PNW Q4 2023 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q4 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$992M-1.8% YoY

Gross Profit

$334M33.7% margin

Operating Income

$74M7.5% margin

Net Income

-$23,000-0.0% margin

EPS (Diluted)

$-0.00

QoQ Revenue Growth

-39.5%

Cash Flow

Operating Cash Flow

$374M

Free Cash Flow

-$158M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$24.7B

Total Liabilities

$18.4B

Stockholders' Equity

$6.2B

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$992M	$1.0B	-1.8%
Gross Profit	$334M	$282M	+18.4%
Operating Income	$74M	$37M	+102.4%
Net Income	-$23,000	-$24M	+99.9%

Revenue Segments

Electric Service

$454M94%

Wholesale Energy

$28M6%