Pinnacle West Capital Corp. Files 2024 10-K
Ticker: PNW · Form: 10-K · Filed: 2025-02-25T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, utility, electric-services, regulatory
TL;DR
PNW dropped its 2024 10-K. Looks like they're investing big in grid upgrades & clean energy.
AI Summary
Pinnacle West Capital Corp. (PNW) filed its 2024 10-K on February 25, 2025, detailing its operations and financial performance for the fiscal year ending December 31, 2024. The filing covers its primary subsidiary, Arizona Public Service Co. (APS), which is a regulated electric utility. The report outlines the company's business, financial condition, and risk factors, including regulatory matters and capital expenditures necessary for grid modernization and clean energy transition.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Pinnacle West's financial health and strategic direction for the past year, crucial for understanding its future performance and investment potential.
Risk Assessment
Risk Level: medium — The company operates in a heavily regulated industry, making it susceptible to changes in regulatory policy and rate decisions.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K filing.)
- 1231 — Fiscal Year End (Indicates the end date of the reporting fiscal year.)
Key Players & Entities
- PINNACLE WEST CAPITAL CORP (company) — Filer
- ARIZONA PUBLIC SERVICE CO (company) — Subsidiary
- 2024 (date) — Fiscal Year End
- February 25, 2025 (date) — Filing Date
- 400 NORTH FIFTH STREET (location) — Business Address
FAQ
What is the primary business of Pinnacle West Capital Corp.?
Pinnacle West Capital Corp.'s primary business is conducted through its subsidiary, Arizona Public Service Co. (APS), which is a regulated electric utility.
When was the 2024 10-K filing submitted?
The 2024 10-K filing was submitted on February 25, 2025.
What is the Standard Industrial Classification (SIC) code for Pinnacle West Capital Corp.?
The SIC code for Pinnacle West Capital Corp. is 4911, which corresponds to Electric Services.
Where is Pinnacle West Capital Corp. headquartered?
Pinnacle West Capital Corp. is headquartered in Phoenix, Arizona, with its business address listed as 400 North Fifth Street.
What was the previous name of Pinnacle West Capital Corp.?
The former name of Pinnacle West Capital Corp. was AZP GROUP INC, with a date of name change on May 6, 1987.
From the Filing
0000764622-25-000023.txt : 20250225 0000764622-25-000023.hdr.sgml : 20250225 20250225082617 ACCESSION NUMBER: 0000764622-25-000023 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 161 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250225 DATE AS OF CHANGE: 20250225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE WEST CAPITAL CORP CENTRAL INDEX KEY: 0000764622 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 860512431 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08962 FILM NUMBER: 25659530 BUSINESS ADDRESS: STREET 1: 400 NORTH FIFTH STREET STREET 2: MS 8695 CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 602 250 1000 MAIL ADDRESS: STREET 1: 400 NORTH FIFTH STREET STREET 2: MS 8695 CITY: PHOENIX STATE: AZ ZIP: 85004 FORMER COMPANY: FORMER CONFORMED NAME: AZP GROUP INC DATE OF NAME CHANGE: 19870506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARIZONA PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000007286 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 860011170 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04473 FILM NUMBER: 25659531 BUSINESS ADDRESS: STREET 1: 400 NORTH FIFTH STREET CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 602 250 1000 MAIL ADDRESS: STREET 1: P O BOX 53999 CITY: PHOENIX STATE: AZ ZIP: 85072-3999 10-K 1 pnw-20241231.htm 10-K pnw-20241231 0000764622 false 2024 FY 0000007286 false 2024 FY P5Y 0.108338 P2Y iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure iso4217:USD utr:kWh iso4217:USD utr:MWh utr:MW iso4217:USD pnw:KWH_Kilowatt_hour pnw:day pnw:lease pnw:agreement pnw:claim pnw:timePeriod pnw:trust iso4217:USD utr:MMBTU pnw:program pnw:performance_criteria utr:MWh utr:Bcf pnw:numberOfTrust 0000764622 2024-01-01 2024-12-31 0000764622 pnw:ArizonaPublicServiceCompanyMember 2024-01-01 2024-12-31 0000764622 2024-06-30 0000764622 pnw:ArizonaPublicServiceCompanyMember 2024-06-30 0000764622 2025-02-20 0000764622 pnw:ArizonaPublicServiceCompanyMember 2025-02-20 0000764622 2023-01-01 2023-12-31 0000764622 2022-01-01 2022-12-31 0000764622 2024-12-31 0000764622 2023-12-31 0000764622 2022-12-31 0000764622 2021-12-31 0000764622 us-gaap:CommonStockMember 2021-12-31 0000764622 us-gaap:TreasuryStockCommonMember 2021-12-31 0000764622 us-gaap:RetainedEarningsMember 2021-12-31 0000764622 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000764622 us-gaap:NoncontrollingInterestMember 2021-12-31 0000764622 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000764622 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0000764622 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0000764622 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0000764622 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0000764622 us-gaap:CommonStockMember 2022-12-31 0000764622 us-gaap:TreasuryStockCommonMember 2022-12-31 0000764622 us-gaap:RetainedEarningsMember 2022-12-31 0000764622 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000764622 us-gaap:NoncontrollingInterestMember 2022-12-31 0000764622 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0000764622 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0000764622 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0000764622 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000764622 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-12-31 0000764622 us-gaap:CommonStockMember 2023-12-31 0000764622 us-gaap:TreasuryStockCommonMember 2023-12-31 0000764622 us-gaap:RetainedEarningsMember 2023-12-31 0000764622 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000764622 us-gaap:NoncontrollingInterestMember 2023-12-31 0000764622 us-gaap:RetainedEarningsMember 2024-01-01 2