Pinnacle West Capital Corporati

90.68-1.12 (-1.22%)

Oct 28, 4:00:02 PM EDT · NYSE · PNW · USD

Upcoming Earnings

Report date

Nov 3, 2025 (in 5 days)

Key Stats

Market Cap

10.83B

P/E (TTM)

18.66

Basic EPS (TTM)

4.86

Dividend Yield

0.04%

Recent Filings

8-K

Investor outlook highlights growth

10/14/25Oct 14, 2025

Pinnacle West Capital Corporation disclosed investor handouts for October 2025 meetings, outlining a robust Arizona service territory with 2.1% residential customer growth expected in 2025, outpacing the national average. The company projects 5%-7% long-term EPS growth off the original 2024 midpoint, fueled by a $9.66 billion capital plan through 2027 emphasizing generation and transmission to support reliability amid economic expansion. Arizona's business-friendly policies drive diverse commercial and industrial development. Rate base grows to $14.4 billion by 2027.

8-K

Forward sale settlement extended

9/2/25Sep 2, 2025

Pinnacle West Capital amended its forward sale agreements with Wells Fargo Bank on August 28, 2025, pushing the settlement date for share forward transactions to December 31, 2026, from the prior September 4, 2025. This extension aligns with ongoing strategic hedging efforts. No financial impacts or additional terms were disclosed. The move buys time amid market flux.

8-K

Investor handouts outline growth

9/2/25Sep 2, 2025

Pinnacle West Capital Corporation disclosed investor handouts for September 2025 meetings, highlighting a robust Arizona economy driving 1.5%-2.5% residential customer growth. The company outlined a $9.66 billion capital plan through 2027 to bolster reliability amid expansion, targeting 5%-7% long-term EPS growth off the 2024 midpoint. Rate base is projected to reach $14.4 billion by 2027. Regulatory lag persists despite improvements.

8-K

APS prices $950M notes

8/15/25Aug 15, 2025

Arizona Public Service Company priced $250 million of 5.70% notes due 2034 and $700 million of 5.90% notes due 2055 on August 12, 2025, via an underwriting agreement. This debt issuance bolsters the utility's capital for operations amid rising rates. Expenses total $2.16 million, excluding discounts.

8-K

Q2 earnings dip on cooler weather

8/6/25Aug 6, 2025

Pinnacle West Capital reported Q2 2025 net income of $192.6 million, or $1.58 per diluted share, down from $203.8 million, or $1.76 per share, in Q2 2024, mainly due to milder weather with 15.4% fewer cooling degree-days cutting demand. Yet robust customer growth of 2.4% and sales up 5.2% drove a record peak demand of 8,527 megawatts on July 9, met reliably by the diverse fleet. The company reaffirmed 2025 EPS guidance of $4.40 to $4.60 on a weather-normalized basis. Palo Verde's 40-year milestone underscores its role in affordable, clean energy.

About

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains transmission and distribution substations; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

CEO

Mr. Theodore N. Geisler

IPO

2/21/1973

Website

https://www.pinnaclewest.com

Employees

6,403

Sector

Utilities

Industry

Utilities - Regulated Electric