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Pinnacle West Capital Corp (PNW)
NYSE:PNW
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.57Last Year’s EPS
1.76Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -0.90%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant economic growth and operational improvements, particularly in Arizona's semiconductor sector and customer growth. However, financial challenges such as decreased earnings and higher operational costs were noted. The upcoming regulatory changes are expected to address some of these issues.Company Guidance
During the Pinnacle West Capital Corporation 2025 First Quarter Earnings Conference Call, the company reaffirmed its financial guidance, maintaining its target for a 4% to 6% weather-normalized sales growth for the year. The first quarter of 2025 saw a loss of $0.04 per share, compared to a profit of $0.15 per share in the same period last year, primarily due to the sale of Bright Canyon Energy and increased O&M, interest expenses, and depreciation. However, rate changes introduced in March 2024 provided a $0.29 year-over-year benefit this quarter. Customer growth was strong at 2.3%, and the company remains on track to meet its annual customer growth guidance. The call also highlighted the thriving Arizona economy, with notable investments such as Taiwan Semiconductor Manufacturing Company's $165 billion in semiconductor facilities, and Mayo Clinic's $2 billion investment in Phoenix. Pinnacle West is focused on maintaining reliable service through increased transmission investments and is progressing with a request for proposals for at least 2,000 megawatts of new resources to be operational between 2028 and 2030. Additionally, the company plans to file a rate case midyear, aiming to address regulatory lag with a formula rate proposal to keep rates current while maintaining customer affordability.Strong Economic Growth in Arizona
Arizona's economy is thriving, with significant investments in semiconductor and advanced manufacturing sectors. Notable announcements include TSMC's additional $100 billion investment beyond their original $65 billion, and NVIDIA's partnership with TSMC.
Robust Customer Growth
Customer growth for Q1 2025 was strong at 2.3%, near the high end of the annual guidance. Maricopa County and Pinal County are among the fastest-growing in the U.S.
Successful Operational Measures
Significant investments in grid reliability and summer preparedness, including fire-sensing cameras and chiller upgrades, have been completed.
Positive Regulatory and Credit Updates
No changes in credit ratings with a stable outlook, and progress on upcoming rate case filing to address regulatory lag.
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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 |
|---|---|---|---|
| May 01, 2025 | $95.18 | $93.41 | -1.86% |
| 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% |
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 Jul 31, 2025, TBA Not Confirmed.
What is Pinnacle West Capital Corp (PNW) earnings time?
Pinnacle West Capital Corp (PNW) earnings time is at Jul 31, 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 (Q2) is 1.57.
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