Pinnacle West reports Q3 EPS $3.39, consensus $3.09

Reports Q3 revenue $1.82B, consensus $1.79B. “Driven by one of the fastest-growing service territories in the country and the third-hottest Arizona summer on record, we experienced an increase in retail sales that helped contribute to solid third-quarter financial results,” said Pinnacle West (PNW) chairman, president and CEO Ted Geisler. “In addition, our employees continued to do what they do best: maintaining reliable electric service for our 1.4 million customers. Our diverse generation fleet – including critical baseload generating plants like Palo Verde and Four Corners – performed well, ensuring we met our customers’ energy needs.”