secwatch.observer — SEC 8-K summary
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Issuer:     PINNACLE WEST CAPITAL CORP (PNW)
CIK:        0000764622
Form:       8-K
Filed at:   2026-08-04T12:18:37+00:00
Accession:  0000764622-26-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pinnacle West Q2 net income $178.6M ($1.43 EPS) vs $192.6M ($1.58) YoY; reaffirms FY2026 guidance $4.55-$4.75
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- Net income $178.6M ($1.43 diluted EPS) vs $192.6M ($1.58) in Q2 2025, down ~$14M.
- Higher interest charges, depreciation, and lower transmission revenues drove decline; partially offset by weather, customer growth, lower O&M.
- Residential customer growth 2.1%; weather-normalized sales up 5.6%; total sales up 9.6% due to early summer heat.
- Reaffirmed 2026 EPS guidance $4.55-$4.75 on weather-normalized basis.
- Announced plan to convert two retired coal units at Cholla to natural gas (380 MW) by 2029, subject to regulatory approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764622/000076462226000040/0000764622-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7286/000076462226000040/pnw-20260804.htm
  HTML page:      https://secwatch.observer/filing/0000764622-26-000040

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