Pinnacle West Capital (PNW) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter decreased sharply from the prior quarter but increased slightly compared to the same quarter last year. The year-over-year gain reflects a continued upward trend, while the sequential drop highlights typical seasonal patterns.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the quarter decreased sharply from the prior quarter but increased slightly compared to the same quarter last year. The year-over-year gain reflects a continued upward trend, while the sequential drop highlights typical seasonal patterns.
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
-38.0%
Change from the immediately preceding quarter.
Year-over-year
+3.0%
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 |
|---|---|---|
| Mar 31, 2025 | $1B | +8.5% |
| Jun 30, 2025 | $1.4B | +3.8% |
| Sep 30, 2025 | $1.8B | +2.9% |
| Dec 31, 2025 | $1.1B | +3.0% |
Revenue performance
The reported revenue direction is downward on a sequential basis and upward on an annual basis.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell significantly. Versus the same quarter one year earlier, revenue posted a modest increase.
What to watch
The magnitude of the sequential decline warrants continued observation in future periods.