Earnings ·
Pinnacle West Capital Corporation reported second-quarter 2026 consolidated net income attributable to common…
PNWPinnacle West Capital Corp
Pinnacle West Capital Corporation reported second-quarter 2026 consolidated net income attributable to common shareholders of $178.6 million, or $1.43 per diluted share, compared to $192.6 million, or $1.58 per diluted share, in the prior year period. The decline was primarily driven by higher interest charges, increased depreciation and amortization, and lower transmission service revenues, partially offset by favorable weather impacts, customer growth, and decreased operations and maintenance expenses. For full-year 2026, the company maintains its earnings guidance of $4.55 to $4.75 per diluted share on a weather-normalized basis. Pinnacle West Capital Corporation operates in the electric utility industry as a holding company providing retail electricity service through its subsidiary Arizona Public Service.