Pinnacle West Capital is the holding company for Arizona Public Service (APS), the largest electric utility in Arizona. APS generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad service territory in the state. The business is a regulated utility model centered on rate-based infrastructure, generation mix evolution and reliable power delivery in a high-growth Sun Belt market.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 1,358.8 | — | 192.6 | -3.6% |
| Q3 2025 | 1,820.7 | — | 413.2 | 7.9% |
| Q4 2025 | 1,128.2 | — | 15.4 | — |
| Q1 2026 | 1,149.6 | — | 32.9 | — |
| Q2 2026 | 1,455.8 | 7.1% | 178.6 | -7.3% |
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