The earnings call highlighted significant operational and regulatory achievements, including new peak demand records and strong customer growth. However, these positives were balanced by a decrease in earnings per share and lower-than-expected weather benefits compared to the previous year.

Company Guidance

During the Pinnacle West Capital Corporation's 2025 Second Quarter Earnings Conference Call, guidance was reaffirmed with expectations to end the year in the top half of the EPS range of $4.40 to $4.60 per share. The company highlighted a strong quarter with earnings of $1.58 per share, though this was a decrease of $0.18 compared to the same period last year. Key factors affecting this change included weather, O&M expenses, share issuance, and pension and OPEB nonservice credits, although these were partially offset by sales growth and transmission revenue. The company's weather-normalized sales increased by 5.2% year-over-year, with C&I customer sales showing robust growth at 8%. Customer growth was at 2.4% for the quarter, and the company expects long-term sales growth guidance of 4% to 6% through 2027. Pinnacle West also issued $800 million in bonds during the second quarter to refinance 2025 maturities and support its funding strategy.

New Peak Energy Demand Record

Pinnacle West set a new peak energy demand record for the third consecutive year, reaching over 8,500 megawatts, marking a more than 300-megawatt increase from last year's peak.

Strong Customer and Sales Growth

Weather-normalized sales increased by 5.2% compared to the second quarter last year, with customer growth at 2.4%. The company also reported strong sales growth in the Commercial & Industrial segment at 8%.

Regulatory and Infrastructure Developments

Pinnacle West filed a rate case including a 10.7% return on equity and proposed a formula rate adjustment mechanism. They are also investing in transmission and gas infrastructure to support growth and reliability.

High Economic Growth in Arizona

Arizona reported a record-breaking year with 24,000 jobs created and over $31 billion in business investment, contributing to steady population growth and economic diversity in the state.

Pinnacle West Capital (PNW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PNW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 31, 2025	2025 (Q3)	2.94 / -	3.37	―	―	―
Aug 06, 2025	2025 (Q2)	1.59 / 1.58	1.76	-10.23% (-0.18)
May 01, 2025	2025 (Q1)	0.02 / -0.04	0.15	-126.67% (-0.19)
Feb 25, 2025	2024 (Q4)	-0.14 / -0.06	0	―
Nov 06, 2024	2024 (Q3)	3.49 / 3.37	3.5	-3.71% (-0.13)
Aug 01, 2024	2024 (Q2)	1.28 / 1.76	0.94	87.23% (+0.82)
May 02, 2024	2024 (Q1)	-0.02 / 0.15	-0.03	600.00% (+0.18)
Feb 27, 2024	2023 (Q4)	-0.13 / 0.00	-0.21	―
Nov 02, 2023	2023 (Q3)	3.42 / 3.50	2.88	21.53% (+0.62)
Aug 03, 2023	2023 (Q2)	1.16 / 0.94	1.45	-35.17% (-0.51)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PNW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$92.34	$92.56	+0.24%
May 01, 2025	$93.34	$91.61	-1.85%
Feb 25, 2025	$90.33	$91.36	+1.14%
Nov 06, 2024	$84.16	$87.45	+3.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Pinnacle West Capital Corp (PNW) report earnings?

Pinnacle West Capital Corp (PNW) is schdueled to report earning on Oct 31, 2025, Before Open (Confirmed).

What is Pinnacle West Capital Corp (PNW) earnings time?

Pinnacle West Capital Corp (PNW) earnings time is at Oct 31, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PNW EPS forecast?

PNW EPS forecast for the fiscal quarter 2025 (Q3) is 2.94.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing