Pinnacle West Capital (PWC) Price & Analysis
PWC Stock Chart & Stats
- Day’s Range
- N/A
- 52-Week Range
- N/A
- Previous Close
- N/A
- Volume
- N/A
- Average Volume (3M)
- N/A
- Market Cap
- CHF 10.61B
- Enterprise Value
- CHF 29.86B
- Total Cash (Recent Filing)
- CHF 9.12M
- Total Debt (Recent Filing)
- CHF 11.37B
- Price to Earnings (P/E)
- 20.0
- Beta
- N/A
- Next Earnings
- Nov 03, 2026
- EPS Estimate
- 2.74
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Regulated Utility Model
APS operates under regulated tariffs and commission oversight, providing a framework for cost recovery and an allowed return on its rate base. This supports comparatively durable earnings visibility while continued investment in generation, transmission, and distribution can expand the long-term earnings base.
Structural Customer And Load Growth
Strong customer additions, commercial and industrial demand, and record peak usage indicate that Arizona load growth is broadening the utility’s underlying demand base. Persistent volume expansion can support rate-base investment, infrastructure utilization, and earnings growth over the next several quarters.
Attractive Service Territory And Scale
APS’s large customer base, substantial generation portfolio, and exposure to a growing Arizona market provide meaningful operating scale and a durable local position. Diverse residential and non-residential demand, including semiconductor and data-center activity, supports sustained system expansion.
Bears Say
Elevated Leverage
The sharp increase in debt relative to equity reduces financial flexibility and makes the company more sensitive to interest costs and financing conditions. Elevated leverage can constrain capital allocation and increase the burden of funding the infrastructure required to serve ongoing load growth.
Persistent Negative Free Cash Flow
Capital spending has consistently exceeded internally generated cash, while operating cash flow has covered only about 0.57–0.61 of net income recently. This weak cash conversion increases reliance on debt or equity financing and can limit flexibility during an intensive investment cycle.
Capital And Regulatory Execution Risk
Additional generation investment may increase funding and execution demands beyond current capital guidance, while regulatory timing can affect when costs and returns are reflected in rates. Together, these factors create uncertainty around project delivery, financing needs, and earnings realization.
Pinnacle West Capital News
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Pinnacle West Capital Stock Smart Score
Company Description
Pinnacle West Capital
Pinnacle West Capital Corporation (PNW), primarily operating through its Arizona Public Service Company (APS) subsidiary, delivers retail and wholesale electricity services predominantly within Arizona. The company manages the full scope of electricity provision, encompassing generation, transmission, and distribution, leveraging a diverse energy portfolio that includes coal, nuclear, natural gas, oil, and solar power facilities. Its robust infrastructure for power delivery features approximately 5,814 pole miles of overhead transmission lines and roughly 74 miles of subterranean transmission lines. For distribution, the company maintains about 11,258 miles of overhead lines and an estimated 22,821 miles of underground primary cabling. This network is further supported by 475 owned and managed transmission and distribution substations. PNW possesses or leases roughly 6,323 megawatts of regulated power generation capacity and supplies electricity to an estimated 1.3 million customers. Established in 1985, Pinnacle West Capital Corporation's corporate headquarters are situated in Phoenix, Arizona.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Theodore N. Geisler
- Employees
- 6,610
- Website
- www.pinnaclewest.com
- Address
- 400 North Fifth Street, Phoenix, AZ, 85072-3999, US
Pinnacle West Capital (PWC) Earnings & Revenues
PWC Company Deck
PWC Earnings Call
Earnings Call SentimentPositive
The call emphasized substantial and diversified load growth (weather-normalized sales +9.6%, C&I +12.7%), large economic catalysts (TSMC incremental $100B), record demand, and continued investments in generation and transmission with constructive financing actions and reiterated full-year guidance (expecting to finish at top end of $4.55–$4.75). Offsetting these positives were near-term earnings pressures from higher interest and depreciation, a Q2 EPS decline of $0.15, a transmission true-up timing impact, and additional capital and gas supply execution risks (e.g., Cholla conversion and pipeline development). Overall the growth drivers, strategic investments, strong customer metrics and maintained guidance materially outweigh the near-term financial and execution headwinds.
View all CH:PWC earnings summariesPWC Net sales Breakdown
- 47.59% Residential Retail Electric Service
- 47.62% Non-Residential Retail Electric Service
- 2.03% Wholesale Energy Sales
- 2.43% Transmission Services for Others
- 0.33% Other
