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    Pinnacle West Capital Corp (PNW)

    Official site

    UTILITIES • UTILITIES - REGULATED ELECTRIC • NYSE

    $102.07
    +0.49 (+0.48%)

    Market Cap: $12.53B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    69%(27/39)
    Avg Surprise
    +61.54%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$3.29
    Range$3.08 - $3.70
    6 analysts
    EPS Revisions
    1
    0
    7d
    1
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$3.16+3.9%
    60d ago$3.15+4.4%
    30d ago$3.15+4.3%
    7d ago$3.19+3.1%
    Current$3.29
    Revenue Consensus
    $1.9B
    Range$1.9B - $2.0B
    3 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.01
    Range$-0.10 - $0.53
    10 analysts
    Revenue Consensus
    $1.2B
    Range$1.0B - $1.5B
    8 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$0.01---
    Sep 26EST
    -$3.29---
    Jun 26
    Reported Aug 4
    $1.43$1.49-4.03%Miss-9.5%
    Mar 26
    Reported May 4
    $0.27$0.03+800.00%Beat+775.0%
    Dec 25
    Reported Feb 25
    $0.13$0.03+288.06%Beat+316.7%
    Sep 25
    Reported Nov 3
    $3.39$3.09+9.71%Beat+0.6%
    Jun 25
    Reported Aug 6
    $1.58$1.59-0.63%Miss-10.2%
    Mar 25
    Reported May 1
    $-0.04$0.02-300.00%Miss-126.7%
    Dec 24
    Reported Feb 25
    $-0.06N/A+59.70%Beat-29900.0%
    Sep 24
    Reported Nov 6
    $3.37$3.52-4.26%Miss-3.7%
    Jun 24
    Reported Aug 1
    $1.76$1.26+39.68%Beat+87.2%
    Mar 24
    Reported May 2
    $0.15$-0.01+1600.00%Beat+600.0%
    Dec 23
    Reported Feb 27
    $-0.00N/A+99.85%Beat+99.9%
    Sep 23
    Reported Nov 2
    $3.50$3.42+2.34%Beat+21.5%
    Jun 23
    Reported Aug 3
    $0.94$1.16-18.97%Miss-35.2%
    Mar 23
    Reported May 4
    $-0.03$0.02-250.00%Miss-120.0%
    Dec 22
    Reported Feb 27
    $-0.21$-0.18-16.67%Miss-187.5%
    Sep 22
    Reported Nov 3
    $2.88$2.61+10.34%Beat-4.0%
    Jun 22
    Reported Aug 3
    $1.45$1.31+10.69%Beat-24.1%
    Mar 22
    Reported May 4
    $0.15$0.07+114.29%Beat-53.1%
    Dec 21
    Reported Feb 25
    $0.24$0.06+300.00%Beat+241.2%
    Sep 21
    Reported Nov 5
    $3.00$2.78+7.91%Beat-2.3%
    Jun 21
    Reported Aug 5
    $1.91$1.65+15.76%Beat+11.7%
    Mar 21
    Reported May 5
    $0.32$0.25+28.00%Beat+18.5%
    Dec 20
    Reported Feb 24
    $-0.17$0.04-525.00%Miss-129.8%
    Sep 20
    Reported Oct 30
    $3.07$2.90+5.86%Beat+10.8%
    Jun 20
    Reported Aug 6
    $1.71$1.48+15.54%Beat+33.6%
    Mar 20
    Reported May 8
    $0.27$0.21+28.57%Beat+68.8%
    Dec 19
    Reported Feb 21
    $0.57$0.47+21.28%Beat+147.8%
    Sep 19
    Reported Nov 7
    $2.77$2.99-7.36%Miss-1.1%
    Jun 19
    Reported Aug 8
    $1.28$1.40-8.57%Miss-13.5%
    Mar 19
    Reported May 1
    $0.16$0.17-5.88%Miss+433.3%
    Dec 18
    Reported Feb 22
    $0.23$0.18+27.78%Beat+21.1%
    Sep 18
    Reported Nov 8
    $2.80$2.71+3.32%Beat+13.8%
    Jun 18
    Reported Aug 3
    $1.48$1.48+0.00%Beat-0.7%
    Mar 18
    Reported May 2
    $0.03N/A-62.50%Miss-85.7%
    Dec 17
    Reported Feb 23
    $0.19$0.12+58.33%Beat-59.6%
    Sep 17
    Reported Nov 3
    $2.46$2.32+6.03%Beat-
    Jun 17
    Reported Aug 3
    $1.49$1.17+27.35%Beat-
    Mar 17
    Reported May 2
    $0.21$0.17+23.53%Beat-
    Dec 16
    Reported Feb 24
    $0.47$0.47+0.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield3.57%
    Forward Annual Dividend$3.64
    Payout Ratio24.93%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+1.73%
    5Y CAGR+2.50%

    Key Metrics

    Valuation
    P/E Ratio19.55EV/EBITDA11.02x
    Price/FCF-14.09xFCF Yield-7.10%
    Profitability
    Profit Margin11.50%Operating Margin21.30%
    ROE9.37%ROIC5.39%
    Financial Health
    Debt/Equity1.62xInterest Coverage2.50x
    Current Ratio0.59xQuick Ratio0.41x
    Trading Statistics
    Beta0.42Avg Volume1.41M
    52-Week High$110.1652-Week Low$83.83

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$98.25
    SMA 20$95.57
    SMA 50$97.29
    SMA 200$98.57
    EMA 10$98.64
    EMA 20$97.26
    EMA 50$97.69
    EMA 200$97.72

