Pinnacle West Capital (PNW) FY2024 10-K Annual Report
Pinnacle West Capital (PNW) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Pinnacle West Capital FY2024 10-K Analysis
Business Overview
- • Core business model: regulated electric utility providing electricity through Arizona Public Service (APS)
- • Leadership change effective April 1, 2025, with Theodore N. Geisler replacing Jeffrey B. Guldner as CEO and Chairman of Pinnacle West and APS
Management Discussion & Analysis
- • Revenue details and YoY change not explicitly disclosed in text
- • No specific profitability or margin percentages provided in the section
Risk Factors
- • Regulatory/legal: APS wildfire deferral request with Arizona Corporation Commission on August 14, 2024, for wildfire management O&M expenses and insurance cost recovery
- • Geopolitical/macroeconomic: Inflation impact managing 1.6% Phoenix and 2.9% national inflation in 2024 with tariffs escalating costs and supply chain constraints
Pinnacle West Capital FY2024 Key Financial MetricsXBRL
Revenue
$5.1B
▲ +9.1% YoY
Net Income
$609M
▲ +21.4% YoY
Operating Margin
19.7%
▲ +219bp YoY
Net Margin
11.9%
▲ +120bp YoY
ROE
9.0%
▲ +89bp YoY
Total Assets
$26.1B
▲ +5.8% YoY
EPS (Diluted)
$5.24
▲ +18.8% YoY
Operating Cash Flow
$1.6B
▲ +33.3% YoY
Source: XBRL data from Pinnacle West Capital FY2024 10-K filing on SEC EDGAR. All figures in USD.
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