PNW
Pinnacle West Capital Corporati
NYSEUSDEQUITY
Utilities
DELAYED
Last price
97.36
▼ 2.02 (2.03%)
MARKET · —
Price
Open
99.38
Prev close
99.38
Day high
99.56
Day low
97.11
Volume
1.08M
Market cap
$11.80B
P/E (TTM)
18.69
52W range
85.32 – 111.16
Trailing performance
Returnvs SPY
1W
-4.06%
-2.7%
1M
-7.65%
-11.4%
3M
-4.40%
-7.5%
6M
-1.00%
-12.1%
YTD
+9.76%
-2.5%
1Y
+5.47%
-14.5%
3Y
+25.95%
-48.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$11.80B
Enterprise value$28.34B
Revenue (TTM)$5.55B
Gross profit$2.41B
EBITDA$2.15B
Net income$640.11M
EPS (TTM)$5.21
Free cash flow$-929.50M
Total cash$9.12M
Total debt$16.51B
Book value / share$58.05
Shares outstanding121.20M
Float120.53M
Short % of float11.05%
Dividend yield3.74%
Beta (5Y)0.44
Valuation & profitability ratios
Trailing P/E18.69
Forward P/E17.49
PEG ratio3.53
Price / sales—
Price / book1.68
EV / revenue5.10
EV / EBITDA13.19
Gross margin43.35%
Operating margin21.34%
Profit margin11.53%
Return on equity9.37%
Return on assets2.33%
Debt / equity233.29
Current ratio0.59
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $5.34B | $5.12B | $4.70B | $4.32B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $616.53M | $608.81M | $501.56M | $483.60M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $616.53M | $608.81M | $501.56M | $483.60M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.47 | 1.43 | -2.7% |
| Mar 2026 | 0.03 | 0.27 | +814.0% |
| Dec 2025 | 0.05 | 0.13 | +162.1% |
| Sep 2025 | 3.09 | 3.39 | +9.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 3.15 | 5 | $1.84B | +1.2% |
| Next quarter | -0.18 | 5 | $1.15B | +1.6% |
| Current year | 4.71 | 9 | $5.46B | +2.3% |
| Next year | 5.64 | 9 | $5.93B | +8.6% |
Analyst targets & ownership
Mean target$106.08
High target$129.00
Low target$87.00
Implied upside8.95%
Analyst count13
ConsensusHOLD
Strong buy / Buy0 / 4
Hold11
Sell / Strong sell0 / 1
Held by insiders0.15%
Held by institutions110.53%
Institutions holding933
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+145.76K
Net buying
Buy transactions
19
155.11K shares
Sell transactions
3
9.35K shares
Net transactions
+22
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
187.85K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 10, 26 | BLANKENSHIP ELIZABETH A. Officer |
SELL | 980 | $97.18K | Direct |
| Aug 7, 26 | ESPARZA JOSE LUIS JR Divisional Officer |
SELL | 1.80K | $183.62K | Direct |
| May 14, 26 | SIMS PAULA J Director |
STOCK | 1.67K | $166.12K | Direct |
| May 14, 26 | SPENCE WILLIAM H Director |
STOCK | 1.67K | $166.12K | Direct |
| May 13, 26 | TETLOW JACOB Chief Operating Officer |
SELL | 6.57K | $650.13K | Direct |
| Mar 18, 26 | GEISLER THEODORE N Chief Executive Officer |
STOCK | 12.44K | $0 | Direct |
| Mar 18, 26 | HEFLIN ADAM C. Officer of Subsidiary Company |
STOCK | 22.16K | $0 | Direct |
| Mar 18, 26 | COOPER ANDREW D Chief Financial Officer |
STOCK | 18.18K | $0 | Direct |
| Mar 18, 26 | TETLOW JACOB Officer of Subsidiary Company |
STOCK | 20.88K | $0 | Direct |
| Mar 18, 26 | ESPARZA JOSE LUIS JR Divisional Officer |
