Pinnacle West Capital (PNW) Revenue — Quarter Ended Sep 30, 2025
Revenue for the quarter rose strongly compared with the immediately preceding quarter and also increased modestly from the same period a year earlier. The sequential growth was the largest among recent quarters, while the year-over-year gain moderated from the prior quarter's pace.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the quarter rose strongly compared with the immediately preceding quarter and also increased modestly from the same period a year earlier. The sequential growth was the largest among recent quarters, while the year-over-year gain moderated from the prior quarter's pace.
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
+34.0%
Change from the immediately preceding quarter.
Year-over-year
+2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
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, 2024 | $1.1B | +10.5% |
| Mar 31, 2025 | $1B | +8.5% |
| Jun 30, 2025 | $1.4B | +3.8% |
| Sep 30, 2025 | $1.8B | +2.9% |
Revenue performance
The company reported higher revenue for the quarter, reflecting a significant sequential acceleration.
Quarterly comparison
Compared with the prior quarter, revenue grew substantially; compared with the same quarter last year, revenue also increased, though the year-over-year gain narrowed relative to the previous quarter's comparable measure.
What to watch
The moderation in year-over-year growth rate warrants monitoring in upcoming quarters.