Pinnacle West Capital Corporation

PNW Utilities Utilities Regulated Electric

Pinnacle West Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 4.20% from fiscal 2024. In the quarter to June 2026, revenue grew 7.14%, EPS fell 8.70%, free cash flow grew 36.8% and total debt rose 10.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.

103.57 1.99 +1.96%
Market cap
$12.3B
P/E
19.5×
Fwd P/E
21.9×
Dividend yield
3.51%
F-score
3/9
Altman Z
0.69
Beneish M
−2.46
Dividend safety
40/100

Pinnacle West Capital Corporation 10-K filed Feb 25, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 8:26 AM ET · Document on sec.gov · Filing index

What changed

Item 1, Business, against the 10-K filed Feb 25, 2025: 31 added · 43 removed · 77 modified; 10 with only figures updated

  1. Removed

    Pinnacle West is a holding company incorporated in Arizona that conducts business through its subsidiaries. We derive essentially all of our revenues and earnings from our wholly-owned subsidiary, APS. APS is incorporated in Arizona and is a vertically-integrated electric utility that provides either retail or wholesale electric service to most of Arizona, with the major exceptions of about one-half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona.

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