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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 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 36.75 50.02 30.85
III Quarter September - 417.57 429.37 455.01
II Quarter June 183.28 223.10 278.39 261.87
I Quarter March 50.72 54.49 47.53 40.42
FY   234.00 731.91 805.31 788.15



PNW Operating Income second quarter 2023 Y/Y Growth Comment
Pinnacle West Capital Corporation reported decline in Operating Income in the second quarter 2023 by -17.85% to $ 183.28 millions, from the same quarter in 2022.
The contraction in the second quarter 2023 Pinnacle West Capital Corporation's Operating Income compares unfavorably to the Company's average Operating Income increase of 10.32%.

Looking into second quarter 2023 results within Electric Utilities industry 32 other companies have achieved higher Operating Income growth. While Pinnacle West Capital Corporation' s Operating Income fall of -17.85% ranks overall at the positon no. 1262 in the second quarter 2023.

Explain Operating Income growth


PNW Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -26.53 % 62.14 % 157.08 %
III Quarter September - -2.75 % -5.64 % 12.82 %
II Quarter June -17.85 % -19.86 % 6.31 % 33.21 %
I Quarter March -6.92 % 14.64 % 17.59 % -32.72 %
FY   - -9.11 % 2.18 % 17.29 %

Financial Statements
Pinnacle West Capital's second quarter 2023 Operating Income $ 183.28 millions PNW's Income Statement
Pinnacle West Capital's second quarter 2022 Operating Income $ 223.10 millions Quarterly PNW's Income Statement
New: More PNW's historic Operating Income Growth >>


PNW Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -91.2 % -88.35 % -93.22 %
III Quarter September - 87.17 % 54.23 % 73.75 %
II Quarter June 261.36 % 309.43 % 485.71 % 547.87 %
I Quarter March 38.01 % 8.94 % 54.07 % 236.83 %
FY (Year on Year)   - -9.11 % 2.18 % 17.29 %




Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #33
Utilities Sector #77
Overall #1262

Operating Income Y/Y Growth Statistics
High Average Low
189.2 % 10.32 % -68.78 %
(June 30. 2010)   (Sep 30 2018)
Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #33
Utilities Sector #77
Overall #1262
Operating Income Y/Y Growth Statistics
High Average Low
189.2 % 10.32 % -68.78 %
(June 30. 2010)   (Sep 30 2018)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Pinnacle West Capital's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
672.84 % 85.33 % -97.03 %
(Jun 30 2018)  


PNW's II. Quarter Q/Q Operating Income Comment
Pinnacle West Capital Corporation achieved in the II. Quarter 2023 above company average sequential Operating Income doubling of 261.36%, to $ 183.28 millions, from $50.72 millions in the first quarter.

Within Electric Utilities industry 3 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 94.


Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #4
Utilities Sector #4
Overall #94
Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #4
Utilities Sector #4
Overall #94
Operating Income Q/Q Growth Statistics
High Average Low
672.84 % 85.33 % -97.03 %
(Jun 30 2018)  


PNW's II. Quarter Q/Q Operating Income Comment
Pinnacle West Capital Corporation achieved in the II. Quarter 2023 above company average sequential Operating Income doubling of 261.36%, to $ 183.28 millions, from $50.72 millions in the first quarter.

Within Electric Utilities industry 3 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 94.


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


Operating Income TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Operating Income 12 Months Ending $ 688.32 $ 728.14 $ 731.91 $ 745.18 $ 756.98
Y / Y Operating Income Growth (TTM) -9.07 % -10.36 % -9.11 % -5.21 % -6.75 %
Year on Year Operating Income Growth Overall Ranking # 1262 # 1008 # 992 # 855 # 1318
Seqeuential Operating Income Change (TTM) -5.47 % -0.52 % -1.78 % -1.56 % -6.81 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1262 # 1040 # 985 # 919 # 1597




Cumulative Operating Income growth Comment
Pinnacle West Capital showed decline, but improvement compare to trailing twelve month Operating Income decrease in Mar 31 2023. If the fiscal year would end in Jun 30 2023, Pinnacle West Capital's annual Operating Income decline would be -9.07% year on year to $688 millions.

In the Utilities sector 76 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1008 to 1262.

Operating Income TTM Q/Q Growth Statistics
High Average Low
189.2 %
10.32 %
-68.78 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 33
Utilities Sector # 77
Overall # 1262

Operating Income TTM Y/Y Growth Statistics
High Average Low
189.2 %
10.32 %
-68.78 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 33
Sector # 77
S&P 500 # 1262
Cumulative Operating Income growth Comment
Pinnacle West Capital showed decline, but improvement compare to trailing twelve month Operating Income decrease in Mar 31 2023. If the fiscal year would end in Jun 30 2023, Pinnacle West Capital's annual Operating Income drop would be -9.07% year on year to $688 millions.

In the Utilities sector 76 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1008 to 1262.

Operating Income TTM Q/Q Growth Statistics
High Average Low
189.2 %
10.32 %
-68.78 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 33
Utilities Sector # 77
Overall # 1262

Operating Income TTM Y/Y Growth Statistics
High Average Low
189.2 %
10.32 %
-68.78 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 33
Sector # 77
S&P 500 # 1262




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 Jun 30 2023 within Utilities SectorY/Y Change %Operating Income for the quarter ending Jun 30 2023
Unitil Corporation-0.84%$ -0.840 millions
Nustar Energy L p -5.67%$ -5.675 millions
Oge Energy Corp -6.51%$ -6.513 millions
Kinetik Holdings Inc -7.78%$ -7.776 millions
Plains All American Pipeline Lp-8.03%$ -8.029 millions
Plains Gp Holdings Lp-8.09%$ -8.088 millions
Xcel Energy Inc-10.87%$ -10.874 millions
Black Hills Corporation-12.26%$ -12.257 millions
Otter Tail Corporation-12.40%$ -12.401 millions
Northwestern Corp-12.84%$ -12.841 millions
American Electric Power Co Inc -12.91%$ -12.913 millions
Energy Transfer Lp-13.16%$ -13.157 millions
Berkshire Hathaway Energy Company-13.34%$ -13.339 millions
Dt Midstream Inc -14.60%$ -14.599 millions
Western Midstream Partners Lp-15.28%$ -15.279 millions
Ngl Energy Partners Lp-17.47%$ -17.468 millions
Pinnacle West Capital Corporation-17.85%$ -17.847 millions
Cleco Corporate Holdings Llc-19.45%$ -19.454 millions
Consolidated Edison Inc -26.61%$ -26.615 millions
Portland General Electric Company-27.68%$ -27.679 millions
Equitrans Midstream Corporation-29.33%$ -29.331 millions
Nrg Energy Inc-29.71%$ -29.708 millions
Ormat Technologies Inc -37.25%$ -37.255 millions
California Water Service Group-41.56%$ -41.555 millions
Avangrid Inc -42.99%$ -42.986 millions
Montauk Renewables Inc -43.43%$ -43.425 millions
Mplx Lp-45.35%$ -45.349 millions
Nextera Energy Partners Lp-51.88%$ -51.880 millions
Dpl Inc -54.72%$ -54.717 millions
Hf Sinclair Corporation-57.74%$ -57.738 millions




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