Core Viewpoint - Pinnacle West Capital Corporation (PNW) is focused on enhancing its electricity generation portfolio through significant capital investments while facing regulatory and weather-related challenges [1] Group 1: Capital Investments and Growth - PNW has a capital plan of $6 billion for the years 2024-2026, with nearly $1.2 billion allocated for transmission investments during the same period [2] - The company plans to invest approximately $2.2 billion to enhance clean power generation from 2024 to 2026 [3] - The Metro Phoenix service region is experiencing growth in commercial activities, with new data centers expected to create demand for 640 megawatts of electricity by 2035 [4] Group 2: Regulatory and Environmental Challenges - PNW is subject to numerous environmental laws and regulations, which may increase operational costs and impact business if compliance is not met [5] - Mild weather conditions can lead to lower power sales, potentially resulting in decreased revenues, earnings, and cash flow [6] Group 3: Stock Performance - PNW shares have increased by 11.5% over the past three months, outperforming the industry average growth of 1% [7]

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 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 $ ...

The Zacks Consensus Estimate for second-quarter sales is pinned at $1.13 billion, indicating year-over-year growth of 1.2%. Pinnacle West Capital continues to increase its shareholders' value through dividend payments. Currently, the company's quarterly dividend is 88 cents per share, resulting in an annualized dividend of $3.52 per share, up 1.7% from the previous level of $3.46. PNW's current dividend yield is 4.65%, better than the utility electric power industry's 3.74%. Pinnacle West Capital Corporatio ...

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Another notable valuation metric for PNW is its P/B ratio of 1.38. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, OGE h ...

The Federal Reserve has struggled to curb inflation despite adopting a strict monetary tightening campaign. This has reignited fears among Americans that the economy could slip into a recession. The survey's one-year outlook for inflation remained unchanged at 3.3% in June, which was also sharply above the 2.3-3% range seen in the two years prior to the pandemic. Inflation declined sharply in 2023 before resuming its climb in the first quarter. However, it showed signs of cooling in April and maintained the ...

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We shall begin with a discussion of the demand drivers in PNW's service territory and follow with how that translates to growth on a per share basis. S&P Global Market Intelligence Service Territory Utah Colorado Nevada FARMINGTON LAS VEGAS FOUR CORNERS ■ New Mexico KINGMAN FLAGSTAFF WINSLOW HOLBROOK CHOLLA 0 BAGDAD L California PRESC NIX ■ PALO VER T GLOBE OCOTILLO ENIX SUNDANCE GRANDE YUMA vucc 9 SAGUARO TUCSON APS Retail Electric Service Territory Major APS Power Plants DOUGLAS nogales Principal APS Tran ...

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