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Pinnacle West Capital PNW Q2 2025 earnings

Reported August 6, 2025 · Before market open

Revenue$1.4BMiss by $421.1M
EPS$1.58In line
Revenue estimate$1.8B
EPS estimate$1.58

Next report

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

Financials

Q2 2025

Income statement

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Revenue$1.4B+3.8%
Gross profit$881.7M+1.1%
Operating income$307.6M-2.0%
Net income$196.9M-5.4%
EPS (diluted)$1.58-10.2%

Balance sheet

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Cash & equivalents$18.8M+370%
Total debt$14.0B+24.9%
Total equity$6.7B+8.3%
Total assets$29.2B+13.8%

Cash flow

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Operating cash flow$261.4M+37.8%
CapEx$709.5M+32.9%
Free cash flow-$448.1M-30.2%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$10.77B+24.1%
Enterprise value$24.75B+24.5%
P/E18.1×+4.4×
P/S2×+0.3×

Profitability

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Gross margin64.1%+0.7pp
Operating margin19%-0.9pp
Net margin11.3%-1.7pp
FCF margin-15.1%+1.6pp

Returns & leverage

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Return on equity9.2%-1.2pp
Debt / equity2.1×+0.3×
Current ratio0.5×-0.1×

Segments

By product

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Retail Electric Service$654.0M-0.6%
Transmission Services for Others$32.0M+16.2%
Wholesale Energy Sales$17.9M—
Other Sources$3.2M-0.2%

By segment

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Other-—

FAQ

When did Pinnacle West Capital report Q2 2025 earnings?
Pinnacle West Capital (PNW) reported Q2 2025 earnings on August 6, 2025 before market open.
What were Pinnacle West Capital's Q2 2025 revenue and EPS?
Pinnacle West Capital reported revenue of $1.4B and eps of $1.58 for Q2 2025.
Did Pinnacle West Capital beat estimates in Q2 2025?
Revenue missed the consensus estimate of $1.8B by $421.1M. EPS beat the consensus estimate of $1.58 by $0.00.
How did Pinnacle West Capital's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.8% from $1.3B a year earlier and eps declined 10.2% from $1.76.