Pinnacle West reports lower Q2 earnings but maintains 2026 outlook
Filed with the SEC on · Summarized by InvestorsBot
Pinnacle West reported second-quarter 2026 net income attributable to common shareholders of $178.6 million, or $1.43 per diluted share, for the period ended June 30, down from $192.6 million, or $1.58 per share, a year earlier. Higher interest charges, depreciation and amortization, and lower transmission revenue outweighed stronger weather-related demand and customer growth, while APS reported 2.1% customer growth and 9.6% higher total sales; the company maintained its 2026 weather-normalized EPS guidance of $4.55 to $4.75.