Pinnacle West Capital annual capital expenditures (capex)
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2025
Pinnacle West Capital Capital Expenditures (CapEx) Growth & History (PNW)
Pinnacle West Capital's capital expenditures (capex) was $2.62B for fiscal 2025.
View full Pinnacle West Capital company overviewPinnacle West Capital annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.62B | $375.4M | +16.69% |
| 2024 | 2024-12-31 | $2.25B | $402.8M | +21.82% |
| 2023 | 2023-12-31 | $1.85B | $138.9M | +8.13% |
| 2022 | 2022-12-31 | $1.71B | $234.0M | +15.88% |
| 2021 | 2021-12-31 | $1.47B | $146.9M | +11.07% |
| 2020 | 2020-12-31 | $1.33B | $135.1M | +11.34% |
| 2019 | 2019-12-31 | $1.19B | $13.3M | +1.13% |
| 2018 | 2018-12-31 | $1.18B | −$230.6M | −16.37% |
| 2017 | 2017-12-31 | $1.41B | $133.3M | +10.45% |
| 2016 | 2016-12-31 | $1.28B | $199.4M | +18.53% |
| 2015 | 2015-12-31 | $1.08B | $165.5M | +18.17% |
| 2014 | 2014-12-31 | $910.6M | −$105.7M | −10.40% |
| 2013 | 2013-12-31 | $1.02B | $126.8M | +14.25% |
| 2012 | 2012-12-31 | $889.6M | $5.2M | +0.59% |
| 2011 | 2011-12-31 | $884.4M | $136.0M | +18.17% |
| 2010 | 2010-12-31 | $748.4M | −$16.2M | −2.12% |
| 2009 | 2009-12-31 | $764.6M | −$171.0M | −18.27% |
| 2008 | 2008-12-31 | $935.6M | — | — |
Pinnacle West Capital quarterly capital expenditures (capex)
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Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $728.7M | $19.2M | +2.70% |
| Q1 2026 | 2026-03-31 | $628.4M | $5.8M | +0.93% |
| Q4 2025 | 2025-12-31 | $669.5M | $137.9M | +25.94% |
| Q3 2025 | 2025-09-30 | $623.0M | −$42.8M | −6.43% |
| Q2 2025 | 2025-06-30 | $709.5M | $175.5M | +32.88% |
| Q1 2025 | 2025-03-31 | $622.6M | $104.8M | +20.24% |
| Q4 2024 | 2024-12-31 | $531.6M | −$217,000 | −0.04% |
| Q3 2024 | 2024-09-30 | $665.8M | $269.5M | +68.00% |
| Q2 2024 | 2024-06-30 | $534.0M | $60.9M | +12.88% |
| Q1 2024 | 2024-03-31 | $517.8M | $72.6M | +16.30% |
| Q4 2023 | 2023-12-31 | $531.8M | $101.2M | +23.50% |
| Q3 2023 | 2023-09-30 | $396.3M | −$37.3M | −8.60% |
| Q2 2023 | 2023-06-30 | $473.0M | $21.4M | +4.74% |
| Q1 2023 | 2023-03-31 | $445.2M | $53.6M | +13.68% |
| Q4 2022 | 2022-12-31 | $430.6M | −$36.4M | −7.80% |
| Q3 2022 | 2022-09-30 | $433.6M | $108.4M | +33.31% |
| Q2 2022 | 2022-06-30 | $451.6M | $134.3M | +42.30% |
| Q1 2022 | 2022-03-31 | $391.6M | $27.8M | +7.64% |
| Q4 2021 | 2021-12-31 | $467.0M | $111.5M | +31.36% |
| Q3 2021 | 2021-09-30 | $325.3M | $31.2M | +10.61% |
| Q2 2021 | 2021-06-30 | $317.4M | −$19.6M | −5.81% |
| Q1 2021 | 2021-03-31 | $363.8M | $23.8M | +6.99% |
| Q4 2020 | 2020-12-31 | $355.5M | $22.0M | +6.59% |
