Financial insights of PNW

MyFinsight

For the year ending 2025-12-31, PNW made $5,339,939K in revenue. $616,531K in net income. Net profit margin of 11.55%.

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating revenues (note 4)	5,339,939	5,124,915	4,695,991	4,324,385
Fuel and purchased power	1,933,420	1,822,566	1,792,657	1,629,343
Operations and maintenance	1,185,065	1,165,156	1,058,725	987,072
Depreciation and amortization	915,343	895,346	794,043	753,195
Taxes other than income taxes	234,797	227,395	224,013	220,370
Other expense	3,684	2,389	1,913	2,494
Total	4,272,309	4,112,852	3,871,351	3,592,474
Operating income	1,067,630	1,012,063	824,640	731,911
Allowance for equity funds used during construction (note 1)	61,146	38,620	53,118	45,263
Pension and other postretirement non-service credits, net (note 9)	-12,420	-48,870	-40,648	-98,487
Other income (note 15)	49,406	48,614	33,666	7,916
Other expense (note 15)	30,265	34,136	25,056	52,385
Total	92,707	101,968	102,376	99,281
Interest charges	469,701	425,742	374,887	283,569
Allowance for borrowed funds used during construction (note 1)	47,733	48,270	43,564	28,030
Total	421,968	377,472	331,323	255,539
Income before income taxes	738,369	736,559	595,693	575,653
Income taxes (note 5)	106,726	110,529	76,912	74,827
Net income	631,643	626,030	518,781	500,826
Less net income attributable to noncontrolling interests (note 12)	15,112	17,224	17,224	17,224
Net income (loss) attributable to common shareholders	616,531	608,806	501,557	483,602

Basic EPS	5.15	5.35	4.42	4.27
Diluted EPS	5.05	5.24	4.41	4.26
Basic Average Shares	119,687,000	113,846,000	113,442,000	113,196,000
Diluted Average Shares	121,971,000	116,232,000	113,804,000	113,416,000