Pinnacle West Q2 2026: revenue up 7.1%, EPS $1.43 misses as heat lifts demand
Pinnacle West's second quarter was a demand story, not an earnings story: revenue rose 7.1% to $1.46 billion on an early Arizona summer, but diluted EPS fell to $1.43 from $1.58 and landed $0.05 below the $1.48 consensus. Higher interest and depreciation costs ate the top-line gain. Full-year guidance of $4.55 to $4.75 was unchanged.
1 · Expected vs. Actual
Free preview below$1.43 per diluted share came in below the $1.48 consensus and below last year's $1.58. Net income attributable to common shareholders fell to $178.6 million from $192.6 million, a decline of about $14 million. Higher interest charges, higher depreciation and lower transmission service revenue drove the drop, partly offset by weather, customer growth and lower operations and maintenance expense.
Revenue of $1.46 billion rose 7.1% from $1.36 billion a year earlier, and first-half revenue of $2.61 billion was up 9.0%. Management credits early heat, 2.1% customer growth and total sales growth of 9.6%, with weather-normalized sales up 5.6%. No consensus revenue estimate was provided, so the top line can only be judged against last year.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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