Pinnacle West Capital
Pinnacle West Capital Corporation (NYSE: PNW) is an investor-owned electric utility holding company whose business is conducted primarily through its subsidiary, Arizona Public Service Company (APS), which generates, transmits and distributes regulated electricity in Arizona. APS serves residential, commercial and… From the company’s description.
In fiscal 2025, Pinnacle West Capital reported revenue of $5.34B, up 4.2% from fiscal 2024, and net income of $631.64M. Its operating margin was 20.0%, and operations generated $1.81B in cash. Over the twelve months to Jun 30, 2026, revenue was $5.55B.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Pinnacle West Capital does
In the company’s own words
Pinnacle West Capital Corporation (NYSE: PNW) is an investor-owned electric utility holding company whose business is conducted primarily through its subsidiary, Arizona Public Service Company (APS), which generates, transmits and distributes regulated electricity in Arizona. APS serves residential, commercial and industrial customers, along with wholesale buyers, and supplies power through owned or leased generation and purchased-power agreements. Pinnacle West’s single reportable segment is regulated electricity, encompassing APS’s retail and wholesale utility operations and related activities. Its other active subsidiaries are El Dorado Investment Company and PNW Power. APS serves approximately 1.4 million customers and owns or leases 6,257 MW of regulated generation capacity. In fiscal 2025, clean resources—including nuclear, renewables, demand-side management and clean-resource purchases—provided approximately 58% of APS’s energy supply. APS’s portfolio includes the Palo Verde nuclear generating station, natural-gas and coal plants, solar facilities, energy storage, and contracted renewable resources. APS and its affiliates have provided energy and related products in Arizona since 1886. Its website is www.pinnaclewest.com.
Company details
- Sector
- Utilities
- Industry (SIC)
- Electric, Gas & Water
- Headquarters
- PHOENIX, AZ
- Fiscal year end
- December
- CIK
- 764622
- SIC
- 4911
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Pinnacle West Capital — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Pinnacle West Capital’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Pinnacle West Capital’s bonds, as funds hold them
Funds report holding 27 issues of Pinnacle West Capital’s debt, $1.34B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.91%, maturing 2026 to 2055.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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