PNW Pinnacle West Capital
FY2025 10-K
Pinnacle West Capital (PNW) filed its fiscal year 2025 10-K annual report with the SEC on Feb 25, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Arizona regulated electric utility holding company; ~$30B assets; APS serves ~1.4M customers across 11 of 15 Arizona counties
- • Cholla coal plant ceased operations March 2025, formally retired April 30, 2025; 2025 Rate Case filed seeking recovery of ongoing Cholla environmental remediation costs
Management Discussion & Analysis
- • Revenue $5,340M in 2025 vs $5,125M in 2024, up $215M YoY; retail revenues 95% of total
- • Net income $617M vs $609M, up $8M; operating margin data not explicitly stated in text
Risk Factors
- • ACC/FERC dual regulatory exposure: ACC can reopen and modify final orders; FERC penalties up to ~$1.2M per day per violation under Energy Policy Act of 2005
- • Trump administration tariffs and 2025 U.S. Supreme Court ruling on IEEPA tariff validity creating cost uncertainty; supply chain delays compounding equipment procurement risks
Financial SummaryXBRL
Revenue
$5.3B
Net Income
$617M
Operating Margin
20.0%
Net Margin
11.5%
ROE
8.7%
Total Assets
$30.0B
EPS (Diluted)
$5.05
Operating Cash Flow
$1.8B
Source: XBRL data from Pinnacle West Capital FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other Pinnacle West Capital Annual Reports
Get deeper insights on Pinnacle West Capital
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.