Pinnacle West 2025 net income rises to $616.5 million; full-year EPS falls to $5.05
Pinnacle West reported fourth-quarter and full-year 2025 results. Net income attributable to common shareholders rose to $616.5 million, or $5.05 per diluted share, for 2025, compared with $608.8 million, or $5.24 per diluted share, in 2024, so the per-share figure declined even as profit grew. The company also continued its 2026 EPS guidance of $4.55 to $4.75 per diluted share on a weather-normalized basis.
Key points
- Full-year 2025 operating revenues were $5.34 billion, up from $5.12 billion in 2024.
- Fourth-quarter 2025 net income was $15.4 million, or $0.13 per diluted share, compared with a net loss of $6.8 million, or $(0.06) per diluted share, in the fourth quarter of 2024.
- The company continued its 2026 EPS guidance of $4.55 to $4.75 per diluted share on a weather-normalized basis.
- Full-year diluted weighted-average shares rose to 121.971 million from 116.232 million in 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.