| Q3 2020 | 2020-09-30 | $294.1M | −$22.4M | −7.08% |
| Q2 2020 | 2020-06-30 | $337.0M | $55.4M | +19.65% |
| Q1 2020 | 2020-03-31 | $340.0M | $80.2M | +30.88% |
| Q4 2019 | 2019-12-31 | $333.6M | $53.9M | +19.25% |
| Q3 2019 | 2019-09-30 | $316.5M | $98.0M | +44.84% |
| Q2 2019 | 2019-06-30 | $281.6M | −$37.3M | −11.70% |
| Q1 2019 | 2019-03-31 | $259.8M | −$101.2M | −28.04% |
| Q4 2018 | 2018-12-31 | $279.7M | −$101.3M | −26.59% |
| Q3 2018 | 2018-09-30 | $218.5M | −$115.6M | −34.60% |
| Q2 2018 | 2018-06-30 | $318.9M | −$25.9M | −7.51% |
| Q1 2018 | 2018-03-31 | $361.0M | $12.2M | +3.50% |
| Q4 2017 | 2017-12-31 | $381.0M | $120.5M | +46.23% |
| Q3 2017 | 2017-09-30 | $334.1M | $50.8M | +17.94% |
| Q2 2017 | 2017-06-30 | $344.8M | −$8.3M | −2.35% |
| Q1 2017 | 2017-03-31 | $348.8M | −$29.7M | −7.84% |
| Q4 2016 | 2016-12-31 | $260.6M | −$36.8M | −12.38% |
| Q3 2016 | 2016-09-30 | $283.3M | $35.6M | +14.39% |
| Q2 2016 | 2016-06-30 | $353.1M | $73.1M | +26.11% |
| Q1 2016 | 2016-03-31 | $378.5M | $127.5M | +50.77% |
| Q4 2015 | 2015-12-31 | $297.4M | $5.4M | +1.85% |
| Q3 2015 | 2015-09-30 | $247.7M | $17.8M | +7.72% |
| Q2 2015 | 2015-06-30 | $280.0M | $98.7M | +54.44% |
| Q1 2015 | 2015-03-31 | $251.0M | $43.6M | +21.01% |
| Q4 2014 | 2014-12-31 | $292.0M | −$142.8M | −32.85% |
| Q3 2014 | 2014-09-30 | $229.9M | $25.0M | +12.20% |
| Q2 2014 | 2014-06-30 | $181.3M | −$12.4M | −6.43% |
| Q1 2014 | 2014-03-31 | $207.5M | $24.6M | +13.45% |
| Q4 2013 | 2013-12-31 | $434.8M | $215.9M | +98.66% |
| Q3 2013 | 2013-09-30 | $204.9M | −$41.0M | −16.67% |
| Q2 2013 | 2013-06-30 | $193.7M | $9.9M | +5.41% |
| Q1 2013 | 2013-03-31 | $182.9M | −$58.1M | −24.12% |
| Q4 2012 | 2012-12-31 | $218.9M | −$22.2M | −9.22% |
| Q3 2012 | 2012-09-30 | $245.9M | −$10.1M | −3.94% |
| Q2 2012 | 2012-06-30 | $183.8M | −$11.9M | −6.09% |
| Q1 2012 | 2012-03-31 | $241.0M | $49.4M | +25.80% |
| Q4 2011 | 2011-12-31 | $241.1M | $45.4M | +23.21% |
| Q3 2011 | 2011-09-30 | $256.0M | $81.9M | +47.01% |
| Q2 2011 | 2011-06-30 | $195.7M | $19.7M | +11.19% |
| Q1 2011 | 2011-03-31 | $191.6M | −$11.0M | −5.43% |
| Q4 2010 | 2010-12-31 | $195.7M | — | — |
| Q3 2010 | 2010-09-30 | $174.1M | $9.3M | +5.65% |
| Q2 2010 | 2010-06-30 | $176.0M | — | — |
| Q1 2010 | 2010-03-31 | $202.6M | — | — |
| Q3 2009 | 2009-09-30 | $164.8M | — | — |
Pinnacle West Capital capital expenditures (capex) trends
Over the last five fiscal years, Pinnacle West Capital's capital expenditures (capex) increased from $1.33B to $2.62B, a change of $1.30B. The latest reported quarter, Q2 2026, shows $728.7M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pinnacle West Capital source filings ↗