Pinnacle West Capital (PNW) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reporting quarter increased compared to both the prior quarter and the same period a year ago. The trend reflects a continuation of growth from earlier periods.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reporting quarter increased compared to both the prior quarter and the same period a year ago. The trend reflects a continuation of growth from earlier periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+35.1%
Change from the immediately preceding quarter.
Year-over-year
+8.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$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 |
|---|---|---|
| Dec 31, 2023 | $991.6M | -1.8% |
| Mar 31, 2024 | $951.7M | +0.7% |
| Jun 30, 2024 | $1.3B | +16.7% |
| Sep 30, 2024 | $1.8B | +8.0% |
Revenue performance
The company posted a rise in revenue for the quarter. The sequential gain was significant.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher. Relative to the same quarter one year earlier, revenue also rose.
What to watch
Monitor property tax rate changes and actuarial assumptions for pensions, as these factors are noted in the filing as affecting future results.