AI English summary of an SEC filing — figures as filed
Pinnacle West Capital PNWPinnacle West said consolidated net income attributable to common shareholders for the 3 months ended June 30, 2025 was $193 million, a decrease of approximately $11 million from $204 million in the prior-year period.
Key points
AI summaryPinnacle West said consolidated net income attributable to common shareholders for the 3 months ended June 30, 2025 was $193 million, a decrease of approximately $11 million from $204 million in the prior-year period.
The company said consolidated net cash provided by operating activities for the 6 months ended June 30, 2025 was $663 million, an increase of $126 million from $537 million in the prior-year period, with higher cash receipts from electric revenues of $185 million cited as a primary factor.
Pinnacle West said consolidated net cash used for investing activities for the 6 months ended June 30, 2025 was $1,253 million, an increase of $366 million from $887 million in the prior-year period, with increased capital expenditures, net of contributions in aid of construction, of $317 million cited as a primary factor.
As of June 30, 2025, the company said APS's common equity ratio, as defined under the ACC order, was 54%, and dividends are not permitted if such payment would reduce the ratio below 40%. On May 15, 2025, APS received an equity infusion of $300 million, which was used to repay 3.15% senior debt of $300 million that matured on the same date.
Key figures
Quarter ended June 30, 2025
- Revenue
- $1.4B
- Operating income
- $308M
- Net income
- $197M
- EPS
- $1.58
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
3-month net income attributable to common shareholders $193 million
Pinnacle West said consolidated net income attributable to common shareholders for the 3 months ended June 30, 2025 was $193 million, a decrease of approximately $11 million from $204 million in the prior-year period.
Source · Based on the MD&A text of the filing
6-month operating cash flow $663 million
The company said consolidated net cash provided by operating activities for the 6 months ended June 30, 2025 was $663 million, an increase of $126 million from $537 million in the prior-year period, with higher cash receipts from electric revenues of $185 million cited as a primary factor.
Source · Based on the MD&A text of the filing
6-month net cash used for investing activities $1,253 million
Pinnacle West said consolidated net cash used for investing activities for the 6 months ended June 30, 2025 was $1,253 million, an increase of $366 million from $887 million in the prior-year period, with increased capital expenditures, net of contributions in aid of construction, of $317 million cited as a primary factor.
Source · Based on the MD&A text of the filing
APS common equity ratio 54% and equity infusion of $300 million
As of June 30, 2025, the company said APS's common equity ratio, as defined under the ACC order, was 54%, and dividends are not permitted if such payment would reduce the ratio below 40%. On May 15, 2025, APS received an equity infusion of $300 million, which was used to repay 3.15% senior debt of $300 million that matured on the same date.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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