When did Pinnacle West Capital report Q3 2025 earnings?

Pinnacle West Capital (PNW) reported Q3 2025 earnings on November 3, 2025 before market open.

What were Pinnacle West Capital's Q3 2025 revenue and EPS?

Pinnacle West Capital reported revenue of $1.8B and diluted EPS of $3.39 for Q3 2025.

Did Pinnacle West Capital beat estimates in Q3 2025?

Revenue beat the consensus estimate of $1.2B by $651.0M. EPS beat the consensus estimate of $3.04 by $0.35.

How did Pinnacle West Capital's Q3 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 2.9% from $1.8B a year earlier and diluted EPS grew 0.6% from $3.37.

Pinnacle West Capital PNW Q3 2025 earnings

Reported November 3, 2025 · Before market open

Revenue$1.8BBeat by $651.0M Diluted EPS$3.39Beat by $0.35

Revenue estimate$1.2B

EPS estimate$3.04

Next report

Aug 4, 2026 (In 3 weeks)

Revenue estimate$1.4B

EPS estimate$1.48

Financials

Q3 2025

Income statement

See full

Revenue$1.8B+2.9%

Gross profit$1.2B+2.4%

Operating income$581.8M+6.4%

Net income$417.5M+4.6%

EPS (diluted)$3.39+0.6%

Balance sheet

See full

Cash & equivalents$30.9M-37.2%

Total debt$14.2B+25.9%

Total equity$7.2B+8.3%

Total assets$29.9B+13.6%

Cash flow

See full

Operating cash flow$665.0M+5.0%

CapEx$623.0M-6.4%

Free cash flow-+100%

Valuation & ratios

Valuation

as of 09/30/25

See full

Market cap$10.71B+6.3%

Enterprise value$24.92B+16.8%

P/E17.4×+1.5×

P/S2×0.0×

Profitability

See full

Gross margin64%-0.1pp

Operating margin19.4%-0.5pp

Net margin11.6%-1.0pp

FCF margin-14.3%+0.3pp

Returns & leverage

See full

Return on equity8.9%-0.8pp

Debt / equity2×+0.3×

Current ratio0.7×0.0×

Segments

By product

See full

Retail Electric Service$963.2M-0.3%

Wholesale Energy Sales$46.3M—

Transmission Services for Others$44.3M+14.4%

Other Sources$1.7M-34.8%

By segment

See full

Other-—

Versus estimates

Revenue

Q1 2026$1.1BBeat by $65.2M Q4 2025$1.1BMiss by $42.2M

Q3 2025$1.8BBeat by $651.0M

Q2 2025$1.4BMiss by $421.1M Q1 2025$1.0BMiss by $303.1M Q4 2024$1.1BBeat by $44.7M

Diluted EPS

Q1 2026$0.27Beat by $0.30 Q4 2025$0.13Beat by $0.08

Q3 2025$3.39Beat by $0.35

Q2 2025$1.58In line Q1 2025-$0.04Miss by $0.09 Q4 2024-$0.06Beat by $0.25

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Questions, answered.

When did Pinnacle West Capital report Q3 2025 earnings?: Pinnacle West Capital (PNW) reported Q3 2025 earnings on November 3, 2025 before market open.
What were Pinnacle West Capital's Q3 2025 revenue and EPS?: Pinnacle West Capital reported revenue of $1.8B and diluted EPS of $3.39 for Q3 2025.
Did Pinnacle West Capital beat estimates in Q3 2025?: Revenue beat the consensus estimate of $1.2B by $651.0M. EPS beat the consensus estimate of $3.04 by $0.35.
How did Pinnacle West Capital's Q3 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 2.9% from $1.8B a year earlier and diluted EPS grew 0.6% from $3.37.