When did Pinnacle West Capital report Q4 2025 earnings?

Pinnacle West Capital (PNW) reported Q4 2025 earnings on February 25, 2026 before market open.

What were Pinnacle West Capital's Q4 2025 revenue and EPS?

Pinnacle West Capital reported revenue of $1.1B and diluted EPS of $0.13 for Q4 2025.

Did Pinnacle West Capital beat estimates in Q4 2025?

Revenue missed the consensus estimate of $1.2B by $42.2M. EPS beat the consensus estimate of $0.05 by $0.08.

How did Pinnacle West Capital's Q4 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 3.0% from $1.1B a year earlier.

Where can I find Pinnacle West Capital's Q4 2025 SEC filings?

You can read the 8-K earnings release (0000764622-26-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.

Pinnacle West Capital PNW Q4 2025 earnings

Reported February 25, 2026 · Before market open

Revenue$1.1BMiss by $42.2M Diluted EPS$0.13Beat by $0.08

Revenue estimate$1.2B

EPS estimate$0.05

Next report

Aug 4, 2026 (In 3 weeks)

Revenue estimate$1.4B

EPS estimate$1.48

Financials

Q4 2025

Income statement

See full

Revenue$1.1B+3.0%

Gross profit$707.8M+1.2%

Operating income$121.0M+43.1%

Net income$17.6M—

EPS (diluted)$0.12—

Balance sheet

See full

Cash & equivalents$6.6M+72.1%

Total debt$14.3B+29.4%

Total equity$7.0B+4.3%

Total assets$30.0B+15.1%

Cash flow

See full

Operating cash flow$476.8M+8.5%

CapEx$669.5M+25.9%

Free cash flow-$192.7M-109%

Valuation & ratios

Valuation

as of 12/31/25

See full

Market cap$10.62B+10.1%

Enterprise value$24.91B+20.4%

P/E16.8×+1.5×

P/S2×+0.1×

Profitability

See full

Gross margin63.8%-0.6pp

Operating margin20%+0.2pp

Net margin11.8%-0.4pp

FCF margin-16.1%+6.7pp

Returns & leverage

See full

Return on equity9.2%-0.6pp

Debt / equity2×+0.4×

Current ratio0.5×-0.1×

Segments

By product

See full

Retail Electric Service$479.2M-5.2%

Transmission Services for Others$27.8M+11.0%

Wholesale Energy Sales$19.6M-4.0%

Other Sources$4.4M+71.2%

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 Q4 2025 earnings?: Pinnacle West Capital (PNW) reported Q4 2025 earnings on February 25, 2026 before market open.
What were Pinnacle West Capital's Q4 2025 revenue and EPS?: Pinnacle West Capital reported revenue of $1.1B and diluted EPS of $0.13 for Q4 2025.
Did Pinnacle West Capital beat estimates in Q4 2025?: Revenue missed the consensus estimate of $1.2B by $42.2M. EPS beat the consensus estimate of $0.05 by $0.08.
How did Pinnacle West Capital's Q4 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 3.0% from $1.1B a year earlier.
Where can I find Pinnacle West Capital's Q4 2025 SEC filings?: You can read the 8-K earnings release (0000764622-26-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.