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Pinnacle West Capital Corp (PNW) stock

PNWNYSEElectric ServicesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 4/309% above fair value
$107.03−0.88 (-0.82%)

Close on Nov 12, 2026Market cap $12.97BP/E 20.5Yield 3.37%

Pinnacle West Capital Corp grew revenue 5.7% to $5.55B over the twelve months to Jun 30, 2026. Operating income rose 14.4% to $1.14B, moving the operating margin from 19.0% to 20.5%. Free cash flow was -$878.54M. At the latest close the market valued the company at $12.97B, 20.5 times its earnings.

Revenue
$5.55B
+5.7% vs. a year earlier
Operating income
$1.14B
+14.4% vs. a year earlier
Free cash flow
-$878.54M
TTM Q2 2026
EPS, diluted
$5.22
+7.6% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026

Valuation

Market cap
$12.97B
P/E ratio
20.5
Price to sales
2.34
Price to book
1.84
Dividend yield
3.37%
Free cash flow yield
-6.77%

Fundamentals

Revenue
$5.55B
EPS, diluted
$5.22
Free cash flow
-$878.54M
Book value per share
$56.51
Diluted shares
124M

Trading

Next earnings
Feb 24, 2027 (estimated, before the open)
Previous close
$107.91
Open
$106.55
Day's range
$106.55 – $109.00
Volume
2,312,971
Average volume (20 days)
1,749,270
Index membership
S&P 500, Russell 1000, Russell 3000
Beta (5 years)
0.36
52-week range
$86.18 – $111.16
RSI (14 days)
60.7
Volatility (1 year)
17.4%
Relative volume
1.79×
WACC
5.8%

Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2009, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodPNWS&P 500DifferencePNW per yearS&P 500 per year
1 month+7.1%-2.7%+9.8 pts
3 months+6.6%-1.7%+8.3 pts
Year to date+24.0%+11.9%+12.2 pts
1 year+23.7%+12.0%+11.7 pts
3 years+70.1%+78.2%−8.1 pts+19.4%+21.2%
5 years+101.5%+73.2%+28.3 pts+15.0%+11.6%
10 years+114.5%+309.6%−195.2 pts+7.9%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$5.55B+5.7% YoY

Gross profit

$3.48B+3.3% YoY

Operating income

$1.14B+14.4% YoY

EPS, diluted

$5.22+7.6% YoY

Free cash flow

-$878.54M
Reported periodTrailing twelve months

Press releases

Releases Pinnacle West Capital filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Pinnacle West Capital

Electric Services

Pinnacle West is an investor-owned electric utility holding company that operates primarily through its main subsidiary, Arizona Public Service Company, alongside active units El Dorado and PNW Power. The company conducts business through a regulated electricity segment encompassing power generation, transmission, and distribution. It delivers traditional retail and wholesale electricity services to approximately 1.4 million customers, serving native load accounts that include individuals and businesses across its service area.

Company profile, executives and history

Pinnacle West Capital stock: common questions

What is Pinnacle West Capital's stock price?

PNW closed at $107.03 on Nov 12, 2026, down 0.82% on the day. Over the past 52 weeks it traded between $86.18 and $111.16.

What is Pinnacle West Capital's market cap?

Pinnacle West Capital was worth $12.97B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is PNW's P/E ratio?

PNW trades at 20.5 times earnings, based on diluted earnings per share of $5.22 over the twelve months to Jun 30, 2026.

How much revenue does Pinnacle West Capital make?

Pinnacle West Capital reported revenue of $5.55B for the twelve months to Jun 30, 2026, up 5.7% from a year earlier.

Does Pinnacle West Capital pay a dividend?

Yes. Pinnacle West Capital paid $3.61 per share over the last twelve months, a yield of 3.37% at the latest price, and has raised its annual dividend 12 years in a row.

When does Pinnacle West Capital report earnings next?

Pinnacle West Capital is expected to report Q4 FY2026 results on Feb 24, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has PNW stock performed over the past year?

Including dividends, PNW returned +23.7% over the past year, against +12.0% for the S&P 500.

How many PNW shares are sold short?

13M shares were sold short at the latest FINRA report, 10.83% of the float, or 9.2 days of average trading volume.

Who are Pinnacle West Capital's competitors?

Companies most similar to Pinnacle West Capital by business, industry and size include PPL, POR, TXNM, WELPP, IDA.

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