Pinnacle West Capital Corporation PNW
- Market cap
- $11.0B
- P/E
- 17.2×
Follow PNW
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62.51 | 75.79 | 73.41 | 81.63 | 60.05 | 62.78 | 59.03 | 68.55 | 65.20 | 81.47 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 82.78 | 92.48 | 92.64 | 99.81 | 105.51 | 88.54 | 80.60 | 86.03 | 95.42 | 96.50 |
High Price
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| 6,339 | 6,292 | 6,259 | 6,210 | 6,026 | 5,872 | 5,861 | 6,133 | 6,403 | 6,610 |
Employees
|
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| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Revenue/Emp
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| 3,499 | 3,565 | 3,691 | 3,471 | 3,587 | 3,804 | 4,324 | 4,696 | 5,125 | 5,340 |
Revenue
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| 69.26% | 72.48% | 70.85% | 69.97% | 72.30% | 69.70% | 62.32% | 61.83% | 64.44% | 63.79% |
Gross Margin
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| 698 | 766 | 664 | 542 | 648 | 746 | 576 | 596 | 737 | 738 |
EBT
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| 19.95% | 21.49% | 18.00% | 15.62% | 18.07% | 19.61% | 13.31% | 12.69% | 14.37% | 13.83% |
EBT Margin
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| 462 | 508 | 531 | 558 | 570 | 636 | 501 | 519 | 626 | 632 |
Net Income
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| 603 | 596 | 768 | 714 | 674 | 764 | 1,037 | 1,401 | 1,382 | 1,433 |
Depreciation
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| 31.40 | 31.88 | 32.92 | 30.87 | 31.84 | 33.69 | 38.20 | 41.40 | 45.02 | 44.62 |
Revenue/Sh
|
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| 3.97 | 4.37 | 4.56 | 4.79 | 4.89 | 5.48 | 4.27 | 4.42 | 5.35 | 5.15 |
Earnings/Sh
|
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| 9.19 | 10.00 | 11.39 | 8.51 | 8.58 | 7.62 | 10.97 | 10.65 | 14.14 | 15.08 |
Cash Flow/Sh
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| (10.87) | (12.38) | (10.26) | (9.97) | (11.22) | (12.11) | (13.87) | (14.68) | (17.02) | (19.37) |
Capex/Sh
|
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| (1.69) | (2.39) | 1.13 | (1.46) | (2.64) | (4.50) | (2.90) | (4.04) | (2.88) | (4.29) |
Free CF/Sh
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| 44.30 | 45.92 | 47.70 | 49.39 | 51.06 | 53.33 | 54.42 | 55.40 | 60.23 | 59.21 |
Book Value/Sh
|
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| 111 | 112 | 112 | 112 | 113 | 113 | 113 | 113 | 114 | 120 |
Shares
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| 19.48 | 19.20 | 18.68 | 18.77 | 16.35 | 12.88 | 17.48 | 16.56 | 15.84 | 17.22 |
PE Ratio
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| 2.46 | 2.63 | 2.59 | 2.91 | 2.51 | 2.10 | 1.95 | 1.77 | 1.88 | 1.99 |
PS Ratio
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| 1.75 | 1.83 | 1.79 | 1.82 | 1.57 | 1.32 | 1.37 | 1.32 | 1.41 | 1.50 |
PB Ratio
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| 3.70 | 4.02 | 4.00 | 4.57 | 4.30 | 4.03 | 3.83 | 3.69 | 3.72 | 3.96 |
EV/Sales
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| (68.85) | (53.68) | 116.52 | (96.62) | (51.83) | (30.16) | (50.44) | (37.84) | (58.15) | (41.26) |
EV/FCF
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| 1,023 | 1,118 | 1,277 | 957 | 966 | 860 | 1,241 | 1,208 | 1,610 | 1,805 |
Op' Cash Flow
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| (1,211) | (1,385) | (1,150) | (1,121) | (1,264) | (1,368) | (1,570) | (1,666) | (1,938) | (2,318) |
Capex
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| (188) | (267) | 127 | (164) | (298) | (508) | (329) | (458) | (328) | (513) |
FCF
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| (471) | (182) | (724) | (1,048) | (162) | (206) | (12) | (962) | (1,154) | (1,457) |
Working Cap'
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| 4,324 | 4,967 | 5,215 | 5,747 | 6,483 | 7,356 | 8,133 | 9,025 | 9,427 | 10,563 |
Total Debt
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| 4,315 | 4,953 | 5,209 | 5,737 | 6,423 | 7,346 | 8,128 | 9,020 | 9,423 | 10,556 |
Net Debt
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| 4,936 | 5,136 | 5,349 | 5,553 | 5,753 | 6,021 | 6,160 | 6,285 | 6,857 | 7,087 |
Sh' Equity
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| 2.85% | 2.96% | 2.95% | 2.98% | 2.86% | 2.94% | 2.16% | 2.12% | 2.40% | 2.20% |
ROA
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| 5.65% | 5.64% | 4.58% | 3.72% | 4.05% | 3.77% | 3.20% | 3.37% | 3.89% | 3.78% |
ROIC
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| 9.16% | 9.70% | 9.75% | 9.88% | 9.74% | 10.51% | 7.94% | 8.06% | 9.26% | 8.84% |
