Pinnacle West Capital (PNW) Capital Expenditures (2009 - 2026)
Pinnacle West Capital's Capital Expenditures came in at $628.36 million for Q1 2026, up 0.9% from $622.55 million a year earlier but down 6.1% from the prior quarter.
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Analysis
Pinnacle West Capital (PNW) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Pinnacle West Capital reported Capital Expenditures of $2.63 billion, up 11.7% year-over-year; for FY2025, it came in at $2.62 billion, up 16.7% from FY2024.
- Capital Expenditures has increased in each of the last seven years, with a five-year compound annual growth rate of 14.6% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $2.25 billion in FY2024 (+21.8%), $1.85 billion in FY2023 (+8.1%), $1.71 billion in FY2022 (+15.9%) and $1.47 billion in FY2021 (+11.1%).
- The five-year range for quarterly Capital Expenditures is $317.37 million (Q2 2021) to $709.52 million (Q2 2025).
- Year-over-year, Capital Expenditures increased in six of the last eight quarters, with growth averaging 19.3%.
- The fastest year-over-year change in Capital Expenditures over five years came in Q3 2024 (growth of 68.0%), and the weakest in Q3 2023 (a decline of 8.6%).
- Business Quant data shows PNW's Capital Expenditures at $669.52 million (Q4 2025), $623.03 million (Q3 2025) and $709.52 million (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | 2.73 Bn |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 3.70 Bn |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 4.09 Bn |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 2.78 Bn |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | 2.78 Bn |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 2.23 Bn |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | 2.78 Bn |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | 2.95 Bn |
| 10 | Pinnacle West Capital | 12.32 Bn | 12.26 Bn | 712.87 Mn | 628.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 628.36 Mn |
| Dec 31, 2025 | 669.52 Mn |
| Sep 30, 2025 | 623.03 Mn |
| Jun 30, 2025 | 709.52 Mn |
| Mar 31, 2025 | 622.55 Mn |
| Dec 31, 2024 | 531.62 Mn |
| Sep 30, 2024 | 665.85 Mn |
| Jun 30, 2024 | 533.97 Mn |
| Mar 31, 2024 | 517.76 Mn |
| Dec 31, 2023 | 531.84 Mn |
| Sep 30, 2023 | 396.33 Mn |
| Jun 30, 2023 | 473.02 Mn |
| Mar 31, 2023 | 445.17 Mn |
| Dec 31, 2022 | 430.63 Mn |
| Sep 30, 2022 | 433.64 Mn |
| Jun 30, 2022 | 451.64 Mn |
| Mar 31, 2022 | 391.58 Mn |
| Dec 31, 2021 | 467.04 Mn |
| Sep 30, 2021 | 325.28 Mn |
| Jun 30, 2021 | 317.37 Mn |
API Access
Pinnacle West Capital Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=PNW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "PNW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=PNW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();