    MACD

    Line: 1.09Signal: 0.03Hist: 1.07

    ADX

    ADX: 23.7+DI: 32.0-DI: 14.3

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down48.0
    PSAR$96.98

    Bollinger Bands

    Upper Band$102.29
    Lower Band$88.85
    %B Position1406%(Upper)
    Band Width0.98

    RSI (14-Day)

    Overbought
    72.2

    Momentum Oscillators

    Stoch %K98.2
    Stoch %D98.0
    Williams %R-2.4
    ROC (10d)9.7%
    Momentum9.03
    CCI (20d)154.8
    MFI (14d)93.3

    Volatility Measures

    ATR (14d)$1.75(1.7%)
    StdDev (20d)3.36
    Hist Vol17.9%(Low)

    Volume Flow

    VWAP$101.65
    OBV-2.2M
    AD Line-727.6M
    CMF (20d)0.172

    Volume Metrics

    Avg Vol (20d)1.5M
    Vol Ratio0.9x
    VWMA (20d)$95.47

    Pivot Points

    R3$105.11
    R2$103.37
    R1$102.48
    Pivot Point$100.74
    S1$99.84
    S2$98.10
    S3$97.21

    Advanced Oscillators

    TSI18.61
    Ultimate Osc75.9
    KST7.98

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$1.46B$1.15B$1.13B$1.82B$1.36B$1.03B$1.10B$1.77B$1.31B$951.71M$991.57M$1.64B
    Cost of Revenue$841.88M$713.43M$719.11M$955.59M$763.61M$680.18M$723.40M$939.44M$709.44M$615.44M$657.27M$864.54M
    Gross Profit$613.86M$436.17M$409.06M$865.15M$595.14M$352.10M$372.01M$829.36M$599.56M$336.27M$334.31M$773.22M
    Operating Expenses$308.19M$304.99M$288.05M$283.31M$287.59M$294.88M$287.47M$282.37M$285.81M$269.48M$259.93M$256.96M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$3.28M$3.16M$1.72M$338,000$1.04M$584,000$83,000$145,000$2.14M$20,000$265,000$350,000
    Operating Income$305.67M$131.17M$121.01M$581.85M$307.55M$57.22M$84.54M$546.99M$313.75M$66.79M$74.38M$516.26M
    Interest Income$17.05M$14.78M$15.46M$17.67M$14.77M$13.25M$9.83M$9.59M$8.91M$10.29M$13.05M$11.98M
    Interest Expense$122.20M$115.90M$113.96M$111.20M$101.97M$94.84M$94.96M$98.02M$97.86M$86.63M$86.59M$87.82M
    Income Before Tax$212.07M$36.28M$17.59M$495.41M$231.89M$-6,521,000$-2,531,000$473.50M$240.53M$25.06M$7.07M$459.56M
    Income Tax Expense$31.30M$1.17M$-3,000$77.89M$35.02M$-6,183,000$-10,000$74.23M$32.42M$3.89M$2.79M$57.05M
    Net Income$180.77M$35.11M$17.60M$417.51M$196.87M$-338,000$-2,521,000$399.27M$208.11M$21.17M$4.28M$402.52M
    EBITDA$574.62M$397.24M$354.07M$828.36M$560.66M$325.72M$327.20M$807.98M$568.61M$327.81M$298.53M$754.98M
    EBIT$317.22M$137.40M$116.09M$588.94M$319.09M$75.07M$82.60M$561.93M$329.48M$101.40M$80.62M$535.41M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $3.86M
    Gov Obligations / Revenue
    0.1%
    Obligations YoY
    -5.8%
    Active Awards
    16
    New Awards (TTM)
    3
    Avg Remaining Term
    11.3 mo

    Top agency: Department of Health and Human Services at 40.8% of trailing twelve month obligations across 3 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    15B60826F00000059Department of JusticeFederal Prison System / Bureau of Prisons$1.20MOct 1, 2025
    140A1126P0060Department of the InteriorBureau of Indian Affairs and Bureau of Indian Education$40000Jun 10, 2026
    140A2326F0047Department of the InteriorBureau of Indian Affairs and Bureau of Indian Education$32000Apr 17, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    PNW Valuation and Fair Value

    P/E
    19.6x
    Forward P/E
    16.9x
    EV/EBITDA
    11.0x
    P/FCF
    -14.1x
    PEG
    3.6x
    P/B
    1.8x
    See GNG's fair value

    PNW Profitability: Margins, ROIC and FCF

    Gross margin
    41.8%
    Operating margin
    21.3%
    Net margin
    11.5%
    ROIC
    5.4%
    ROE
    9.4%
    FCF margin
    -15.8%
    FCF yield
    -7.1%

    PNW Analyst Ratings

    Consensus
    Hold
    Analysts
    17
    Strong Buy
    1
    Buy
    4
    Hold
    11
    Sell
    0
    Strong Sell
    1

    PNW Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    106.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $3.29
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 0 down

    PNW Dividend

    Forward yield
    3.6%
    Payout ratio
    24.9%
    3Y DPS growth
    1.7%
    5Y DPS growth
    2.5%
    Pay months
    Mar, Jun, Sep, Dec
    PNW dividend history

    Frequently Asked Questions About PNW

    What is PNW's current dividend yield?

    Pinnacle West Capital Corp (PNW) has a forward dividend yield of 3.57%.

    Does PNW pay dividends?

    Yes, Pinnacle West Capital Corp pays dividends with a forward dividend yield of 3.57%.

    What is PNW's P/E ratio?

    Pinnacle West Capital Corp has a price-to-earnings (P/E) ratio of 19.55.

    What is PNW's market cap?

    Pinnacle West Capital Corp (PNW) has a market capitalization of $12.53B with a current stock price of $102.07.

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