PNWPinnacle West Capital
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Quality mixed, hard red flags, price roughly fair, growth steady, the market undecided.
Pinnacle West is an investor-owned electric utility holding company based in Phoenix, Arizona with consolidated assets of approximately $30 billion. We derive essentially all of our revenues and earnings from our principal subsidiary, APS. Since 1886, APS and its affiliates have provided energy and energy-related products to people and businesses throughout Arizona. APS is Arizona’s largest and longest-serving electric company and generates safe, affordable electricity in 11 of Arizona’s 15 counties.
In the company’s own words · 10-K filed Feb 25, 2026 · SEC EDGAR
Charts
As reported to the SEC, without any scoring.
Pinnacle West Capital (PNW) reported revenue of $1.46B in Q2 2026 (quarter ended Jun 30, 2026), up 7.1% from the same quarter a year earlier. That came with a gross margin of 62% and net income of $181M (12% of revenue). For the full year FY2025, revenue was $5.34B (+4.2% year on year) and net income $632M. Its largest product in Q2 2026 was Electricand Transmission Service at $1.45B, 97% of the disclosed total, well ahead of Transmission Services at 1.9%. The next results filing is expected around Nov 2, 2026, the same week as a year ago.
What the company said
The company's own words from its current reports to the SEC, newest first
- Aug 13, 2026Item 14. Other Expenses of Issuance and Distribution.Material event (exhibits only) · press release
- Aug 4, 2026On August 4, 2026, Pinnacle West Capital Corporation (the “Company”) entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with BMO Capital Markets Corp., BTIG, LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., TD Securities …Material agreement entered · Form 8-K
- Aug 4, 2026Alan Bunnell (602) 250-3376.Earnings release · press release
Quoted from SEC EDGAR filings. A current report is filed within four business days of the event it describes.
Business segments
Q2 2026 · $1.50BThe company’s own SEC segment disclosure.
- Electric and Transmission Service$1.45B97%
- Transmission Services$29.2M2%
- Wholesale$13.7M1%
- Other Services$8.9M1%
Why these answers
Each answer with the checks it was read from. Open one for the numbers.
Conflicts between checks are named, never averaged, and thin data says so.
Utilities, Regulated Electric
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