Pinnacle West Capital (PNW) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the quarter. The growth was evident both sequentially and compared to the same period last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the quarter. The growth was evident both sequentially and compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
+46.0%
Change from the immediately preceding quarter.
Year-over-year
+11.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.7B
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 |
|---|---|---|
| Dec 31, 2022 | $1B | +26.3% |
| Mar 31, 2023 | $945M | +20.6% |
| Jun 30, 2023 | $1.1B | +5.7% |
| Sep 30, 2023 | $1.6B | +11.4% |
Revenue performance
The quarter's revenue rose, reflecting higher operational activity.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. Year-over-year, revenue also posted an increase.
What to watch
Monitor the company's exposure to property tax changes and regulatory risks as noted in the filing.