PNW Arizona Public Service Dashboard

Arizona Public Service Company (“APS”), which is a wholly-owned subsidiary of the Company, is subject to rate regulation by the Arizona Corporation Commission (the “ACC”), which has jurisdiction with respect to the rates charged by public service utilities in Arizona. Management has determined it meets the requirements under accounting principles generally accepted in the United States of America to prepare its financial statements applying the specialized rules to account for the effects of cost-based rate regulation. Accounting for the economics of rate regulation impacts multiple financial statement line items and disclosures, such as property, plant and equipment; regulatory assets and liabilities; operating revenues; fuel and purchased power; operations and maintenance expense; and depreciation expense.

Company profile

Ticker

PNW

Exchange

NYSE

Website

www.arizonagoessolar.org

Incorporated

Arizona

Location

Arizona

Fiscal year end

Dec 31

Industry (SIC)

Electric & Other Services Combined

Duke Energy • Pacific Gas & Electric • PG&E • LG&E & KU Energy • Consolidated Edison • Consolidated Edison Co Of New York • San Diego Gas & Electric • Public Service Electric & Gas • Public Service Enterprise • Xcel Energy ...

SEC CIK

0000007286

Corporate docs

Articles of Incorporation & Bylaws

IRS number

860011170

News

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Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $83

21 Jun 21

Morgan Stanley analyst Stephen Byrd maintains Pinnacle West Capital (NYSE:PNW) with a Equal-Weight and raises the price target from $81 to $83.

Barclays Maintains Overweight on Pinnacle West Capital, Raises Price Target to $100

25 May 21

Barclays analyst Eric Beaumont maintains Pinnacle West Capital (NYSE:PNW) with a Overweight and raises the price target from $95 to $100.

How Does Pinnacle West Capital's Debt Look?

18 May 21

Shares of Pinnacle West Capital (NYSE:PNW) rose by 11.79% in the past three months. Before having a look at the importance of debt, let us look at how much debt Pinnacle West Capital has.

Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $81

18 May 21

Wells Fargo Downgrades Pinnacle West Capital to Equal-Weight, Raises Price Target to $94

11 May 21

Press releases

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Pinnacle West Declares Quarterly Dividend

23 Jun 21

Pinnacle West Capital Corporation's (NYSE:PNW) board of directors today declared a quarterly dividend of $0.83 per share of common stock, payable on September 1, 2021, to shareholders of record on August 2,

Pinnacle West Capital Corp. to Host Earnings Call

5 May 21

NEW YORK, NY / ACCESSWIRE / May 5, 2021 / Pinnacle West Capital Corp. (NYSE:PNW) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 5, 2021 at 12:00 PM Eastern Time.To

Pinnacle West Reports 2021 First-Quarter Earnings

5 May 21

Quarterly results in line with company's expectations Customer growth at 2.1% for quarter as Arizona growth remains robust Company well prepared to deliver reliable service through Arizona's extreme summer

APS in Market for More Solar on Path to 100% Clean Energy

3 May 21

Pinnacle West Declares Quarterly Dividend

21 Apr 21

Financial summary

Financial statements Chart PNW financial data

Quarter (USD)	Jun 20	Mar 20	Sep 19	Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Financial report summary

Management Discussion

Pinnacle West’s only reportable business segment is our regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses (primarily sales supplied under traditional cost-based rate regulation) and related activities and includes electricity generation, transmission and distribution.
Our consolidated net income attributable to common shareholders for the year ended December 31, 2020 was $551 million, compared with $538 million for the prior year. The results reflect an increase of approximately $13 million for the regulated electricity segment primarily due to higher revenue driven by the effects of weather and lower refunds in the current year related to the Tax Act, higher pension and other postretirement non-service credits and higher revenue from customer growth, partially offset by higher income taxes, including lower amortization of excess deferred taxes, higher depreciation and amortization expense, and higher other expenses. Weather had a significant impact on our result of operations due to the hotter than normal weather in 2020 compared to 2019.
Operations and maintenance. Operations and maintenance expenses increased $14 million for the year ended December 31, 2020 compared with the prior-year period primarily because of:

Content analysis

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From filing 10-Q 2021 Q1