Nov 6, 4:01 PM ET
Pinnacle West furnished an investor presentation under Regulation FD for its November 2026 meetings with analysts and investors. The deck updates 2026 sales growth guidance to 8%-10%, extends long-term sales growth of 8%-10% through 2030, and restates a long-term EPS growth target of 5%-7%, though it reports no new quarterly financial results.
- 2026 sales growth guidance updated to 8%-10%; long-term sales growth increased to 8%-10% and extended through 2030, versus the original long-term range of 4%-6%.
- Committed load increased to 5.8 GW, with more than 84% yet to be served.
- 2026-2028 financing plan includes $1.0 billion-$1.2 billion of PNW equity, with $500 million ATM program and about $235 million already priced.
- Long-term EPS growth target of 5%-7% off the original 2024 midpoint; 2025-2028 APS capital plan totals $10.35 billion.
Read the filing on SEC.gov ↗
Nov 3, 8:16 AM ET
Pinnacle West reported third-quarter 2026 net income attributable to common shareholders of $434.2 million, or $3.49 per diluted share, up from $413.2 million, or $3.39 per diluted share, a year earlier. The company raised its 2026 consolidated earnings guidance to $5.05 to $5.25 per diluted share, citing customer and sales growth and weather through the first three quarters.
- Q3 2026 operating revenues were $1.97 billion, up from $1.82 billion in Q3 2025.
- Q3 2026 diluted EPS was $3.49, compared with $3.39 in Q3 2025.
- 2026 EPS guidance is $5.05 to $5.25 per diluted share, adjusted upward per the company.
- Weather-normalized retail electricity sales growth is guided at 8.0% to 10.0% for 2026.
Read the filing on SEC.gov ↗
Aug 4, 9:01 AM ET
Pinnacle West Capital entered an Equity Distribution Agreement on August 4, 2026 allowing it to sell up to $500 million of common stock through a group of banks, including forward sale arrangements. The company says net proceeds would fund investment in Arizona Public Service Company for capital expenditures, commercial paper repayment and general corporate purposes. Shareholders may face dilution if shares are sold, but the filing does not say whether or when any sales will occur.
- Aggregate gross sales price capped at $500 million, including any forward sale agreements
- Managers and forward sellers may receive commissions of up to 1% of gross sales price
- Proceeds intended for Arizona Public Service Company capital expenditures, commercial paper repayment and general corporate purposes
- Shares registered under Form S-3 (Registration No. 333-277448); prospectus supplement dated August 4, 2026
Read the filing on SEC.gov ↗
Aug 4, 8:18 AM ET
Pinnacle West reported second-quarter 2026 net income attributable to common shareholders of $178.6 million, or $1.43 per diluted share, down from $192.6 million, or $1.58 per share, a year earlier. Operating revenues rose to $1.46 billion from $1.36 billion, and the company said the company continues to expect 2026 earnings of $4.55 to $4.75 per diluted share on a weather-normalized basis.
- Q2 2026 net income attributable to common shareholders: $178.6 million ($1.43 per diluted share), versus $192.6 million ($1.58) in Q2 2025
- Q2 2026 operating revenues: $1.46 billion, versus $1.36 billion in Q2 2025
- Company attributes the lower profit mainly to higher interest charges, higher depreciation and amortization, and lower transmission service revenues
- 2026 EPS guidance unchanged at $4.55 to $4.75 per diluted share on a weather-normalized basis; cooling degree days rose 7% year over year
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
