Pinnacle West Q1 loss of $4.6 million; 2025 EPS guidance affirmed
Pinnacle West reported a first-quarter 2025 net loss attributable to common shareholders of $4.6 million, or $0.04 per diluted share, compared with net income of $16.9 million, or $0.15 per diluted share, a year earlier. Operating revenues rose to $1.03 billion, but higher operations and maintenance expense, depreciation and lower other income drove the decline, and the company said results were in line with its expectations. The company continues to expect 2025 earnings of $4.40 to $4.60 per diluted share on a weather-normalized basis, so shareholders see no change to that outlook.
Key points
- Net loss attributable to common shareholders of $4.6 million, or $0.04 per diluted share, for the quarter ended March 31, 2025, versus net income of $16.9 million, or $0.15 per diluted share, in Q1 2024
- Operating revenues rose to $1,032.3 million from $951.7 million; operations and maintenance expense rose to $300.1 million from $257.6 million
- 2025 EPS guidance of $4.40 to $4.60 per diluted share on a weather-normalized basis was continued, per the company
- Company cited planned power plant outages and a gain on a former subsidiary sale in the prior year as factors in the results
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.