NYSE$PNW

Pinnacle West Capital Corporation · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Pinnacle West reported Q4 2025, net income of $616.5M.

For Q4 2025, Pinnacle West reported net income of $616.5M. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Net income $616.5M.
  • Pinnacle West MD&A covers liquidity, operations, and outlook.
  • Pinnacle West MD&A covers liquidity, operations, and outlook.

Headline financials

Total Revenue

$1.13B

Previous: $1.1B+3.0%
EPS (adj)

$0.13

Previous: -$0.06+316.7%
Retail Customer Growth

2.4%

No prior period
Retail Sales Growth

5.0%

Previous: 5.7%-12.3%
Net Income

$17.6M

Previous: -$6.83M+357.8%
Operating Income

$121M

Previous: $84.5M+43.1%

Revenue & EPS history

Pinnacle West · Revenue · Quarterly

$1.13B

Q4 2025+3%vs Q4 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

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 Q4 2025

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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