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Pinnacle West(PNW) - 2024 Q3 - Quarterly Results
2024-11-06 13:28
Exhibit 99.1 FOR IMMEDIATE RELEASE November 6, 2024 Media Contact: Analyst Contact: Alan Bunnell (602) 250-3376 Amanda Ho (602) 250-3334 Website: pinnaclewest.com PINNACLE WEST REPORTS SLIGHTLY LOWER 2024 THIRD-QUARTER RESULTS COMPARED TO A YEAR AGO • Record-setting summer heat drives increase in customer sales and usage • Operating performance, reliability remain strong for customers • Creative approach used to address monsoon outages, restore power PHOENIX – Pinnacle West Capital Corp. (NYSE: PNW) today r ...
Pinnacle West Capital to Post Q3 Earnings: Here's What to Expect
ZACKS· 2024-11-01 15:20
Pinnacle West Capital Corporation (PNW) is scheduled to release third-quarter 2024 results on Nov. 6, before market open. The company delivered an earnings surprise of 34.4% in the last reported quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Major Factors That Might Have Impacted PNW's Q3 PerformancePinnacle West Capital’s top-line performance is expected to have benefited from retai ...
Pinnacle West (PNW) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2024-09-24 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks S ...
Here's Why Pinnacle West (PNW) is a Strong Momentum Stock
ZACKS· 2024-09-23 14:56
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...
Pinnacle West (PNW) Rides on Investments & Renewable Portfolio
ZACKS· 2024-08-21 13:46
Pinnacle West Capital Corporation (PNW) is involved in the generation, transmission and distribution of electricity from coal, nuclear, gas, oil and solar. The company's ongoing capital investments to clean its generation portfolio, fortify infrastructure and increase production will likely boost its performance. However, this Zacks Rank #3 (Hold) company faces risks related to strict regulations and unfavorable weather conditions. Tailwinds PNW has been expanding its operations through strategic acquisitio ...
Pinnacle West(PNW) - 2024 Q2 - Earnings Call Transcript
2024-08-01 21:27
Pinnacle West Capital Corporation (NYSE:PNW) Q2 2024 Earnings Conference Call August 1, 2024 12:00 PM ET Company Participants Amanda Ho - Investor Relations Jeffrey Guldner - Chairman of the Board, President and Chief Executive Officer, Pinnacle West Capital Corporation Andrew Cooper - Senior Vice President and Chief Financial Officer, Pinnacle West Capital Corporation and Arizona Public Service Company Ted Geisler - President, Arizona Public Service Company Conference Call Participants Shar Pourreza - Gugg ...
Pinnacle West (PNW) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-01 14:35
Pinnacle West (PNW) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 34.35%. A quarter ago, it was expected that this power company would post a loss of $0.02 per share when it actually produced earnings of $0.15, delivering a surprise of 850%. Over the last four quarters, the company ...
Pinnacle West (PNW) Q2 Earnings & Sales Beat Estimates
ZACKS· 2024-08-01 14:26
Pinnacle West Capital Corporation (PNW) reported second-quarter 2024 earnings of $1.76 per share, which beat the Zacks Consensus Estimate of $1.31 by 34.4%. The bottom line also increased 87.2% from the year-ago quarter's figure of 94 cents. Total Revenues Sales for the quarter totaled $1.31 billion, which surpassed the Zacks Consensus Estimate of $1.22 billion by 7.6%. The top line also increased 17% from $1.12 billion recorded in the year-ago quarter. Operational Highlights Total operating expenses were $ ...
Pinnacle West(PNW) - 2024 Q2 - Quarterly Report
2024-08-01 12:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission File Number Exact Name of Each Registrant as specified in its charter; State of Incorporation; Address; and Telephone NumberIRS Employer Identification No. 1-8962 PINNACLE WEST CAPITAL CORPORATION 86-0512431 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Phoenix Arizona 85072-3999 (602) 250-1000 1-4473 ARIZONA PUBLIC SERVICE COMPANY 86-0011170 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Ph ...
Pinnacle West(PNW) - 2024 Q2 - Quarterly Results
2024-08-01 12:25
Exhibit 99.1 FOR IMMEDIATE RELEASE August 1, 2024 Media Contact: Analyst Contact: Alan Bunnell (602) 250-3376 Amanda Ho (602) 250-3334 Website: pinnaclewest.com PINNACLE WEST REPORTS IMPROVED SECOND-QUARTER FINANCIAL RESULTS • New customer rates, record heat positively impact quarter-over-quarter earnings • Customer and sales growth continue to reflect a strong Arizona economy • Expanded bill assistance, heat relief and energy efficiency programs provide greater support to customers PHOENIX – Pinnacle West ...