Pinnacle West Capital Corporation (N:PNW)
Business Focus: Electric Utilities
| Sector: Utilities | Industry: Electric Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 400 NORTH FIFTH STREET, MS 8695 PHOENIX AZ 85004 |
| Tel: | 1-602-2503334 |
| Website: | https://www.pinnaclewest.com |
| IR: | See website |
| Key People | ||
| Jeffrey B. Guldner Chairman of the Board, President, Chief Executive Officer | Paul J. Mountain Vice President, Treasurer - Pinnacle West and APS | Andrew D. Cooper Senior Vice President, Chief Financial Officer of the Company and APS |
| Theodore N. Geisler President - Arizona Public Service Co. | Robert E. Smith Executive Vice President, General Counsel, Chief Development Officer | Adam C. Heflin Executive Vice President, Chief Nuclear Officer - PVGS, of APS |
| Jacob Tetlow Executive Vice President, Operations - APS | Donna M. Easterly Senior Vice President - Human Resources of APS | Jose Esparza Senior Vice President, Public Policy of APS | Elizabeth A. Blankenship Chief Accounting Officer, Vice President, Controller of the Company and APS |
| Business Overview |
| Pinnacle West Capital Corporation is an energy holding company that conducts business through its subsidiaries, Arizona Public Service Company (APS), El Dorado Investment Company (El Dorado) and Pinnacle West Power, LLC. The Company's business segment is its regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission, and distribution. APS provides electric service to approximately 1.4 million customers. APS is also the operator and co-owner of Palo Verde, a primary source of electricity for the southwest United States and the nuclear power plant in the United States. El Dorado owns debt investments and minority interests in several energy-related investments and Arizona community-based ventures. Palo Verde is a three-unit nuclear power plant located approximately 50 miles west of Phoenix, Arizona. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Pinnacle West Capital Corporation revenues increased 9% to $4.7B. Net income before extraordinary items increased 4% to $465M. Revenues reflect Retail Electric Service segment increase of 14% to $4.34B, Transmission Services for Others segment increase of 19% to $138.6M. Net income was partially offset by Fuel and purchased power increase of 10% to $1.79B (expense). |
| Employees: | 81 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $17,503M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,696M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,679M as of Dec 31, 2023 |
| Net annual income (TTM): | $501.56M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1,025M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $9,020M as of Dec 31, 2023 |
| Shares outstanding: | 113,557,303 as of Mar 14, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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