Education
About Us
Working with TipRanks
Follow Us
Pinnacle West Capital (PNW)
NYSE:PNW
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.04Same Quarter Last Year
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, durable demand growth, and meaningful progress on customer experience and liquidity de-risking, while acknowledging identifiable near-term headwinds (weather-driven EPS drag, higher financing and pension costs) and regulatory and uncommitted-load execution risks. Management reiterated guidance and outlined a clear pathway for capital and rate-case priorities, suggesting confidence in long-term prospects despite some short-term pressures.Company Guidance
Record System Peak and Strong Generation Performance
APS set a new system peak of 8,648 MW on August 7 (more than 400 MW higher than prior year). Palo Verde operated at 100% summertime capacity factor and received a 2025 INPO excellence award for safety, reliability and operational performance.
Robust Sales and Customer Growth
Full-year weather-normalized sales growth of 5.0%; Q4 weather-normalized sales growth of 6.8%. Residential sales growth of 2.0% and commercial & industrial growth of 7.5% for the year. Total customer growth of 2.4%, at the high end of guidance.
Financial Results and Reaffirmed Guidance
Q4 EPS of $0.13 compared with a ($0.06) loss in Q4 2024. Full-year EPS of $5.05 (vs $5.24 in 2024). Company reiterated 2026 guidance: EPS $4.55–$4.75 and weather-normalized sales growth guidance of 4%–6% for 2026.
Operational Execution on Resource Additions
Completed over 400 MW of APS-owned resources ahead of schedule (including new gas units at Sundance, Agave battery storage, and Ironwood Solar). Red Hawk gas expansion remains on track for completion in 2028; preparations for up to 2 GW additional gas capacity commencing in 2030.
Customer Experience and Digital Enhancements
Achieved top quartile national ranking for residential overall customer satisfaction and first quartile in J.D. Power Utility Digital Experience. Deployed an AI-powered high bill analyzer to help customers understand billing and reduce energy costs.
Durable Long-Term Load Outlook
Company maintained long-term sales growth guidance of 5%–7% through 2030 driven by commercial/industrial expansion (notably semiconductor and data center growth) and sustained residential growth. TSMC expansion pipeline cited as a major growth driver (multiple fabs and additional acreage).
Strengthened Liquidity and De-risked 2026 Equity Needs
Nearly $500 million of 2026 equity already priced, core credit facilities extended to 2031, and revolving borrowing capacity expanded by $550 million. HoldCo debt at approximately 17% year-end (target mid-teens).
Cost Management Progress
O&M per megawatt-hour declined 3.3% year-over-year in 2025 and company reiterated focus on further reductions and operational efficiencies in 2026.
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
PNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $100.05 | $99.79 | -0.26% |
Nov 03, 2025 | $86.76 | $88.58 | +2.10% |
Aug 06, 2025 | $90.50 | $90.72 | +0.24% |
May 01, 2025 | $91.49 | $89.79 | -1.86% |
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 (PNW) report earnings?
Pinnacle West Capital (PNW) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Pinnacle West Capital (PNW) earnings time?
Pinnacle West Capital (PNW) earnings time is at Apr 30, 2026, 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 2026 (Q1) is -0.08.