What’s the current market cap for Pinnacle West stock?

Pinnacle West (PNW) has a market cap of $12bn as of June 22, 2026.

What is the P/E ratio for Pinnacle West stock?

The price to earnings (P/E) ratio for Pinnacle West (PNW) stock is 19.24 as of June 22, 2026.

Does Pinnacle West stock pay dividends?

Yes, the Pinnacle West (PNW) stock pays dividends to shareholders. As of June 22, 2026, the dividend rate is $3.625 and the yield is 3.56%. Pinnacle West has a payout ratio of 65.18% on a trailing twelve-month basis.

When is the next Pinnacle West dividend payment date?

The next Pinnacle West (PNW) dividend payment date is unconfirmed.

What is the beta indicator for Pinnacle West?

Pinnacle West (PNW) has a beta rating of 0.45. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

Buy Pinnacle West stock | $PNW Share Price

About Pinnacle West

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility serving approximately 1.4 million customers across a 35,000-square-mile territory in central Arizona, including the Phoenix area. APS owns or leases 6.5 gigawatts of power generation capacity, including a 29% ownership stake in one of the largest nuclear plants in the US, Palo Verde. Half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

Ticker

$PNW

Sector

Utilities

Primary listing

NYSE

Employees

6,610

Headquarters

Phoenix, United States

Website

www.pinnaclewest.com

Pinnacle West Metrics

BasicAdvanced

$12bn

19.24

$5.32

0.45

$3.63

3.56%

What the Analysts think about Pinnacle West

Analyst ratings (Buy, Hold, Sell) for Pinnacle West stock.

Bulls say / Bears say

PNW’s Q1 2026 net income rebounded to a $32.9 million profit ($0.27 per share) from a loss a year ago, exceeding consensus by $0.30, driven by higher transmission revenues, lower O&M expenses, favorable weather, and 2.2% customer growth (Pinnacle West Q1 Press Release)

Management maintained its full-year 2026 EPS guidance of $4.55–$4.75 per share on a weather-adjusted basis after the Q1 results, highlighting confidence in earnings outlook despite seasonal demand swings (Pinnacle West FY Press Release)

The company completed its largest-ever annual capital plan at APS and intends to invest more than $2.5 billion annually through 2028 to strengthen grid reliability and support customer growth in its Arizona service area (Pinnacle West 2026 Proxy Statement)

The outcome of APS’s 2025 Rate Case, filed June 13, 2025 and seeking a $579.5 million net base rate increase, is still uncertain. ACC staff and consumer advocates have proposed smaller rate hikes and lower returns, which could delay cost recovery and negatively affect future earnings (APS 10-Q Filing)

Q1 2026 results were heavily influenced by unusually hot weather, leading to higher customer usage that might not continue in milder months. This creates volatility for near-term sales and EPS (Pinnacle West Q1 Press Release)

PNW trades at about 21× forward earnings, above the sector peer average near 20×. This limits potential for further multiple expansion and makes the stock more vulnerable to valuation declines during a broader market sell-off (Reuters via SahmCapital)

Data summarised monthly by Lightyear AI. Last updated on 2 Jun 2026.

Pinnacle West Financial Performance

Revenues and expenses

QuarterlyAnnual

Q3 24

QoQ growth

Revenue

$37bn

-39.75%

Net income

$45bn

107.52%

Profit margin

37.65%

6.78%

Pinnacle West Earnings Performance

Company profitability

QuarterlyAnnual

Q4 23

Q1 24

Q2 24

Q3 24

Q4 24

Actual

$3.69

$2.85

$2.45

$2.42

-

Expected

$3.55

$2.61

$2.05

$2.31

$3.94

Surprise

3.94%

9.20%

19.51%

4.63%

-

Pinnacle West News

AllArticlesVideos

Pinnacle West Reports 2026 First-Quarter Financial Results

Business Wire·2 months ago

Pinnacle West Declares Quarterly Dividend

Business Wire·2 months ago

Pinnacle West Sets Date for 2026 First-Quarter Financial Results, Webcast/Conference Call

Business Wire·3 months ago

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