ROE
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Pinnacle West Capital Corporation peers in Utilities Regulated Electric
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| OGE OGE Energy Corporation | $9.2B | 19.6× | Compare |
| KEP Korea Electric Power Corporation | $14.2B | 2.6× | Compare |
| LNT Alliant Energy Corporation | $16.4B | 20.1× | Compare |
| IDA IDACORP, Inc. | $7.4B | 21.1× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| EVRG Evergy Inc. | $17.9B | 19.4× | Compare |
| TXNM TXNM Energy, Inc. | $6.4B | 32.3× | Compare |
| EIX Edison International | $20.3B | 5.4× | Compare |
| ENIC Enel Chile S.A. | $5.9B | 10.2× | Compare |
PNW metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
Pinnacle West Capital Corporation (PNW) key facts
- Pinnacle West Capital Corporation (PNW) is an Utilities Regulated Electric company in the Utilities sector, listed on the New York Stock Exchange.
- Pinnacle West Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 4.20% from fiscal 2024.
- Net income was $631.6 million, or $5.15 per share (basic), a net margin of 11.6%.
- As of September 25, 2026, PNW traded at $91.74, a market capitalization of $11.0 billion.
- At that price the stock trades at 17.2× trailing-twelve-month earnings and 2.0× sales.
- Pinnacle West Capital Corporation pays an annual dividend of $3.46 per share, a yield of 5.26%, with a payout ratio of 96.5%.
- Return on equity was 8.84% and debt-to-equity 1.61.
Pinnacle West Capital Corporation (PNW) Latest News
25 Sep
Pinnacle West Capital (PNW) is a large-cap Arizona utility that provides retail and wholesale electric service and engages in Western U.S. real estate development, with about $11.2B in market value and a push into clean energy (roughly half of APS’s electricity is clean energy). Despite solid fundamentals, PNW underperformed the S&P 500, declining 18.1% from its 52-week high of $111.16 (July 17) and 13.6% over the past three months. It has traded below its 200-day moving average since late August and below the 50-day MA since July. In Q2, EPS was $1.43 vs $1.49 expected, while revenue was $1.5B vs $1.4B estimates. Full-year EPS guidance is $4.55–$4.75. Evergy (EVRG) has outperformed PNW recently. Analysts see upside with a Moderate Buy consensus and a mean target of $104.20 (~14% upside). EPS miss amid ongoing underperformance versus the S&P implies a moderate near-term impact despite revenue strength and optimistic long-term fundamentals.
21 Aug
PNW examines cost-control strategies for potential long-term earnings growth support. PNW cost controls may moderately shape earnings growth without major trajectory shifts.
11 Aug
Pinnacle West Capital (PNW) held its Q2 2026 earnings call to review financial results, operations and outlook. Quarterly earnings disclosure and guidance can shift near-term investor sentiment and valuation.
5 Aug
Pinnacle West Capital Corporation held its Q2 earnings call and highlighted financial results along with operational updates. Quarterly earnings and guidance directly inform near-term financial expectations and investor positioning.
4 Aug
Pinnacle West Capital Corporation held Q2 2026 earnings call covering financial results, operations and outlook. Quarterly earnings updates can shift near-term sentiment and valuation but rarely redefine long-term trajectory.
PNW Q2 2026 earnings call highlights robust growth offsetting challenges while sustaining positive financial trajectory and operational momentum. Robust growth reported in earnings supports moderate influence on financial performance and market sentiment without fundamental trajectory shifts.
Pinnacle West Capital Corporation reported Q2 earnings that missed estimates while revenues rose year-over-year. Q2 earnings miss offset by revenue growth indicates mixed results likely to exert moderate pressure on near-term stock performance and sentiment.
Pinnacle West Capital Corporation posted lower second-quarter 2026 financial results compared to the prior year. Lower earnings create moderate short-term pressure on valuation and investor sentiment without indicating structural change.
2 Jul
PNW's capital investment plan raises questions on its ability to drive sustained long-term earnings growth. Capital investment plan constitutes a major strategic move with potential to significantly shift PNW earnings trajectory.
APS plans to convert Cholla Power Plant to natural gas. Plant conversion alters PNW energy production mix and environmental compliance profile.
