Pinnacle West Q1 profit rises to $32.9 million; 2026 EPS guidance unchanged
Pinnacle West reported first-quarter 2026 net income attributable to common shareholders of $32.9 million, or $0.27 per diluted share, compared with a loss of $4.6 million, or $0.04 per share, a year earlier. The company said hotter-than-normal weather drove higher customer sales and usage, and it kept its 2026 EPS guidance of $4.55 to $4.75 per diluted share on a weather-normalized basis.
Key points
- Q1 2026 operating revenues were $1,149.6 million, up from $1,032.3 million in Q1 2025.
- Net income attributable to common shareholders was $32.9 million ($0.27 per diluted share), versus a $4.6 million loss ($0.04 per share) a year earlier.
- The company cited higher transmission revenues, lower operations and maintenance expenses, and weather as drivers, partly offset by higher interest charges, income taxes and depreciation.
- 2026 EPS guidance of $4.55 to $4.75 per diluted share was continued, not changed.
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 04, 2026.
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.