PINNACLE WEST CAPITAL CORP FY 2025 10-K, explained in plain English

PNW · 10-K for the period ending December 31, 2025, filed February 25, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue	$5.3B
Gross margin	— not reported
Operating income	$1.1B
Net income	— not reported
Diluted EPS	$5.05
Cash & equivalents	$6.6M
Total assets	$30.0B
Long-term debt	$9.2B

Key takeaway

Pinnacle West reported $5.34 billion in revenue and $738.4 million in pre-tax income for fiscal 2025, driven almost entirely by its regulated utility subsidiary APS.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash of only $6.6 million against $9.81 billion in total debt and capital lease obligations shows the company relies heavily on external financing and revolving credit rather than on-hand liquidity.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for PNW.

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