Pinnacle West Capital to Release Q2 Earnings: What to Expect?

Core Viewpoint - Pinnacle West Capital Corporation (PNW) is expected to report second-quarter 2025 results on August 6, following a significant negative earnings surprise of 180% in the previous quarter [1] Group 1: Factors Impacting Q2 Performance - PNW's Q2 earnings are anticipated to benefit from retail customer growth and increased retail electricity sales, driven by higher electricity demand from new large manufacturing facilities and data centers [2] - The bottom line is expected to improve due to lower core operations and maintenance expenses, with Arizona Public Service's Energy Management System enhancing the integration of renewable and energy storage assets [3] - However, higher depreciation, amortization, and property taxes are likely to offset some of the positive impacts on PNW's performance [4] Group 2: Q2 Expectations - The Zacks Consensus Estimate for earnings is $1.58 per share, reflecting a year-over-year decrease of 10.2% [5] - The revenue estimate stands at $1.27 billion, indicating a year-over-year decline of 3% [5] - Total electric sales are estimated at 9,757.73 gigawatt-hours, down 1.7% from the previous year's quarter [5] Group 3: Earnings Prediction - The current model does not predict an earnings beat for PNW, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [6][7] - Other industry players like IDACORP and Xcel Energy are expected to report earnings beats, with IDACORP having an Earnings ESP of +1.56% and a Zacks Rank of 2 [8][10]