PNW Q2 2023 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q2 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.1B+5.7% YoY

Gross Profit

$437M38.9% margin

Operating Income

$183M16.3% margin

Net Income

$107M9.5% margin

EPS (Diluted)

$0.94

QoQ Revenue Growth

+18.7%

Cash Flow

Operating Cash Flow

$226M

Free Cash Flow

-$247M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$24.0B

Total Liabilities

$17.9B

Stockholders' Equity

$6.0B

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.1B	+5.7%
Gross Profit	$437M	$464M	-5.9%
Operating Income	$183M	$223M	-17.8%
Net Income	$107M	$164M	-35.1%

Revenue Segments

Electric and Transmission Service

$1.1B65%

Retail Electric Service

$542M32%

Transmission Services

$33M2%

Wholesale Energy

$27M2%

Other Services

$2M0%