PNW Q3 2022 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q3 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.5B+12.4% YoY

Gross Profit

$662M45.0% margin

Operating Income

$418M28.4% margin

Net Income

$326M22.2% margin

EPS (Diluted)

$2.88

QoQ Revenue Growth

+38.4%

Cash Flow

Operating Cash Flow

$444M

Free Cash Flow

$10M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$22.8B

Total Liabilities

$16.5B

Stockholders' Equity

$6.2B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.3B	+12.4%
Gross Profit	$662M	$648M	+2.0%
Operating Income	$418M	$429M	-2.7%
Net Income	$326M	$340M	-4.0%

Revenue Segments

Electric and Transmission Service

$1.5B61%

Retail Electric Service

$743M31%

Wholesale Energy

$140M6%

Transmission Services

$36M2%

Other Services

$3M0%