PNW Q4 2025 Earnings — Pinnacle West Capital Corporation Revenue & Financial Results | Market Cap Arena

PNWPinnacle West Capital Corporation

$12B

Q4 2025 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$1.1B+3.0% YoY

Gross Profit

$206M18.3% margin

Operating Income

$145M12.9% margin

Net Income

$15M1.4% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

-38.0%

Cash Flow

Operating Cash Flow

$477M

Free Cash Flow

-$193M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$31.7B

Total Liabilities

$24.6B

Stockholders' Equity

$7.0B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.1B	+3.0%
Gross Profit	$206M	$372M	-44.6%
Operating Income	$145M	$85M	+71.5%
Net Income	$15M	-$7M	+325.6%

Revenue Segments

Electric Service

$401M89%

Electric and Transmission Service

$28M6%

Wholesale Energy

$20M4%