PNW Q3 2024 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q3 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.8B+8.0% YoY

Gross Profit

$829M46.9% margin

Operating Income

$547M30.9% margin

Net Income

$395M22.3% margin

EPS (Diluted)

$3.37

QoQ Revenue Growth

+35.1%

Cash Flow

Operating Cash Flow

$633M

Free Cash Flow

-$33M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$26.3B

Total Liabilities

$19.6B

Stockholders' Equity

$6.6B

Cash & Equivalents

$49M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$1.6B	+8.0%
Gross Profit	$829M	$773M	+7.3%
Operating Income	$547M	$516M	+6.0%
Net Income	$395M	$398M	-0.8%

Revenue Segments

Electric Service

$967M93%

Wholesale Energy

$39M4%

Electric and Transmission Service

$39M4%