# PINNACLE WEST CAPITAL CORP (PNW) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from PINNACLE WEST CAPITAL CORP's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/PNW/mda/fy2025/): filed 2026-02-25; accession 0000764622-26-000011 (https://www.sec.gov/Archives/edgar/data/764622/000076462226000011/pnw-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/PNW/mda/fy2024/): filed 2025-02-25; accession 0000764622-25-000023 (https://www.sec.gov/Archives/edgar/data/764622/000076462225000023/pnw-20241231.htm)
- [FY 2023 MD&A](/company/PNW/mda/fy2023/): filed 2024-02-27; accession 0000764622-24-000016 (https://www.sec.gov/Archives/edgar/data/764622/000076462224000016/pnw-20231231.htm)
- [FY 2022 MD&A](/company/PNW/mda/fy2022/): filed 2023-02-27; accession 0000764622-23-000023 (https://www.sec.gov/Archives/edgar/data/764622/000076462223000023/pnw-20221231.htm)
- [FY 2021 MD&A](/company/PNW/mda/fy2021/): filed 2022-02-25; accession 0000764622-22-000014 (https://www.sec.gov/Archives/edgar/data/764622/000076462222000014/pnw-20211231.htm)

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