Pinnacle West Capital (PNW) Revenue — Quarter Ended Dec 31, 2024
Quarterly revenue declined substantially from the prior quarter but rose compared to the same period a year earlier. The sequential drop reflects a typical seasonal pattern, while the year-over-year gain indicates underlying growth.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Quarterly revenue declined substantially from the prior quarter but rose compared to the same period a year earlier. The sequential drop reflects a typical seasonal pattern, while the year-over-year gain indicates underlying growth.
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
-38.1%
Change from the immediately preceding quarter.
Year-over-year
+10.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.1B
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, 2024 | $951.7M | +0.7% |
| Jun 30, 2024 | $1.3B | +16.7% |
| Sep 30, 2024 | $1.8B | +8.0% |
| Dec 31, 2024 | $1.1B | +10.5% |
Revenue performance
Revenue for the quarter was lower than the immediately preceding quarter. On an annual basis, revenue increased relative to the same quarter one year ago.
Quarterly comparison
Compared to the prior quarter, revenue contracted sharply. However, versus the same quarter last year, revenue was higher.
What to watch
Monitor whether the sequential revenue decline is in line with historical seasonal trends or signals a change in demand.