PNW Q3 2023 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q3 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.6B+11.4% YoY

Gross Profit

$773M47.2% margin

Operating Income

$516M31.5% margin

Net Income

$398M24.3% margin

EPS (Diluted)

$3.50

QoQ Revenue Growth

+46.0%

Cash Flow

Operating Cash Flow

$396M

Free Cash Flow

-$48,000

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$24.4B

Total Liabilities

$17.9B

Stockholders' Equity

$6.4B

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.5B	+11.4%
Gross Profit	$773M	$662M	+16.9%
Operating Income	$516M	$418M	+23.6%
Net Income	$398M	$326M	+22.0%

Revenue Segments

Electric and Transmission Service

$1.6B62%

Retail Electric Service

$883M34%

Wholesale Energy

$58M2%

Transmission Services

$43M2%

Other Services

$4M0%