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Pinnacle West Capital PNW Q1 2025 earnings

Reported May 1, 2025 · Before market open

Revenue$1.0BMiss by $303.1M
EPS-$0.04Miss by $0.09
Revenue estimate$1.3B
EPS estimate$0.05

Next report

Nov 2, 2026 (in 2 months)
Revenue estimate$1.8B
EPS estimate$3.11

Financials

Q1 2025

Income statement

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Revenue$1.0B+8.5%
Gross profit$652.2M+9.8%
Operating income$57.2M-14.3%
Net income-$338.0K-102%
EPS (diluted)-$0.04-127%

Balance sheet

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Cash & equivalents$10.0M+4.3%
Total debt$12.1B+15.5%
Total equity$6.7B+8.7%
Total assets$27.2B+9.6%

Cash flow

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Operating cash flow$401.9M+15.7%
CapEx$622.6M+20.2%
Free cash flow-$220.7M-29.5%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$11.34B+33.6%
Enterprise value$23.47B+23.6%
P/E18.7×+2.9×
P/S2.2×+0.4×

Profitability

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Gross margin64.6%+1.9pp
Operating margin19.3%+1.4pp
Net margin11.7%+0.2pp
FCF margin-13.2%+1.2pp

Returns & leverage

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Return on equity9.4%+0.6pp
Debt / equity1.8×+0.1×
Current ratio0.5×-0.1×

Segments

By product

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Retail Electric Service$524.9M+13.7%
Transmission Services for Others$25.5M-7.8%
Wholesale Energy Sales$24.8M—
Other Sources$8.1M+175%

By segment

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Other-—

FAQ

When did Pinnacle West Capital report Q1 2025 earnings?
Pinnacle West Capital (PNW) reported Q1 2025 earnings on May 1, 2025 before market open.
What were Pinnacle West Capital's Q1 2025 revenue and EPS?
Pinnacle West Capital reported revenue of $1.0B and eps of $-0.04 for Q1 2025.
Did Pinnacle West Capital beat estimates in Q1 2025?
Revenue missed the consensus estimate of $1.3B by $303.1M. EPS missed the consensus estimate of $0.05 by $0.09.
How did Pinnacle West Capital's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.5% from $951.7M a year earlier.