Pinnacle West Capital (PNW) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The reported performance reflects higher revenue levels.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The reported performance reflects higher revenue levels.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+18.7%
Change from the immediately preceding quarter.
Year-over-year
+5.7%
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 |
|---|---|---|
| Sep 30, 2022 | $1.5B | +12.4% |
| Dec 31, 2022 | $1B | +26.3% |
| Mar 31, 2023 | $945M | +20.6% |
| Jun 30, 2023 | $1.1B | +5.7% |
Revenue performance
Revenue growth was driven by operational factors, with the company reporting a positive direction for the quarter.
Quarterly comparison
Compared to the prior quarter, revenue showed an increase. When measured against the same period a year ago, revenue also rose.
What to watch
Monitor how future regulatory and property tax changes may affect financial results.