Pinnacle West Q2 EPS falls to $1.58 from $1.76 on milder weather; guidance kept
Pinnacle West reported second-quarter 2025 net income attributable to common shareholders of $192.6 million, or $1.58 per diluted share, down from $203.8 million, or $1.76, a year earlier, while operating revenues rose to $1.36 billion. The company blamed cooler weather than last year's record heat and said it continues to expect 2025 earnings of $4.40 to $4.60 per diluted share on a weather-normalized basis.
Key points
- Q2 2025 net income attributable to common shareholders was $192.6 million, or $1.58 per diluted share, versus $203.8 million, or $1.76, in Q2 2024.
- Q2 2025 operating revenues were $1.36 billion, compared with $1.31 billion in Q2 2024.
- The company cited 15.4% fewer cooling degree-days in Q2 2025 than in Q2 2024; net income for the first half of 2025 was 14.8% lower than in the first half of 2024.
- 2025 EPS guidance was continued at $4.40 to $4.60 per diluted share on a weather-normalized basis.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits 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 August 06, 2025.
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.