PNWPinnacle West Capital Corporation

$12B

Q2 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.3B+16.7% YoY

Gross Profit

$600M45.8% margin

Operating Income

$314M24.0% margin

Net Income

$204M15.6% 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

$658M95%

Electric and Transmission Service

$28M4%

Wholesale Energy

$10M1%

PNW Q2 2024 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena