Pinnacle West Capital (PNW) Revenue — Quarter Ended Mar 31, 2025
Revenue in the most recent quarter declined from the immediately preceding quarter but increased compared with the same quarter one year earlier. The sequential decline follows a prior period of growth, while the year-over-year gain reflects continued expansion.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue in the most recent quarter declined from the immediately preceding quarter but increased compared with the same quarter one year earlier. The sequential decline follows a prior period of growth, while the year-over-year gain reflects continued expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
-5.8%
Change from the immediately preceding quarter.
Year-over-year
+8.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
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 |
|---|---|---|
| Jun 30, 2024 | $1.3B | +16.7% |
| Sep 30, 2024 | $1.8B | +8.0% |
| Dec 31, 2024 | $1.1B | +10.5% |
| Mar 31, 2025 | $1B | +8.5% |
Revenue performance
Revenue fell from the previous quarter but rose relative to the same period a year ago, indicating contrasting short-term and longer-term trends.
Quarterly comparison
Compared with the December quarter, revenue was lower. Compared with the March quarter a year earlier, revenue was higher.
What to watch
Property tax rates and interest expense, as highlighted in the management discussion, are key factors that may influence future revenue and profitability.