Pinnacle West Capital Corporation (PNW) / Arizona Public Service (APS) Q3 2025 Summary
Financial Performance & Capital Structure For the nine months ended September 30, 2025, PNW consolidated net income slightly decreased to $601M (from $616M in 2024), pressured by higher interest expenses, although revenues grew to $4.21B. Diluted EPS declined to $4.93 from $5.32 due to increased share counts arising from equity financing programs. Quarterly performance was stronger, with Q3 Net Income rising to $413.2M (vs. $395.0M in 2024). The dividend increased modestly to $1.79 YTD per s
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