Pinnacle West Capital PNW · USD
Utilities · Electric Utilities · US listing · 🇺🇸 United States
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105.26
+1.00%
Close of 9 Nov 2026, in USD
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About Pinnacle West Capital
From its filings with the US Securities and Exchange Commission
Pinnacle West Capital is based in Phoenix, Arizona and is incorporated in Arizona. Its shares trade on NYSE under the ticker PNW. It is a member of the S&P 500. The SEC classifies its business as electric services. In the fiscal year to 31 December 2025, it reported revenue of $5.34bn and net income of $631.6m. At that date it held total assets of $30.03bn and shareholders' equity of $7.05bn.
Our reportable business segment is our regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission, and distribution. Our reportable business segment activities are conducted primarily through our wholly-owned subsidiary, APS.
APS currently provides electric service to approximately 1.4 million customers. We own or lease 6,257 MW of regulated generation capacity, and we hold a mix of both long-term and short-term PPAs for additional capacity. During 2025, no single purchaser or user of energy accounted for more than 1.9% of our electric revenues.
The following map shows APS’s retail service territory, including the locations of its generating facilities and principal transmission lines.
APS has a diverse portfolio of existing and planned resources, including biomass, biogas, coal, energy storage, geothermal, natural gas, solar, and wind. APS has an aspirational goal to be carbon-neutral by 2050, meaning that for any GHG emissions still produced by generation resources in 2050, APS will aim to offset these emissions elsewhere. In 2025, the share of APS’s energy supply derived from clean resources was approximately 58%, which includes energy from nuclear, renewables, and DSM as well as PPAs with clean resources. Maintaining a balanced and diverse portfolio of resources helps ensure continued reliable service to our customers in the most affordable manner possible.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Electric Utilities
- Listed since
- 28 Aug 1961
- Employees
- 6,610
- Website
- pinnaclewest.com ↗
- Head office
- 400 NORTH FIFTH STREET, PHOENIX, AZ, 85004
- Incorporated in
- AZ
- Classification
- Electric Services
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Theodore GeislerChairman of the Board, President, Chief Executive Officer, President - Arizona Public Service Co., since 2020$3.9m
- Mr. Andrew CooperSenior Vice President, Chief Financial Officer of the Company and APS$3.1m
- Mr. Adam HeflinExecutive Vice President, Chief Nuclear Officer - PVGS, of APS$3.4m
- Mr. Robert SmithExecutive Vice President, Chief Legal Officer, Chief Development Officer- Pinnacle West and APS$2.8m
- Mr. Jacob TetlowExecutive Vice President, Chief Operating Officer- APS$3.9m
- Mr. Jose EsparzaSenior Vice President- Public Policy of APS
- Ms. Elizabeth BlankenshipChief Accounting Officer, Vice President, Controller of the Company and APS
- Mr. Paul MountainVice President - Finance, Vice President- Planning of Pinnacle West and APS
- Ms. Paula SimsLead Independent Director$313,385
- Ms. Glynis BryanIndependent Director$269,580
- Mr. Ronald ButlerIndependent Director$211,534
- Mr. Gonzalo De La MelenaIndependent Director$266,976
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 76
- Environment
- 99
- Social
- 95
- Governance
- 35
- Direct emissions (scope 1)
- 10,628,383.35 t
- Energy emissions (scope 2)
- 164,171 t
- Value chain emissions (scope 3)
- 2,535,737 t
- Women in the workforce
- 26%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Pinnacle West Capital Corp possesses several strengths that contribute to its overall performance in the industry. One of its key strengths is its diversified portfolio of energy assets. With a range of utility and non-utility businesses, the company has built a strong foundation for consistent revenue generation.
- Additionally, Pinnacle West Capital Corp benefits from a solid financial position and a strong market presence. Its stable financials provide the company with the ability to invest in new projects, expand operations, and remain competitive in the market.
Weaknesses
- Despite its strengths, Pinnacle West Capital Corp faces certain weaknesses that may hinder its growth potential. One notable weakness is its dependence on regulatory decisions and policies. As a utility company, the company's operations and profitability are significantly impacted by government regulations and changes in energy policies.
- Furthermore, the company's heavy reliance on traditional fossil fuels presents another weakness. As the market shifts towards renewable energy sources, Pinnacle West Capital Corp may face challenges in adapting its business model to align with the evolving energy landscape.
Opportunities
- Pinnacle West Capital Corp has several opportunities to explore and capitalize on in the energy sector. The increasing demand for renewable energy creates an opportunity for the company to expand its renewable energy portfolio and invest in clean energy technologies.
- Moreover, the company can benefit from the ongoing modernization of the energy grid. As smart grid technologies emerge, Pinnacle West Capital Corp can leverage these advancements to enhance operational efficiency, customer experience, and overall profitability.
Threats
- In an ever-changing industry, Pinnacle West Capital Corp faces certain threats that could pose risks to its business. One significant threat is the volatility of energy prices. Fluctuations in fuel costs and energy market conditions can impact the company's profitability, especially in the short term.
- Furthermore, the increasing competition from alternative energy providers poses another threat. As renewable energy sources become more popular, Pinnacle West Capital Corp may face intensified competition from solar, wind, and other clean energy companies.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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