PNW Q3 2025 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q3 2025 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.8B+2.9% YoY

Gross Profit

$708M38.9% margin

Operating Income

$649M35.7% margin

Net Income

$413M22.7% margin

EPS (Diluted)

$3.39

QoQ Revenue Growth

+34.0%

Cash Flow

Operating Cash Flow

$665M

Free Cash Flow

$42M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$29.9B

Total Liabilities

$22.7B

Stockholders' Equity

$7.2B

Cash & Equivalents

$31M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$1.8B	+2.9%
Gross Profit	$708M	$829M	-14.6%
Operating Income	$649M	$547M	+18.7%
Net Income	$413M	$395M	+4.6%

Revenue Segments

Electric Service

$963M91%

Wholesale Energy

$46M4%

Electric and Transmission Service

$44M4%