Pinnacle West Capital (PNW) Revenue & Revenue Breakdown

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Pinnacle West Capital Revenue Highlights

Latest Revenue (Y)

$5.34B

Latest Revenue (Q)

$1.82B

Main Segment (Y)

Electric Service

Pinnacle West Capital Revenue by Period

Pinnacle West Capital Revenue by Year

Date	Revenue	Change
2025-12-31	$5.34B	4.20%
2024-12-31	$5.12B	9.13%
2023-12-31	$4.70B	8.59%
2022-12-31	$4.32B	13.68%
2021-12-31	$3.80B	6.05%
2020-12-31	$3.59B	3.34%
2019-12-31	$3.47B	-5.96%
2018-12-31	$3.69B	3.53%
2017-12-31	$3.57B	1.90%
2016-12-31	$3.50B	0.09%
2015-12-31	$3.50B	0.11%
2014-12-31	$3.49B	1.07%
2013-12-31	$3.45B	4.63%
2012-12-31	$3.30B	1.86%
2011-12-31	$3.24B	-0.68%
2010-12-31	$3.26B	-1.01%
2009-12-31	$3.30B	-2.08%
2008-12-31	$3.37B	-4.44%
2007-12-31	$3.52B	3.58%
2006-12-31	$3.40B	13.85%
2005-12-31	$2.99B	3.04%
2004-12-31	$2.90B	2.91%
2003-12-31	$2.82B	6.85%
2002-12-31	$2.64B	-42.06%
2001-12-31	$4.55B	23.34%
2000-12-31	$3.69B	52.27%
1999-12-31	$2.42B	13.74%
1998-12-31	$2.13B	6.79%
1997-12-31	$2.00B	9.75%
1996-12-31	$1.82B	8.86%
1995-12-31	$1.67B	-0.93%
1994-12-31	$1.69B	-1.92%
1993-12-31	$1.72B	-

Pinnacle West Capital generated $5.34B in revenue during NA 2025, up 4.20% compared to the previous quarter, and up 148.87% compared to the same period a year ago.

Pinnacle West Capital Revenue by Quarter

Date	Revenue	Change
2025-09-30	$1.82B	34.00%
2025-06-30	$1.36B	31.63%
2025-03-31	$1.03B	-5.76%
2024-12-31	$1.10B	-38.07%
2024-09-30	$1.77B	35.13%
2024-06-30	$1.31B	37.54%
2024-03-31	$951.71M	-4.02%
2023-12-31	$991.57M	-39.46%
2023-09-30	$1.64B	46.01%
2023-06-30	$1.12B	18.70%
2023-03-31	$944.96M	-6.38%
2022-12-31	$1.01B	-31.33%
2022-09-30	$1.47B	38.45%
2022-06-30	$1.06B	35.50%
2022-03-31	$783.53M	-1.92%
2021-12-31	$798.86M	-38.94%
2021-09-30	$1.31B	30.79%
2021-06-30	$1.00B	43.62%
2021-03-31	$696.48M	-6.00%
2020-12-31	$740.96M	-40.94%
2020-09-30	$1.25B	34.95%
2020-06-30	$929.59M	40.44%
2020-03-31	$661.93M	-1.26%
2019-12-31	$670.39M	-43.70%
2019-09-30	$1.19B	36.95%
2019-06-30	$869.50M	17.42%
2019-03-31	$740.53M	-2.09%
2018-12-31	$756.38M	-40.35%
2018-09-30	$1.27B	30.17%
2018-06-30	$974.12M	40.62%
2018-03-31	$692.71M	-8.81%
2017-12-31	$759.66M	-35.80%
2017-09-30	$1.18B	25.27%
2017-06-30	$944.59M	39.38%
2017-03-31	$677.73M	-8.32%
2016-12-31	$739.20M	-36.65%
2016-09-30	$1.17B	27.48%
2016-06-30	$915.39M	35.18%
2016-03-31	$677.17M	-7.80%
2015-12-31	$734.43M	-38.75%
2015-09-30	$1.20B	34.64%
2015-06-30	$890.65M	32.69%
2015-03-31	$671.22M	-7.60%
2014-12-31	$726.45M	-38.05%
2014-09-30	$1.17B	29.40%
2014-06-30	$906.26M	32.06%
2014-03-31	$686.25M	-1.93%
2013-12-31	$699.76M	-39.28%
2013-09-30	$1.15B	25.83%
2013-06-30	$915.82M	33.37%
2013-03-31	$686.65M	-0.93%
2012-12-31	$693.12M	-37.53%
2012-09-30	$1.11B	26.28%
2012-06-30	$878.58M	41.56%
2012-03-31	$620.63M	-7.08%
2011-12-31	$667.89M	-40.62%
2011-09-30	$1.12B	40.64%
2011-06-30	$799.80M	21.26%
2011-03-31	$659.58M	-3.52%
2010-12-31	$683.61M	-39.99%
2010-09-30	$1.14B	38.81%
2010-06-30	$820.59M	29.51%
2010-03-31	$633.59M	-7.89%
2009-12-31	$687.85M	-39.83%
2009-09-30	$1.14B	36.07%
2009-06-30	$840.05M	33.47%
2009-03-31	$629.39M	0.84%
2008-12-31	$624.17M	-42.21%
2008-09-30	$1.08B	16.60%
2008-06-30	$926.19M	25.72%
2008-03-31	$736.74M	-2.95%
2007-12-31	$759.12M	-

Pinnacle West Capital generated $1.82B in revenue during Q3 2025, up 34.00% compared to the previous quarter, and up 139.09% compared to the same period a year ago.

