Pinnacle West Capital

Pinnacle West Capital Corp. is a holding company, which engages in providing energy and energy-related products. It offers regulated retail and wholesale electricity businesses and related activities, such as electricity generation, transmission and distribution through its subsidiary, Arizona Public Service Co. The company was founded on February 20, 1985, and is headquartered in Phoenix, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Pinnacle West Capital addresses challenges, focuses on growth opportunities

Pinnacle West Capital navigated a challenging year in 2022 with a focus on operational achievements, regulatory progress, and clean energy commitments. Despite lower earnings per share, the company saw growth in customers and sales. Future opportunities include customer and sales growth projections, clean generation spending, and improving regulatory relationships.

Pinnacle West Capital excels in Q1 2023, prioritizes safety and clean energy

Pinnacle West Capital Corporation delivered a strong performance in Q1 2023, focusing on safety, clean energy, and customer satisfaction.
While facing challenges such as weather impacts and regulatory processes, the company remains proactive in addressing opportunities for growth and operational excellence.
With a strategic focus on sustainability, operational efficiency, and financial transparency, Pinnacle West is poised to navigate market challenges and drive long-term value.
Engagement with analysts and stakeholders reflects a commitment to transparency, strategic planning, and stakeholder communication.

Pinnacle West Capital adjusts guidance amidst regulatory wins and challenges

Pinnacle West Capital navigated challenges from mild weather impact with resilience, leveraging settlements and regulatory progress to maintain financial stability.
Operational excellence and strategic regulatory agreements position the company well for future growth and stability, despite challenges in earnings and expenses.
Steady customer growth and revised guidance demonstrate adaptability and proactive financial management, indicating a strategic approach to navigating market dynamics.
Adjusted EPS guidance reflects a balanced outlook considering revenue drivers, showcasing a prudent financial strategy amid evolving market conditions.

Pinnacle West Capital reports robust Q3 earnings amidst operational challenges

Pinnacle West Capital (PNW) showcased solid financial performance in Q3 2023, driven by customer growth, successful demand side programs, and increased CapEx guidance.
While facing challenges such as declining residential sales and high interest expenses, the company is focused on leveraging opportunities from efficient growth strategies and cost recovery mechanisms.
Navigating through regulatory complexities and operational challenges, Pinnacle West remains committed to delivering value to shareholders and maintaining a growth trajectory.
Strategic initiatives around clean energy goals, customer satisfaction, and financial resilience position the company well for future success amidst a dynamic market environment.

Pinnacle West Capital exceeds earnings guidance, eyes long-term growth

PNW's strong financial performance in Q4 2023 and exceeding full-year EPS guidance showcase operational efficiency and growth potential.
While facing challenges like regulatory lag and capital structure maintenance, PNW's focus on customer service and clean energy presents growth opportunities.
The company's strategic outlook for 2024 and beyond emphasizes long-term EPS growth, sales expansion, and financial stability.

Pinnacle West Capital reports improved earnings amidst regulatory challenges

Pinnacle West Capital (PNW) reported improved earnings driven by operational efficiency and a one-time gain from Bright Canyon Energy sale.
Despite challenges from weather impacts and increased expenses, the company maintained a stable investment-grade credit rating.
Opportunities lie in leveraging strong customer relations, exploring growth in Arizona's economy, and addressing regulatory lag.
The company's performance reflects a balanced approach to managing challenges and capitalizing on strengths.

Pinnacle West Capital excels in Q2, eyes growth opportunities

PNW's Q2 performance reflects operational strength, customer-centric focus, and regulatory advancements, positioning the company for sustained growth.
Strategic initiatives to enhance customer service, manage costs, and capitalize on growth opportunities underscore PNW's commitment to long-term success.
Challenges such as extreme weather impacts and regulatory complexities are being addressed through proactive measures and operational resilience.
Opportunities in sales growth, customer service enhancement, and sustainability initiatives present avenues for PNW to drive value creation and stakeholder engagement.

Pinnacle West Capital excels in Q3 performance amidst regulatory challenges

Pinnacle West Capital's Q3 2024 performance demonstrated operational excellence and strong sales growth, underpinned by a customer-centric approach. While facing regulatory challenges, the company is poised for expansion through strategic investments and cost-saving initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Pinnacle West Capital Corp. is a holding company, which engages in the provision of energy and related products. It offers regulated retail and wholesale electricity businesses and related activities, such as generation, transmission, and distribution through its subsidiary, Arizona Public Service Co. The company was founded on February 20, 1985, and is headquartered in Phoenix, AZ.

PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. Chairman and CEO Jeff Guldner will retire on March 31, 2025. APS President Ted Geisler has been tapped as his successor.

Pinnacle West and APS Announce Leadership Succession

PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. today declared a quarterly dividend of $0.895 per share of common stock, payable on March 3, 2025.

Pinnacle West Declares Quarterly Dividend

Pinnacle West (PNW) reported earnings 30 days ago. What's next for the stock?

Pinnacle West (PNW) Up 3.6% Since Last Earnings Report: Can It Continue?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Why Pinnacle West (PNW) is a Top Momentum Stock for the Long-Term

PHOENIX--(BUSINESS WIRE)--Arizona Public Service has signed agreements to add its largest-ever energy supply and launches its 2024 All Source Request for Proposals.

ADDING and REPLACING APS Secures Its Largest-Ever Energy Supply to Reliably Serve Customers

Pinnacle West Capital Corporation (NYSE:PNW ) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Amanda Ho - IR Jeffrey Guldner - Chairman, President and CEO Andrew Cooper - SVP and CFO, Pinnacle West Capital Corporation and Arizona Public Service Company Ted Geisler - President, Arizona Public Service Company Conference Call Participants Shar Pourreza - Guggenheim Partners Nick Campanella - Barclays David Arcaro - Morgan Stanley Anthony Crowdell - Mizuho Paul Patterson - Glenrock Associates Julien Dumoulin-Smith - Jefferies Sophie Karp - KeyBanc Steve Fleishman - Wolfe Research Dylan Lipner - Ladenburg Thalmann & Company Operator Good day everyone and welcome to the Pinnacle West Capital Corporation 2024 Third Quarter Earnings Conference Call. At this time, all participants have been placed on a listen-only mode.

Pinnacle West Capital Corporation (PNW) Q3 2024 Earnings Call Transcript

PNW third-quarter earnings decrease year over year, while revenues increase. Total operating expenses also increase during the same period.

Pinnacle West Third-Quarter Earnings and Sales Beat Estimates

Pinnacle West (PNW) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $3.35 per share. This compares to earnings of $3.50 per share a year ago.

Pinnacle West (PNW) Q3 Earnings and Revenues Surpass Estimates

PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital reports slightly lower 2024 third-quarter results compared to a year-ago.

Pinnacle West Reports Slightly Lower 2024 Third-Quarter Results Compared to a Year Ago

PNW's Q3 results are expected to continue benefiting from retail customer growth. However, rising expenses might offset some positives.

Pinnacle West Capital to Post Q3 Earnings: Here's What to Expect

American Electric Power Company

Atlantic Union Bankshares Corp

Armstrong World Industries

Brown & Brown

Community Healthcare Trust

Hess Midstream Partners

IDACORP

Murphy USA

Mueller Water

NextEra Energy

Cohen & Steers Reit And Preferred Income Fund Inc

Republic Services

SB Financial Group

Schwab US Dividend Equity ETF

S&T Bancorp

Standex

Tompkins Financial

Texas Instruments

Vanguard Real Estate ETF

Waste Connections

Waste Management

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are sixteen increases for next week, up from six last week.

16 Upcoming Dividend Increases

Pinnacle West's dividend is backed by an 11-year streak of dividend increases. The post In Hot Utility Sector, Dividend Stock Pinnacle West Is A Fund Favorite appeared first on Investor's Business Daily.

In Hot Utility Sector, Dividend Stock Pinnacle West Is A Fund Favorite

Pinnacle West (PNW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Pinnacle West (PNW) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

PHOENIX--(BUSINESS WIRE)--The U.S. Department of Energy announced it has awarded APS $70 million for smart grid resilience, reliability and wildfire mitigation projects.

U.S. Department of Energy Funds to Help Strengthen APS Smart Grid With New Technology

Evergy Inc

Exelon

OGE Energy

24/7 Wall St. Insights The utility sector is up a whopping 20% in 2024.

Top Wall Street Analyst Loves High-Yield Dividend Utility Stocks

PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. plans to release its 2024 third-quarter financial results before U.S. financial markets open on Wednesday, Nov. 6, 2024.

Pinnacle West Sets Date for 2024 Third-Quarter Financial Results, Webcast/Conference Call

Intercontinental Exchange

Intuitive Surgical

Intuitive Surgical stock and two others are some of the best stocks and pulled back to their 10-week moving averages offering buy points.

These Are The Best Second-Chance Stocks Around

Entergy

NorthWestern

Sempra Energy

TXNM Energy Inc

Bank of America is predicting a big jump in electrical demand—with some power companies better-positioned to capitalize than others.

Bank of America Says These 5 Stocks Could Benefit from Rising Power Demand

Investors interested in Utility - Electric Power stocks are likely familiar with Pinnacle West (PNW) and OGE Energy (OGE). But which of these two stocks offers value investors a better bang for their buck right now?

PNW or OGE: Which Is the Better Value Stock Right Now?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Pinnacle West (PNW) is a Top-Ranked Value Stock: Should You Buy?

Here's Why Pinnacle West (PNW) is a Strong Momentum Stock

Albertsons Companies

Crown Castle International

Farmland Partners

Postal Realty Trust

Opposition hedging, while common, can reduce returns as it hedges against the main portfolio direction. We prefer using companies with inherently resilient business models to reduce economic exposure. Investing in recession-resistant stocks like Postal Realty, Crown Castle, Pinnacle West, Albertsons, and Farmland Partners can provide a better hedge against adverse macroeconomic outcomes.

5 Recession-Resistant Stocks That Won't Weigh You Down In A Soft Landing

Pinnacle West (PNW) continues to gain from infrastructure investments and the addition of clean sources to produce electricity and serve its customers.

Pinnacle West (PNW) Rides on Investments & Renewable Portfolio

Pinnacle West Capital Corporation is a $9.8 billion market cap company offering a 4.1% dividend and a low 0.50 beta. The company owns the largest nuclear power generating station in the US, benefiting from increased electricity demand from data centers. Pinnacle West is expected to benefit if interest rates are cut, but investors may want to wait for a stock price drop for a larger dividend payout.

Wait On Pinnacle West Capital For Lower Interest Rates

Pinnacle West Capital Corporation (NYSE:PNW ) Q2 2024 Earnings Conference Call August 1, 2024 12:00 PM ET Company Participants Amanda Ho - Investor Relations Jeffrey Guldner - Chairman of the Board, President and Chief Executive Officer, Pinnacle West Capital Corporation Andrew Cooper - Senior Vice President and Chief Financial Officer, Pinnacle West Capital Corporation and Arizona Public Service Company Ted Geisler - President, Arizona Public Service Company Conference Call Participants Shar Pourreza - Guggenheim Partners Nicholas Campanella - Barclays Michael Lonegan - Evercore ISI Travis Miller - Morningstar Julien Dumoulin-Smith - Jefferies Paul Patterson - Glenrock Associates Operator Good morning, everyone, and welcome to the Pinnacle West Capital Corporation 2024 Second Quarter Earnings Conference Call. At this time, all participants have been placed on a listen-only mode.

News for Pinnacle West Capital Stock (PNW)