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Pinnacle West Capital Corp (PNW)
NYSE:PNW
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 3.41%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong service reliability, record energy generation, and significant financial performance and growth, including both commercial and residential sectors. However, there were challenges with earnings decline in Q4 and increased operational and financing costs. Overall, the positive aspects of growth and operational achievements outweigh the challenges faced.Company Guidance
During the call, the company provided guidance on several key metrics for 2025 and beyond. The 2025 weather-normalized sales growth is projected to remain between 4% and 6%, with an emphasis on the commercial and industrial (C&I) segment contributing 3% to 5%. The company reiterated its commitment to a long-term earnings per share (EPS) growth rate of 5% to 7%, based on a midpoint of $4.60 to $4.80 per share from the original 2024 guidance. In 2024, the company achieved an EPS of $5.24, marking an increase of 83 cents from the previous year, driven by new rates, strong sales growth, and favorable weather conditions. The company also saw customer growth at 2.1% and plans to manage a balanced capital investment strategy, focusing on generation, transmission, and distribution to support Arizona's economic expansion, with a significant investment in new resources slated for service between 2026 and 2028.Strong Service Reliability and Safety
The company delivered strong service reliability and achieved zero serious injuries or fatalities for the year, even during record-breaking heat in Phoenix.
Record Energy Demand and Generation
APS customers set a peak energy demand record of 8,210 megawatts, while Palo Verde Generating Station's three nuclear units exceeded 30 million megawatt hours of net generation with a capacity factor of 93.7%.
Financial Performance and Growth
The company ended 2024 with $5.24 per share, up 83 cents from 2023, driven by strong sales and usage growth. Customer growth was 2.1%, slightly above the midpoint of the guidance range.
Significant Commercial and Residential Growth
The company saw a robust increase in commercial and industrial growth, with 9.7% growth in the C&I segment and significant residential growth with over 32,000 new residential meters installed.
Major Investments and Expansion
The company procured nearly 7,300 megawatts of new resources for service between 2026 and 2028, marking the largest transmission and generation expansion in history.
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PNW Earnings History
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
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PNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $92.11 | $93.16 | +1.14% |
| Nov 06, 2024 | $85.82 | $89.17 | +3.90% |
| Aug 01, 2024 | $82.96 | $86.25 | +3.97% |
| May 02, 2024 | $72.64 | $72.74 | +0.14% |
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.
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FAQ
When does Pinnacle West Capital Corp (PNW) report earnings?
Pinnacle West Capital Corp (PNW) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Pinnacle West Capital Corp (PNW) earnings time?
Pinnacle West Capital Corp (PNW) earnings time is at Apr 30, 2025, TBA Not 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 (Q1) is 0.02.
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