Strong Sales and Revenue Growth
Reported earnings of $3.39 per share for Q3 2025, a $0.02 increase year-over-year. Weather-normalized sales growth was 5.4%, with residential growth at 4.3% and C&I growth at 6.6%.
Revised Earnings Guidance
2025 EPS guidance was raised from $4.40-$4.60 to $4.90-$5.10 per share, reflecting strong sales growth and increased transmission revenues.
Major Investments and Development Plans
Announced development of a new generation site near Gila Bend, potentially adding 2,000 MW of natural gas generation. Major projects include Desert Southwest expansion and Desert Sun Power Plant.
Robust Economic and Customer Growth
Arizona's economic growth is strong, with significant investments from semiconductor companies like Taiwan Semiconductor and Amkor Technology. Maricopa County named top county for economic development.