STOCK | 3.71K | $0 | Direct |
| Mar 18, 26 | BAUM SHIRLEY A General Counsel |
STOCK | 2.78K | $0 | Direct |
| Mar 18, 26 | BLANKENSHIP ELIZABETH A. Officer |
STOCK | 3.10K | $0 | Direct |
| Mar 18, 26 | GEISLER THEODORE N Chief Executive Officer |
STOCK | 24.29K | $0 | Direct |
| Feb 20, 26 | GEISLER THEODORE N Chief Executive Officer |
STOCK | 5.32K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BLANKENSHIP ELIZABETH A. |
Officer | 10.94K | Sale |
COOPER ANDREW D |
Chief Financial Officer | 29.05K | Stock Award(Grant) |
FOX RICHARD P |
Director | 10.63K | Stock Award(Grant) |
GEISLER THEODORE N |
Chief Executive Officer | 50.00K | Stock Gift |
GULDNER JEFFREY B |
Chief Executive Officer | 137.46K | Stock Award(Grant) |
HEFLIN ADAM C. |
Officer of Subsidiary Company | 39.48K | Stock Award(Grant) |
SIMS PAULA J |
Director | 11.03K | Stock Award(Grant) |
SMITH ROBERT EDGAR |
Officer | 18.33K | Stock Award(Grant) |
SPENCE WILLIAM H |
Director | 6.29K | Stock Award(Grant) |
TETLOW JACOB |
Chief Operating Officer | 9.10K | Sale |
Moving averages & technicals
SMA 10
99.86
-2.50% from price
SMA 20
100.98
-3.58% from price
SMA 50
104.09
-6.47% from price
SMA 100
102.86
-5.35% from price
SMA 200
98.05
-0.70% from price
EMA 12
100.11
-2.75% from price
EMA 26
101.64
-4.21% from price
EMA 50
102.53
-5.04% from price
RSI (14)
30.0
Neutral
MACD (12,26,9)
-1.53
Hist -0.19
ATR (14)
1.85
1.90% of price
Realised vol 30D
16.2%
Annualised
Bollinger upper
104.56
20, 2σ
Bollinger lower
97.39
20, 2σ
50 / 200 cross
Golden
104.09 vs 98.05
Trend bias
Below 200
-0.70%
Risk profile
Beta vs SPY
-0.13
Less volatile than market
Correlation to SPY
-0.10
Largely independent
Realised vol 30D
16.2%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-11.0%
Peak to trough
Max drawdown 5Y
-25.8%
Peak to trough
ATR 14
1.85
1.90% of price
Beta (reported)
0.44
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.08
Call-heavy session
Put / call open interest
8.88
Positioning, not flow
Max pain
95.00
-2.4% from spot
ATM implied vol
27.0%
Nearest strike to spot
Skew (10% OTM)
-2.6%
Calls bid over puts
Call volume
101
Contracts, this expiry
Put volume
8
Contracts, this expiry
Heaviest call OI
105.00
6 contracts
Heaviest put OI
95.00
50 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Will PNW's Cost-Control Efforts Support Long-Term Earnings Growth?
Zacks · 18h ago
Pinnacle West Capital Stock: Analyst Estimates & Ratings
Barchart · 23h ago
Morgan Stanley Adjusts PT on Pinnacle West Capital to $94 From $97, Maintains Equalweight Rating
MT Newswires · 1d ago
TD Cowen Adjusts Price Target on Pinnacle West Capital to $106 From $101, Keeps Hold Rating
MT Newswires · 10d ago
Pinnacle West Capital (PNW) Q2 2026 Earnings Call Transcript
Motley Fool · 11d ago
Pinnacle West Capital Q2 Earnings Call Highlights
MarketBeat · 17d ago
Pinnacle West Capital Corporation Q2 2026 Earnings Call Summary
Moby · 17d ago
Pinnacle West Capital Corp (PNW) (Q2 2026) Earnings Call Highlights: Robust Growth Offsets ...
GuruFocus.com · 18d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.