Pinnacle West Capital Corp (PNW)
Pinnacle West Capital Corp brought in $5.7B of revenue over the twelve months to September 30, 2026, up 7.5% from a year earlier. Net income was $661.1M, a net margin of 11.6%. In fiscal 2025 capital spending exceeded operating cash flow by $819.5M. At September 30, 2026 it held $11.1M in cash against $11B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 3, 2026.
Key facts about Pinnacle West Capital Corp
- Net worth
- Pinnacle West Capital Corp has a market value (market cap) of $12.8B at the latest share price, and shareholders' equity of $7.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $5.3B (+4.2% year on year), with net income of $616.5M. Over the 12 months to September 30, 2026: revenue $5.7B, net income $661.1M.
- Cash flow
- In fiscal 2025 operations brought in $1.8B of cash; after $2.6B of capital spending, free cash flow was -$819.5M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 3, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Pinnacle West Capital Corp's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Pinnacle West Capital Corp declared dividends of $3.61 per share in fiscal 2025, a yield of 3.41% at the current price.
What Pinnacle West Capital Corp does
Pinnacle West Capital Corp is registered with the SEC under industry code SIC 4911 (Electric Services). Its shares trade on NYSE under the ticker PNW.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $5.3B | $616.5M | $5.05 | -$819.5M |
| 2024 | $5.1B | $608.8M | $5.24 | -$639.4M |
| 2023 | $4.7B | $501.6M | $4.41 | -$638.7M |
| 2022 | $4.3B | $483.6M | $4.26 | -$466M |
| 2021 | $3.8B | $618.7M | $5.47 | -$613.5M |
| 2020 | $3.6B | $550.6M | $4.87 | -$360.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where PNW ranks in Utilities
Dividends
Pinnacle West Capital Corp declared $3.61 per share in fiscal 2025. At the current price that is a yield of 3.41%. It paid out $422.8M in cash dividends, 69% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.61 | $422.8M | 69% |
| 2024 | $3.55 | $394.7M | 65% |
| 2023 | $3.49 | $386.5M | 77% |
| 2022 | $3.43 | $378.9M | 78% |
| 2021 | $3.36 | $369.5M | 60% |
| 2020 | $3.23 | $350.6M | 64% |
Latest SEC filings
What Pinnacle West Capital Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 3, 2026
- November 3, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 8.3% to $2B versus the same quarter last year; diluted EPS $3.49 versus $3.39.
- September 30, 2026
- September 4, 2026
- August 13, 2026Exhibits 8-K
- August 12, 2026Passive stake (5% or more) SCHEDULE 13G
- August 7, 2026
- August 4, 2026
- August 4, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 7.1% to $1.5B versus the same quarter last year; diluted EPS $1.43 versus $1.58.
Insider trades
What the people running Pinnacle West Capital Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 10, 2026 | Blankenship Elizabeth AVP, Controller and CAO | Sold | 980 | $97.2K |
| August 7, 2026 | Esparza Jose Luis JrSVP Public Policy APS | Sold | 1,800 | $183.6K |
| May 14, 2026 | Spence William HDirector | Received as pay | 1,665 | $166.1K |
| May 14, 2026 | Sims Paula JDirector | Received as pay | 1,665 | $166.1K |
| May 13, 2026 | Tetlow JacobEVP, COO, APS | Sold | 6,526 | $646.1K |
| May 13, 2026 | Tetlow JacobEVP, COO, APS | Sold | 41 | $4.1K |
| March 18, 2026 | Baum Shirley ASVP and GC | Received as pay | 2,781 | - |
| March 18, 2026 | Baum Shirley ASVP and GC | Other change | 327 | $33K |
Who owns PNW
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Capital Research Global Investors13G, passive | 13.6% | May 14, 2026 |
| Vanguard Capital Management13G, passive | 7.35% | April 30, 2026 |
| Barrow Hanley Global Investors 75240319013G, passive | 5.57% | November 13, 2024 |
| Barrow Hanley Mewhinney & Strauss LLC13G, passive | 5.4% | August 12, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 728 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital Research Global Investors | 16,494,147 | +57,253 |
| BlackRock, Inc. | 11,782,896 | +14,316 |
| Vanguard Capital Management LLC | 7,897,426 | +95,986 |
| State Street Corp | 7,016,843 | +105,654 |
| Barrow Hanley Mewhinney & Strauss LLC | 6,575,681 | -424,936 |
| Vanguard Portfolio Management LLC | 5,986,758 | -1,808 |
| ATLAS Infrastructure Partners (UK) Ltd. | 5,332,226 | +257,813 |
| Invesco Ltd. | 4,173,460 | -76,833 |
| Soroban Capital Partners LP | 3,874,977 | +20,162 |
| Geode Capital Management, LLC | 3,223,551 | +89,508 |
| Massachusetts Financial Services Co | 2,853,685 | +9,298 |
| Two Sigma Investments, LP | 2,517,347 | +328,805 |
| Morgan Stanley | 1,914,042 | -146,953 |
| Barclays PLC | 1,760,271 | +1,015,990 |
| Goldman Sachs Group Inc | 1,602,618 | +34,487 |
| Wellington Management Group Llp | 1,456,941 | +733,069 |
| American Century Companies Inc | 1,444,702 | +1,296,968 |
| Pictet Asset Management Holding SA | 1,410,457 | -6,849 |
| Dimensional Fund Advisors LP | 1,372,876 | +26,921 |
| Nuveen, LLC | 1,343,084 | +359,428 |
Insiders
10 insiders reported holding 164,620 shares in total, about $17.4M at the last price.
| Holder | Shares |
|---|---|
| Geisler Theodore NChairman, CEO and President, Director | 50,00350,003 held indirectly |
| Heflin Adam CEVP & CNO, APS | 39,471 |
| Cooper Andrew DSVP & CFO | 29,053 |
| Sims Paula JDirector | 11,032 |
| Blankenship Elizabeth AVP, Controller and CAO | 10,886 |
| Tetlow JacobEVP, COO, APS | 6,634 |
| Spence William HDirector | 6,291 |
| Baum Shirley ASVP and GC | 5,846 |
| Esparza Jose Luis JrSVP Public Policy APS | 4,910 |
| Bauer Christopher R.VP and Treasurer | 494 |
Questions about PNW
What does Pinnacle West Capital Corp do?
Pinnacle West Capital Corp is a company in the Utilities sector, listed on NYSE as PNW. Its shares trade on NYSE under the ticker PNW.
What is Pinnacle West Capital Corp's net worth?
Pinnacle West Capital Corp has a market value (market cap) of $12.8B at the latest share price, and shareholders' equity of $7.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Pinnacle West Capital Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $661.1M on revenue of $5.7B, a net margin of 11.6%.
How much revenue does Pinnacle West Capital Corp make?
Over the twelve months to September 30, 2026 Pinnacle West Capital Corp reported revenue of $5.7B. That is 7.5% more than a year earlier.
When did Pinnacle West Capital Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 3, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is Pinnacle West Capital Corp's next earnings report?
Pinnacle West Capital Corp's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Pinnacle West Capital Corp pay a dividend?
Yes. Pinnacle West Capital Corp declared dividends of $3.61 per share in fiscal 2025, a yield of 3.41% at the current price.
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Where the numbers come from
Financial figures are the values Pinnacle West Capital Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.