW's Valuation Ratios PNW's Financial Strength Ratios PNW's Dividend Payout Ratio
PNW's Roa PNW's Inventory Turnover Ratio PNW's Growth Rates PNW's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Mar 31 2024 within Utilities SectorY/Y Change %Operating Income for the quarter ending Mar 31 2024
Avangrid Inc 53.58%$ 53.585 millions
Genesis Energy Lp45.92%$ 45.923 millions
Chesapeake Utilities Corp44.92%$ 44.924 millions
Portland General Electric Company38.46%$ 38.462 millions
Berkshire Hathaway Energy Company34.18%$ 34.183 millions
Pinnacle West Capital Corporation31.70%$ 31.695 millions
Usa Compression Partners Lp30.98%$ 30.975 millions
Atmos Energy Corp30.37%$ 30.369 millions
Boardwalk Pipeline Partners Lp28.95%$ 28.946 millions
Dpl Inc 22.04%$ 22.043 millions
Wec Energy Group Inc 21.53%$ 21.530 millions
Xcel Energy Inc 18.50%$ 18.499 millions
Otter Tail Corporation17.73%$ 17.733 millions
Duke Energy Corporation17.26%$ 17.264 millions
Southwest Gas Holdings Inc 16.96%$ 16.957 millions




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