PNW Q1 2023 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q1 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$945M+20.6% YoY

Gross Profit

$300M31.8% margin

Operating Income

$51M5.4% margin

Net Income

-$3M-0.3% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

-6.4%

Cash Flow

Operating Cash Flow

$212M

Free Cash Flow

-$234M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$23.6B

Total Liabilities

$17.4B

Stockholders' Equity

$6.0B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$945M	$784M	+20.6%
Gross Profit	$300M	$300M	+0.2%
Operating Income	$51M	$54M	-6.9%
Net Income	-$3M	$17M	-119.4%

Revenue Segments

Electric and Transmission Service

$922M63%

Retail Electric Service

$410M28%

Wholesale Energy

$96M7%

Transmission Services

$32M2%

Other Services

$2M0%