Pinnacle West Capital Raises FY25 Earnings Guidance, Q3 Results Exceed Estimates.

Pinnacle West Capital Corp. raised its FY25 earnings guidance to $4.90-$5.10 per share, up from $4.40-$4.60 per share, and initiated a $4.55-$4.75 per share range for FY26. Q3 revenue increased to $1.82 billion from $1.77 billion in the prior-year quarter, and earnings per share was $3.39, higher than $3.37 in the same quarter last year. Analysts expected earnings of $3.09 per share on revenues of $1.79 billion.