PINNACLE WEST CAPITAL CORP PNW 83.87
Utilities · NYSE · Data as of 2026-08-04
PINNACLE WEST CAPITAL CORP (PNW) has delivered +5.1% annualized revenue growth, +2.4% earnings growth, and +4.7% dividend growth over 10 years of data. Ranked #58 of 1968 stocks overall and #5 of 87 in the Utilities sector by Steady Score.
About PINNACLE WEST CAPITAL CORP
Company Overview
Pinnacle West Capital is an electric-utility holding company whose principal subsidiary, Arizona Public Service, generates, transmits and distributes electricity in Arizona. APS serves residential, commercial and industrial customers across a large service territory and operates a mix of nuclear, natural-gas, coal and renewable resources, together with purchased power. It also invests in transmission, distribution, storage and customer infrastructure needed to meet a growing region's electricity demand.
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Business Model & Revenue
Nearly all operating revenue comes from regulated electricity service. Customer growth, usage, weather and approved rates determine revenue, while fuel and purchased-power costs and infrastructure spending shape cash requirements. The Arizona Corporation Commission sets retail rates and determines recovery of prudent investment and operating costs. APS finances long-lived generation and grid assets with operating cash, debt and equity and recovers them over time through customer rates.
Key Facts & Market Position
Pinnacle West's results are driven primarily by APS and the economy and climate of Arizona, one of the faster-growing U.S. states. Peak demand is strongly affected by summer heat, making reliable capacity and grid resilience important. The regulated model offers an established service territory, but returns depend on constructive rate outcomes, project execution and compliance with environmental and reliability rules.