PNW Q1 2022 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q1 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$784M+12.5% YoY

Gross Profit

$300M38.3% margin

Operating Income

$54M7.0% margin

Net Income

$17M2.2% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

-1.9%

Cash Flow

Operating Cash Flow

$341M

Free Cash Flow

-$51M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$22.2B

Total Liabilities

$16.2B

Stockholders' Equity

$5.9B

Cash & Equivalents

$14M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$784M	$696M	+12.5%
Gross Profit	$300M	$268M	+11.8%
Operating Income	$54M	$48M	+14.6%
Net Income	$17M	$36M	-52.4%

Revenue Segments

Electric and Transmission Service

$772M65%

Retail Electric Service

$367M31%

Wholesale Energy

$29M2%

Transmission Services

$25M2%

Other Services

$2M0%