Pinnacle West Capital (PNW) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined significantly from the immediately preceding quarter and was also slightly below the same quarter a year earlier. This resulted in a decrease in the reported revenue direction for the period.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined significantly from the immediately preceding quarter and was also slightly below the same quarter a year earlier. This resulted in a decrease in the reported revenue direction for the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$991.6M
Revenue reported for this quarter.
Quarter-over-quarter
-39.5%
Change from the immediately preceding quarter.
Year-over-year
-1.8%
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 |
|---|---|---|
| Mar 31, 2023 | $945M | +20.6% |
| Jun 30, 2023 | $1.1B | +5.7% |
| Sep 30, 2023 | $1.6B | +11.4% |
| Dec 31, 2023 | $991.6M | -1.8% |
Revenue performance
The quarter-over-quarter drop was sharp, while the year-over-year comparison showed a modest decline.
Quarterly comparison
Compared to the prior quarter, revenue fell substantially. Compared to the same quarter last year, revenue was marginally lower.
What to watch
The trend of revenue changes across recent quarters may provide context for future performance.