Pinnacle West Capital (PNW) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased compared with the immediately preceding quarter but increased compared with the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased compared with the immediately preceding quarter but increased compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$945M
Revenue reported for this quarter.
Quarter-over-quarter
-6.4%
Change from the immediately preceding quarter.
Year-over-year
+20.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.1B | +6.1% |
| Sep 30, 2022 | $1.5B | +12.4% |
| Dec 31, 2022 | $1B | +26.3% |
| Mar 31, 2023 | $945M | +20.6% |
Revenue performance
Reported revenue declined from the prior quarter, while showing growth from the year-ago period.
Quarterly comparison
Sequentially, revenue fell from the prior quarter; on an annual basis, revenue rose against the same quarter last year.
What to watch
The company has planned additions to its facilities, which may affect future financial outcomes.