Pinnacle West Q2 profit falls to $178.6 million; revenue rises and 2026 EPS outlook is kept
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.
Key points
- 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
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 04, 2026.
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.