Pinnacle West Capital Corporation
PNW · Price history
Price at last available close
$104.87
+$11.47 (+12.28%) 1M
2026-10-28
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Company & revenue
About Pinnacle West Capital Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
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.
How they make money
Pinnacle West Capital Corporation is an investor-owned electric utility holding company that generates, transmits, and distributes electricity primarily through its subsidiary, Arizona Public Service Company (APS). The company earns revenue by providing regulated retail and wholesale electric service to customers across Arizona, with rates and operations overseen by regulatory commissions.
Products & services
Regulated retail and wholesale electricity services, including the generation, transmission, and distribution of electric power to residential, commercial, and industrial customers.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Fuel and energy suppliers — Various entities providing coal, natural gas, and nuclear fuel for electricity generation; specific supplier names are unnamed.Source
Strengths
- Significant customer and sales growth in the Arizona service territorySource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
34
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
43
Weak
Financial Strength
31
Business Quality / Moat
39
Management
45
Growth Quality
50
Risk / Durability
70
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
40
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
40/100
Building Historical Record
Model Score 40/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Asset quality scores strongly
- •Elevated debt risk
- •M&A headline · Aug 31, 2026
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for PNW
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can PNW maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can PNW fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is PNW's debt load manageable relative to cash generation, interest costs and upcoming maturities?
Essential Investment Snapshot
Wall Street Score
34
Opportunity Score
40
Market Cap
$12.71B
P/E Ratio
19.2
EPS
$5.32
52-Week High
$111.16
52-Week Low
$86.18
Beta
0.42
Intrinsic Value
$122.73
Analyst Target
$104.00
Shares Outstanding
122.0M
Total Revenue
$5.55B
Total Debt
$11.37B
Dividend Yield (TTM)
3.47%
Liquidation Value / Share
$58.01
Dividend / Share (TTM)
$3.64
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Building upward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for PNW
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Elevated debt risk
Total debt is at least one year of revenue • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Aug 31, 2026
87,891 Shares in Pinnacle West Capital Corporation $PNW Acquired by Corient Private Wealth LP — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldCommunity Sentiment
0 active · 0 total callsNo personal call yet on PNW.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Significant customer and sales growth in the Arizona service territory.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
- −Regulatory and legislative risks regarding rate-setting and cost recovery.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
37
Oct 1, 2026
Change
-3.1
points
Current Score
34
Oct 15, 2026
Category Changes
PNW decreased 3.1 points because Capital declined by 4 points, Valuation declined by 12.7 points.
Negative Contributors
- − Capital declined by 4 points
- − Valuation declined by 12.7 points
Projected Score
Projected Score
30
Projected Change
-3.4 points
Preliminary comparable-period financial changes suggest decline of approximately 3.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$104.87
Model Intrinsic Value
$122.73
Difference
−$17.86
-14.6% vs IV
Margin of Safety
14.6%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.55B | $5.34B | $5.12B | $4.70B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $2.95B | $3.12B | $2.99B | $2.85B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $2.61B | $2.22B | $2.14B | $1.84B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $1.47B | $1.15B | $1.13B | $1.02B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $2.22B | $2.13B | $2.07B | $1.78B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $1.14B | $1.07B | $1.01B | $824.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $463.3M | $422.0M | $377.5M | $331.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $761.4M | $738.4M | $736.6M | $595.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $110.4M | $106.7M | $110.5M | $76.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $640.1M | $616.5M | $608.8M | $501.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $5.32 | $5.15 | $5.35 | $4.42 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 121M | 120M | 114M | 113M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 124M | 122M | 116M | 114M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.46B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$1.43
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-18.8%
Cash Change
-51.6%
Margin Change
-1.9 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels. Pressure indicators included EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 7.1%. EPS declined 9.5%. Cash declined 51.6%. Total debt declined 18.8%. Net income margin declined by 1.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
30
Smart Money
30
Number of Gurus
2
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · PNW
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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