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PNW

Pinnacle West Capital·NYSE
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PNW fundamentals

Pinnacle West Capital (PNW) released its earnings on Feb 25, 2026: revenue was 1.13B (YoY +2.99%), missed estimates; EPS was 0.13 (YoY +316.67%), beat estimates.
Revenue / YoY
1.13B
+2.99%
EPS / YoY
0.13
+316.67%
Report date
Feb 25, 2026
PNW Earnings Call Summary for Q4,2025
  • Record Operational Performance: 8,648 MW system peak, top quartile customer satisfaction, and 400 MW of new resources completed ahead of schedule.
  • Strong Sales Growth: 5% full-year weather-normalized sales growth, driven by 7.5% C&I expansion and 2.4% customer growth.
  • Rate Case Progress: 2026 rate case on track with formula rate implementation, targeting 7-9% rate base CAGR.
  • Customer Expansion: TSMC's Arizona fabs expanding to 4 units, supporting 5-7% annual sales growth through 2030.
  • Financial Discipline: O&M per MWh down 3.3% YoY, 2026 EPS guidance of $4.55-$4.75, and FFO to debt above 14%.
EPS
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Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.271.713.07-0.170.321.9130.240.151.452.88-0.21-0.030.943.500.151.763.37-0.06-0.041.583.390.13
Forecast
0.1621.50082.880.04240.25581.64752.7850.04770.07151.30952.607-0.18020.01111.16043.4191-0.1313-0.02131.27893.4894-0.14250.01761.58983.07360.0565
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+66.67%
+13.94%
+6.60%
-500.94%
+25.10%
+15.93%
+7.72%
+403.14%
+109.79%
+10.73%
+10.47%
-16.54%
-370.27%
-18.99%
+2.37%
+100.00%
+804.23%
+37.62%
-3.42%
+57.89%
-327.27%
-0.62%
+10.29%
+130.09%
Revenue
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Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
--------------------------------661.93M929.59M1.25B740.96M696.48M1.00B1.31B798.86M783.53M1.06B1.47B1.01B944.96M1.12B1.64B991.57M951.71M1.31B1.77B1.10B1.03B1.36B1.82B1.13B
Forecast
--------------------------------741.86M916.47M1.22B715.75M705.53M946.39M1.24B659.68M692.73M974.59M1.31B638.28M808.33M1.09B1.57B1.12B981.82M1.21B1.70B1.05B999.99M1.35B1.79B1.19B
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-10.77%
+1.43%
+2.42%
+3.52%
-1.28%
+5.69%
+5.38%
+21.10%
+13.11%
+8.94%
+11.80%
+58.13%
+16.90%
+3.22%
+4.27%
-11.15%
-3.07%
+8.37%
+4.25%
+4.25%
+3.23%
+0.55%
+1.52%
-5.16%

Earnings Call