Pinnacle West Capital Revenue Breakdown

Pinnacle West Capital Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Wholesale Energy	$108.66M	$96.86M	$208.99M	-	-
Electric Service	$2.54B	$2.56B	$2.29B	$187.64M	-
Electric and Transmission Service	$129.67M	$119.04M	$138.63M	-	-
Other Services	-	-	$10.76M	$10.90M	$16.65M
Transmission Services	-	-	$138.63M	$116.63M	$99.28M
Wholesale	-	-	$208.99M	$383.13M	-
Retail Electric Service	-	-	$2.29B	$2.05B	-

Pinnacle West Capital's latest annual revenue breakdown by segment (product or service), as of Dec 25: Electric Service (91.43%), Electric and Transmission Service (4.66%), and Wholesale Energy (3.91%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Electric Service	$400.86M	$963.19M	$654.04M	$524.86M	$476.62M	$966.56M	$658.16M	$43.50M	$108.54M	$18.01M	$17.60M	-	-	-	-	-	-	-	-	-
Electric and Transmission Service	$27.84M	$44.28M	$32.00M	$25.55M	$25.08M	$38.70M	$27.54M	$1.64B	$1.11B	$922.00M	$1.47B	$1.06B	$772.00M	$1.30B	$980.00M	$682.00M	-	-	-	-
Wholesale Energy	$19.61M	$46.33M	$17.89M	$24.82M	$20.43M	$39.30M	$10.26M	$26.86M	$57.80M	$27.28M	$95.60M	$139.74M	$29.90M	$28.90M	-	-	-	-	-	-
Retail Electric Service	-	-	-	-	-	-	-	$461.48M	$453.76M	$883.39M	$542.32M	$409.72M	$398.12M	$743.06M	$537.59M	$367.35M	-	-	-	-
Other Services	-	-	-	-	-	-	-	$2.96M	$2.71M	$4.12M	$2.24M	$1.70M	$3.70M	$2.77M	$2.16M	$2.27M	$4.12M	$1.31M	$6.95M	$4.26M
Transmission Services	-	-	-	-	-	-	-	$27.71M	$30.40M	$43.29M	$33.15M	$31.79M	$25.46M	$36.32M	$29.35M	$25.49M	$21.90M	$35.82M	$22.58M	$18.99M

Pinnacle West Capital's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Electric Service (89.42%), Electric and Transmission Service (6.21%), and Wholesale Energy (4.37%).

Pinnacle West Capital Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
AES	AES	$12.23B	$3.35B
CMS	CMS Energy	$8.54B	$2.02B
EMA	Emera	$7.20B	$1.99B
PNW	Pinnacle West Capital	$5.34B	$1.82B
POR	Portland General Electric	$3.58B	$952.00M
WTRG	Essential Utilities	$2.47B	$476.97M
IDA	IDACORP	$1.81B	$524.42M
OGE	OGE Energy	-	$1.04B

PNW Revenue FAQ

What is Pinnacle West Capital’s yearly revenue?

Pinnacle West Capital's yearly revenue for 2025 was $5.34B, representing an increase of 4.20% compared to 2024. The company's yearly revenue for 2024 was $5.12B, representing an increase of 9.13% compared to 2023. PNW's yearly revenue for 2023 was $4.7B, representing an increase of 8.59% compared to 2022.

What is Pinnacle West Capital’s quarterly revenue?

Pinnacle West Capital's quarterly revenue for Q3 2025 was $1.82B, a 34.00% increase from the previous quarter (Q2 2025), and a 2.94% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $1.36B, a 31.63% increase from the previous quarter (Q1 2025), and a 3.80% increase year-over-year (Q2 2024). PNW's quarterly revenue for Q1 2025 was $1.03B, a -5.76% decrease from the previous quarter (Q4 2024), and a 8.47% increase year-over-year (Q1 2024).

What is Pinnacle West Capital’s revenue growth rate?

Pinnacle West Capital's revenue growth rate for the last 3 years (2023-2025) was 13.71%, and for the last 5 years (2021-2025) was 40.38%.

What are Pinnacle West Capital’s revenue streams?

Pinnacle West Capital's revenue streams in c 25 are Wholesale Energy, Electric Service, and Electric and Transmission Service. Wholesale Energy generated $108.66M in revenue, accounting 3.91% of the company's total revenue, up 12.19% year-over-year. Electric Service generated $2.54B in revenue, accounting 91.43% of the company's total revenue, down -0.78% year-over-year. Electric and Transmission Service generated $129.67M in revenue, accounting 4.66% of the company's total revenue, up 8.93% year-over-year.

What is Pinnacle West Capital’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Pinnacle West Capital was Electric Service. This segment made a revenue of $2.54B, representing 91.43% of the company's total revenue.