Pinnacle West swings to Q1 profit of $32.9M ($0.27/share) vs year-ago loss; guidance maintained

ARIZONA PUBLIC SERVICE CO

Net income of $32.9M ($0.27 diluted) vs net loss of $4.6M (-$0.04) in Q1 2025, a $38M improvement.
Customer growth 2.2%; weather-normalized sales up 9.4%; warmer winter boosted usage.
Higher transmission revenues and lower O&M expenses drove results, partly offset by higher interest and depreciation.
2026 weather-normalized EPS guidance reaffirmed at $4.55–$4.75 per share.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARIZONA PUBLIC SERVICE CO reported the quarter ended March 31, 2026 results: net income $32.9 million, EPS $0.27 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2026
Net income: $32.9 million
EPS: $0.27 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $32.9 million, or $0.27 per diluted share of common stock, for the quarter ended March 31, 2026.

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Source: SEC EDGAR

accession 0000764622-26-000026

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