Pinnacle West Capital (PNW) Operating Income (2009 - 2026)
Pinnacle West Capital's Operating Income was $131.17 million in Q1 2026, up 129.2% from $57.22 million a year earlier and up 8.4% from the prior quarter.
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Analysis
Pinnacle West Capital (PNW) Operating Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Pinnacle West Capital's Operating Income was $1.14 billion through Mar 31, 2026, up 13.9% year-over-year; for FY2025, it was $1.07 billion, up 5.5% from FY2024.
- Operating Income has now increased for three consecutive years, with a five-year compound annual growth rate of 6.3% (FY2020 to FY2025).
- In earlier years, Operating Income was $1.01 billion in FY2024 (+22.7%), $824.64 million in FY2023 (+12.7%), $731.91 million in FY2022 (-9.1%) and $805.31 million in FY2021 (+2.2%).
- Quarterly Operating Income has moved between $36.75 million (Q4 2022) and $581.85 million (Q3 2025) over five years.
- Compared with a year earlier, Operating Income has increased for three straight quarters, with growth averaging 31.7% over the last eight quarters.
- The best year-over-year quarter for Operating Income over five years was Q1 2026 (growth of 129.2%); the worst was Q4 2022 (a decline of 26.5%).
- Per Business Quant data, PNW's Operating Income in the three quarters before Q1 2026 was $121.01 million (Q4 2025), $581.85 million (Q3 2025) and $307.55 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | 2.24 Bn |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 1.78 Bn |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 2.73 Bn |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 1.25 Bn |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | 329.00 Mn |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 711.00 Mn |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | 850.09 Mn |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | 706.00 Mn |
| 10 | Pinnacle West Capital | 12.32 Bn | 12.26 Bn | 712.87 Mn | 131.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 131.17 Mn |
| Dec 31, 2025 | 121.01 Mn |
| Sep 30, 2025 | 581.85 Mn |
| Jun 30, 2025 | 307.55 Mn |
| Mar 31, 2025 | 57.22 Mn |
| Dec 31, 2024 | 84.54 Mn |
| Sep 30, 2024 | 546.99 Mn |
| Jun 30, 2024 | 313.75 Mn |
| Mar 31, 2024 | 66.79 Mn |
| Dec 31, 2023 | 74.38 Mn |
| Sep 30, 2023 | 516.26 Mn |
| Jun 30, 2023 | 183.28 Mn |
| Mar 31, 2023 | 50.72 Mn |
| Dec 31, 2022 | 36.75 Mn |
| Sep 30, 2022 | 417.57 Mn |
| Jun 30, 2022 | 223.10 Mn |
| Mar 31, 2022 | 54.49 Mn |
| Dec 31, 2021 | 50.02 Mn |
| Sep 30, 2021 | 429.37 Mn |
| Jun 30, 2021 | 278.39 Mn |
API Access
Pinnacle West Capital Operating Income 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=operating-income&ticker=PNW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=PNW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();