PNW Q1 2024 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q1 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$952M+0.7% YoY

Gross Profit

$336M35.3% margin

Operating Income

$67M7.0% margin

Net Income

$17M1.8% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

-4.0%

Cash Flow

Operating Cash Flow

$347M

Free Cash Flow

-$170M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$24.8B

Total Liabilities

$18.5B

Stockholders' Equity

$6.2B

Cash & Equivalents

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$952M	$945M	+0.7%
Gross Profit	$336M	$300M	+12.0%
Operating Income	$67M	$51M	+31.7%
Net Income	$17M	-$3M	+611.4%

Revenue Segments

Retail Electric Service

$461M89%

Transmission Services

$28M5%

Wholesale Energy

$27M5%

Other Services

$3M1%