NYSE$PNW
Pinnacle West Capital Corporation · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Pinnacle West reported Q3 2025 operating revenues of $1.82B with net income of $418M.
Operating revenues were $1,820.7 million and net income was $417.5 million. Net income attributable to common shareholders was $413.2 million, or $3.45 per diluted share, as Arizona regulated utility operations drove results.
- Q3 operating revenues $1.82B.
- Net income $418M; diluted EPS $3.45 to common shareholders.
- Regulated electric utility rate base and customer growth support earnings.
- Fuel costs and weather remain primary earnings sensitivities.
Headline financials
Revenue & EPS history
Pinnacle West · Revenue · Quarterly
$1.82B
Forward guidance
The filing discusses Pinnacle West Capital's outlook, including capital allocation, operating priorities, and market risks relevant to the reported quarter.
Tailwinds
- Pinnacle West Capital cites operational priorities and demand trends supporting the outlook.
- Balance sheet and liquidity actions aim to fund growth and returns.
- Regulated or contracted cash flows support the earnings base.
Headwinds
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter comparability.
- Commodity prices, weather, or tariff regulation may move results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
+0.4%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.9%
Avg return
30 days after
58%
39 / 67 earnings
Positive
+5.1%
Q4 2021
Best reaction
-5.2%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | -4.2% | -6.5% | |
| Q4 2025 | -0.3% | +0.5% | -0.4% | |
| Q3 2025 | -0.1% | -0.6% | +0.1% | |
| Q1 2025 | -1.9% | -1.8% | -4.2% | |
| Q4 2024 | +1.1% | +0.5% | +1.0% | |
| Q3 2024 | +2.9% | +6.0% | +5.6% | |
| Q2 2024 | +3.1% | -0.3% | +2.3% | |
| Q1 2024 | +1.1% | +2.0% | +5.2% | |
| Q4 2023 | -3.4% | -1.8% | +7.9% | |
| Q3 2023 | -2.2% | -4.4% | -0.6% | |
| Q2 2023 | -4.8% | -6.6% | -8.0% | |
| Q1 2023 | +2.2% | +1.8% | -1.4% | |
| Q4 2022 | +0.4% | +4.1% | +6.9% | |
| Q3 2022 | +3.3% | +1.5% | +16.1% | |
| Q2 2022 | +3.8% | +2.4% | +1.5% | |
| Q1 2022 | +0.8% | +2.8% | +7.3% | |
| Q4 2021 | +5.1% | +4.8% | +12.8% | |
| Q3 2021 | +0.1% | +1.5% | +4.0% | |
| Q2 2021 | +2.7% | +2.7% | -1.3% | |
| Q1 2021 | +1.2% | +3.7% | +2.8% | |
| Q4 2020 | -3.3% | -4.2% | +6.3% | |
| Q3 2020 | -2.6% | -1.3% | +0.8% | |
| Q2 2020 | +3.0% | +1.3% | -9.2% | |
| Q1 2020 | +2.6% | +1.0% | +10.6% | |
| Q4 2019 | -0.1% | -3.8% | -35.2% | |
| Q3 2019 | -5.2% | -6.1% | -5.5% | |
| Q2 2019 | -0.6% | -0.0% | +0.9% | |
| Q1 2019 | -2.3% | -1.9% | -1.4% | |
| Q4 2018 | +1.9% | +1.1% | +5.2% | |
| Q3 2018 | +3.6% | +4.5% | +6.3% | |
| Q2 2018 | +1.3% | +1.0% | -1.9% | |
| Q1 2018 | -0.3% | -0.3% | -3.0% | |
| Q4 2017 | +4.6% | +0.3% | +1.3% | |
| Q3 2017 | +1.1% | +2.1% | +3.5% | |
| Q2 2017 | +0.9% | +1.7% | +3.0% | |
| Q1 2017 | +0.4% | +1.0% | +5.9% | |
| Q4 2016 | +0.8% | +2.4% | +4.5% | |
| Q3 2016 | -0.5% | +1.7% | -1.3% | |
| Q2 2016 | -1.7% | -2.9% | -5.9% | |
| Q1 2016 | +2.5% | — | — | |
| Q4 2015 | +3.1% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | +0.3% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | +2.9% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | -2.3% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | -2.4% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | -0.4% | — | — | |
| Q3 2012 | -2.1% | — | — | |
| Q2 2012 | +1.3% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | +0.4% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q1 2010 | +2.1% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q4 2008 | -0.8% | — | — | |
| Q3 2010 | -1.5% | — | — | |
| Q3 2009 | -1.5% | — | — | |
| Q2 2010 | +2.5% | — | — | |
| Q2 2009 | +2.5% | — | — | |
| Q4 2009 | +2.5% | — | — |
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