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PNW
Pinnacle West Capital Corporation
$12B
Q2 2024 Earnings
Utilities
Regulated Electric
Income Statement
Revenue
$1.3B
+16.7% YoY
Gross Profit
$600M
45.8% margin
Operating Income
$314M
24.0% margin
Net Income
$204M
15.6% margin
EPS (Diluted)
$1.76
QoQ Revenue Growth
+37.5%
Cash Flow
Operating Cash Flow
$190M
Free Cash Flow
-$344M
Stock-Based Comp.
$5M
Balance Sheet
Total Assets
$25.7B
Total Liabilities
$19.4B
Stockholders' Equity
$6.2B
Cash & Equivalents
$4M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$1.3B
$1.1B
+16.7%
Gross Profit
$600M
$437M
+37.3%
Operating Income
$314M
$183M
+71.2%
Net Income
$204M
$107M
+91.1%
Revenue Segments
Electric Service
$658M
95%
Electric and Transmission Service
$28M
4%
Wholesale Energy
$10M
1%
← FY 2024
All Quarters
Q3 2024 →
PNW Q2 2024 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena