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Pinnacle West Capital ( (PNW) ) has issued an announcement.
Pinnacle West reported slightly lower third-quarter earnings for 2024, with net income at $395 million compared to $398.2 million last year, despite record summer heat boosting energy demand. The company faced higher maintenance and operational costs but benefited from increased customer sales and favorable weather impacts. Looking ahead, they have adjusted their 2024 earnings guidance upward and anticipate a range of $4.40 to $4.60 per share for 2025.
For an in-depth examination of PNW stock, go to TipRanks’ Stock Analysis page.
