secwatch.observer — SEC 8-K summary
======================================

Issuer:     ARIZONA PUBLIC SERVICE CO (—)
CIK:        0000007286
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000764622-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pinnacle West Q1 net income $16.9M vs. loss a year ago; reaffirms FY guidance
-----------------------------------------------------------------------------

- Q1 2024 diluted EPS $0.15 vs. -$0.03 in Q1 2023; net income $16.9M.
- Customer growth of 1.8% YoY; weather-normalized sales up 5.9%.
- Benefited from new retail base rates effective March 8, 2024 and sale of former subsidiary.
- Full-year 2024 EPS guidance reaffirmed at $4.60-$4.80 on weather-normalized basis.
- Ongoing headwinds: higher depreciation, interest, and O&M expense.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7286/000076462224000043/0000764622-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7286/000076462224000043/pnw-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000764622-24-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer