Business Wire·Jun 24, 2026
Pinnacle West Declares Quarterly DividendPHOENIX--(BUSINESS WIRE)--Pinnacle West Capital declared a quarterly dividend payable on Sept. 1, 2026, to shareholders of record at the close of business on Aug. 3, 2026.
Pinnacle West Capital Corporation(PNW)Earnings, Financials & Key Ratios
PNW•NYSE•Utilities
$108.61
21.5× P/E·Price updated Jul 7, 2026
AboutPinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations. The company also owns or leases approximately 6,323 megawatts of regulated generation capacity. It serves approximately 1.3 million customers. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.Show more
- Revenue$5.34B+4.2%
- EBITDA$2.09B+6.1%
- Net Income$617M+1.3%
- Free Cash Flow-$820M-28.2%
- EBITDA Margin39.1%+1.8%
- Net Margin11.55%-2.8%
- ROE8.84%-4.6%
- Interest Coverage2.75-6.8%
- Debt/Equity2.52+56.3%
PNW Price & Volume
Pinnacle West Capital Corporation (PNW) stock price & volume — 10-year historical chart
Loading chart...
Industrial Load Growth Drives Infrastructure Capital Expansion
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Strained
Cash Flow:Burning
Primary Risk:Regulatory rate case friction
Key Thesis Takeaways
- Pinnacle West is currently navigating a critical transition as rapid industrialization in the Phoenix metropolitan area necessitates massive grid investment, evidenced by a $628.4 million quarterly capital expenditure in 2026Q1.
- While this expansion supports long-term revenue growth, which reached 11.4% in 2026Q1, the company faces persistent regulatory friction and significant earnings volatility that may obscure underlying profitability.
- Investors should monitor the company's ability to manage its elevated debt-to-equity ratio of 2.52 as it balances aggressive infrastructure deployment with the need for stable regulatory cost recovery.
Verdict Logic
while the 11.4% revenue growth in 2026Q1 signals strong regional demand, the company's low interest coverage ratio of 1.31 and consistent free cash flow deficits warrant a cautious approach until regulatory outcomes improve.
PNW Growth Metrics
Pinnacle West Capital Corporation (PNW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.33%
5 Years8.28%
3 Years7.28%
TTM4.84%
Profit CAGR
10 Years3.5%
5 Years2.29%
3 Years8.43%
TTM11.37%
EPS CAGR
10 Years2.57%
5 Years0.73%
3 Years5.83%
TTM6.56%
Return on Capital
10 Years4.57%
5 Years4.07%
3 Years4.22%
Last Year4.32%
PNW Recent Earnings
Pinnacle West Capital Corporation (PNW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$0.27+1000.0%
$0.03
Rev
$1.1B+6.0%
$1.1B
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.13+160.0%
$0.05
Rev
$1.1B-3.6%
$1.2B
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$3.39+11.5%
$3.04
Rev
$1.8B+55.7%
$1.2B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$1.58+0.0%
$1.58
Rev
$1.4B-23.7%
$1.8B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.27vs $0.03+1000.0% | $1.1Bvs $1.1B+6.0% |
| Q1 2026 | Feb 25, 2026 | $0.13vs $0.05+160.0% | $1.1Bvs $1.2B-3.6% |
| Q4 2025 | Nov 3, 2025 | $3.39vs $3.04+11.5% | $1.8Bvs $1.2B+55.7% |
| Q3 2025 | Aug 6, 2025 | $1.58vs $1.58+0.0% | $1.4Bvs $1.8B-23.7% |
Based on last 12 quarters of dataView full earnings history →
Latest PNW News
Recent stock market news and headlines for Pinnacle West Capital Corporation (PNW)
Zacks Investment Research·Jun 15, 2026
ENGIY or PNW: Which Is the Better Value Stock Right Now?Investors interested in stocks from the Utility - Electric Power sector have probably already heard of ENGIE - Sponsored ADR (ENGIY) and Pinnacle West (PNW). But which of these two stocks is more attractive to value investors?
Peers Comparison
Key metrics vs top competitors for Pinnacle West Capital Corporation (PNW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $108.61 | $13.16B | 21.51 | 4.2% | 11.55% | 8.84% | 3.19% | |
| $114.43 | $31.66B | 21.39 | 15.43% | 17.17% | 11.6% | — | |
| $117.68 | $38.33B | 24.36 | 13.96% | 16.25% | 11.64% | — | |
| $87.12 | $20.08B | 23.80 | 1.65% | 14.71% | 8.65% | — | |
| $70.75 | $4.35B | 24.06 | 6.38% | 10.21% | 5.8% | — | |
| $151.64 | $8.4B | 25.70 | -0.75% | 18.61% | 9.4% | — |
Compare PNW vs Peers
Pinnacle West Capital Corporation (PNW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PNW SEC Filings & Documents
Pinnacle West Capital Corporation (PNW) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
May 4, 2026·SEC
Material company update
Apr 15, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
6Get notified when PNW posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
PNW Frequently Asked Questions
Pinnacle West Capital Corporation (PNW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Pinnacle West Capital Corporation's revenue?
Pinnacle West Capital Corporation (PNW) reported $5.46B in revenue for fiscal year 2025. This represents a 200% increase from $1.82B in 1996.
How fast is Pinnacle West Capital Corporation growing?
Pinnacle West Capital Corporation (PNW) grew revenue by 4.2% over the past year. Growth has been modest.
Is PNW profitable?
Yes, Pinnacle West Capital Corporation (PNW) is profitable, generating $654.1M in net income for fiscal year 2025 (11.5% net margin).
Dividend & Returns
Does PNW pay dividends?
Yes, Pinnacle West Capital Corporation (PNW) pays a dividend with a yield of 3.19%. This makes it attractive for income-focused investors.
What is PNW's return on equity?
Pinnacle West Capital Corporation (PNW) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.
What is Pinnacle West Capital Corporation's free cash flow?
Pinnacle West Capital Corporation (PNW) had negative free cash flow of $991.9M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Is PNW's dividend sustainable?
Pinnacle West Capital Corporation (PNW) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.