6 Jun
Pinnacle West Capital Corporation refinances debt and updates EPS outlook, prompting questions on whether these moves alter the bullish investment thesis for PNW stock. Debt refinancing and EPS guidance revisions may moderately influence PNW capital structure and earnings trajectory.
4 May
Pinnacle West Capital Corporation's Q1 2026 earnings call summary details first-quarter financial results, operational updates, and future outlook for the utility company. Quarterly earnings summaries provide key financial metrics and guidance that significantly influence PNW's stock performance and investor expectations.
Pinnacle West Capital Corporation (PNW) released its Q1 2026 earnings call transcript, detailing quarterly financial results, operational updates, and management's outlook. Q1 2026 earnings transcript discloses financial performance and strategic guidance directly impacting PNW's valuation and investor confidence.
Pinnacle West Capital Corporation released Q1 earnings call highlights, covering financial results, operational updates, and forward guidance. Q1 earnings highlights detail financial performance and outlook with moderately noticeable influence on investor sentiment and stock trajectory.
Pinnacle West Capital Corporation (PNW) Q1 earnings beat analyst estimates, with revenues increasing year-over-year. Q1 earnings beat and year-over-year revenue growth positively affect financial performance and market sentiment without fundamentally altering long-term trajectory.
Pinnacle West Capital Corporation (PNW) surpassed Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates positively affects PNW's financial performance and investor sentiment moderately.
Pinnacle West Capital Corporation reported first-quarter 2026 financial results. Quarterly earnings reports moderately influence financial performance perceptions and short-term market sentiment for PNW.
28 Apr
Evolving narrative around Pinnacle West Capital (PNW) shapes investor valuation expectations. Evolving narrative moderately influences PNW's valuation expectations and market sentiment.
27 Apr
Analysts expect Pinnacle West Capital Corporation (PNW) to beat earnings estimates, potentially driving its stock price higher amid positive momentum indicators. Expected earnings beat could noticeably impact PNW's short-term financial performance and investor sentiment.
21 Apr
Pinnacle West Capital (PNW) nears earnings release; analysts expect steady EPS and revenue growth amid Arizona Public Service's weather impacts, regulatory rate cases, and capital spending plans. Upcoming earnings will influence assessment of PNW's financial health and operational performance.
13 Apr
Pinnacle West Capital (PNW) stock hits a record high driven by surging electricity demand in Phoenix, sparking debates over its valuation amid growth prospects. Phoenix demand surge propels PNW stock to highs but ignites valuation debates that could reshape investor sentiment and trajectory.
Pinnacle West Capital Corporation (PNW) hits 52-week high amid strong power mix momentum, sparking potential investor responses. PNW's 52-week high and power mix momentum suggest moderately noticeable positive influence on market sentiment and performance.
30 Mar
Analysts are reworking their models on Pinnacle West Capital (PNW), shifting the company's investment story amid changing fundamentals. Analyst model revisions suggest moderately noticeable changes to PNW's outlook and investor sentiment.
27 Mar
Pinnacle West Capital Corporation (PNW) benefits from an expanding customer base and strategic investments. Expanding customer base and strategic investments signal significant growth potential for PNW's future performance.
16 Mar
Arizona Public Service (APS), Pinnacle West Capital subsidiary, plans to seek U.S. Nuclear Regulatory Commission license renewals for Palo Verde Generating Station's three nuclear units, extending operations potentially to 2054, 2053, and 2056 beyond current 2044-2047 expirations. Palo Verde provides over half of APS's power generation, and successful license renewal ensures decades of reliable, low-cost baseload nuclear output critical to PNW's long-term revenue and market position.
11 Mar
Analysts raised the price target for Pinnacle West Capital (PNW) to $97. Price target hike signals stronger analyst optimism, likely influencing investor sentiment and moderate stock performance.
3 Mar
Pinnacle West Capital Corporation (PNW) valuation reviewed after return to profitability and reaffirmation of 2026 guidance. Return to profits and reaffirmed 2026 guidance moderately boost PNW's financial performance and investor sentiment.
28 Feb
Pinnacle West Capital Corporation (PNW) released Q4 earnings call highlights covering financial results, guidance, and strategic updates. Q4 earnings highlights moderately affect PNW's financial performance and investor sentiment without fundamental changes.
26 Feb
Pinnacle West Capital Corporation reported Q4 EPS of 13 cents, beating consensus expectations of 5 cents. Q4 EPS beat consensus by 160%, signaling strong financial performance likely to boost investor sentiment and stock trajectory.
25 Feb
Pinnacle West Capital Corp (PNW) Q4 2025 earnings call highlights strong sales growth amidst challenges. Strong sales growth in Q4 2025 earnings call indicates significant positive impact on PNW's future performance and investor sentiment.