PNW Q2 2022 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q2 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.1B+6.1% YoY

Gross Profit

$464M43.7% margin

Operating Income

$223M21.0% margin

Net Income

$164M15.5% margin

EPS (Diluted)

$1.45

QoQ Revenue Growth

+35.5%

Cash Flow

Operating Cash Flow

$248M

Free Cash Flow

-$204M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$22.5B

Total Liabilities

$16.5B

Stockholders' Equity

$5.9B

Cash & Equivalents

$29M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.0B	+6.1%
Gross Profit	$464M	$501M	-7.3%
Operating Income	$223M	$278M	-19.9%
Net Income	$164M	$216M	-23.8%

Revenue Segments

Electric and Transmission Service

$1.1B64%

Retail Electric Service

$538M32%

Wholesale Energy

$30M2%

Transmission Services

$29M2%

Other Services

$2M0%