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Pinnacle West Capital Corporation reports recurring developments for its electric utility holding company business and its principal subsidiary, Arizona Public Service. APS provides retail electricity service to about 1.4 million Arizona homes and businesses, with news commonly centered on earnings, customer growth, weather-driven usage, dividends, reliability, and the capital needs of generation, transmission, and distribution facilities.
Company updates also cover Arizona utility regulation, rate and energy-policy matters, and the resource mix used to serve APS customers. Recurring topics include Palo Verde Generating Station nuclear matters, natural gas, coal, solar, wind and energy storage resources, and regulatory considerations involving agencies such as the ACC, FERC, NRC and EPA.
Pinnacle West (NYSE: PNW) reported consolidated net income attributable to common shareholders of $32.9 million ($0.27 diluted) for Q1 2026, versus a net loss of $4.6 million ($0.04 loss) in Q1 2025. Results reflected higher transmission revenues, lower O&M, weather-driven usage, and 2.2% customer growth.
The company reiterated 2026 weather-normalized EPS guidance of $4.55–$4.75 and said employees are completing summer reliability preparations, including a scheduled Palo Verde Unit 2 maintenance and refueling outage.
Pinnacle West (NYSE: PNW) declared a quarterly dividend of $0.91 per share, payable on June 1, 2026 to shareholders of record at the close of business on May 4, 2026. The company will release its 2026 first-quarter results before U.S. markets on May 4, 2026 and host a live webcast and conference call at noon ET that day.
Webcast access, replay windows, conference call numbers, and replay passcodes were provided, and company facts note about $30 billion consolidated assets, ~6,200 MW generating capacity, and ~1.4 million Arizona customers.
Pinnacle West (NYSE: PNW) will release 2026 first-quarter financial results before U.S. markets open on May 4, 2026, and will host a live webcast and conference call the same day at noon ET (9 a.m. Arizona time).
Webcast audio, slides, dial-in numbers, participant access code, and replay details are available on the company website; consolidated assets are about $30 billion with ~6,200 MW capacity and ~6,600 employees.
Arizona Public Service (NYSE: PNW) notified the NRC on March 13, 2026 of its intent to seek subsequent license renewal for all three Palo Verde nuclear units, aiming to add 20 years of operation per unit (extending Unit 1 to 2065, Unit 2 to 2066, Unit 3 to 2067).
Palo Verde supplies 4,200 MW of carbon-free electricity to about four million homes and businesses, contributes over $2.6 billion to local economies and pays nearly $56 million annually in property taxes.
Pinnacle West (NYSE:PNW) reported 2025 consolidated net income attributable to common shareholders of $616.5 million, or $5.05 per diluted share, versus $608.8 million, or $5.24 in 2024. Fourth-quarter 2025 net income was $15.4 million (EPS $0.13), reversing a prior-year loss.
APS saw 2.4% customer growth and 5.0% weather-normalized retail sales growth in 2025, with management providing 2026 weather-normalized EPS guidance of $4.55–$4.75.
Pinnacle West (NYSE: PNW) will release its 2025 fourth-quarter and full-year financial results before U.S. markets open on Wednesday, Feb. 25, 2026. Management will host a live webcast and conference call that day at 11:00 a.m. ET (9:00 a.m. Arizona) to discuss results and recent developments. Investors can join the webcast at pinnaclewest.com/presentations or call (888) 506-0062 (U.S.) or (973) 528-0011 (international) using access code 131060. A webcast replay will be available on the presentations page for 30 days, and an audio replay by phone is available through 11:59 p.m. ET on March 4, 2026 (replay passcode 53534).
Pinnacle West is an energy holding company based in Phoenix with consolidated assets of nearly $30 billion, about 6,500 MW of generating capacity, approximately 6,400 employees in Arizona and New Mexico, and retail service to about 1.4 million Arizona customers.
Pinnacle West (NYSE: PNW) declared a quarterly cash dividend of $0.91 per share, payable March 2, 2026, to shareholders of record at the close of business on Feb. 2, 2026.
The company reported consolidated assets of nearly $30 billion, about 6,500 MW of generating capacity and approximately 6,400 employees, and serves about 1.4 million Arizona retail electricity customers through Arizona Public Service.
Pinnacle West (NYSE: PNW) reported Q3 2025 consolidated net income of $413.2 million, or $3.39 per diluted share, versus $395.0 million, or $3.37, a year earlier. Results reflected higher customer usage, customer growth and transmission revenues, partly offset by weather effects, higher interest charges and lower tax credits. The company raised its 2025 consolidated EPS guidance to $4.90–$5.10 and estimates 2026 consolidated EPS $4.55–$4.75 (weather-normalized). Operationally, APS saw record summer demand with an all-time peak of 8,631 MW on Aug. 7 and plans >$2.5 billion annual infrastructure investment through 2028.
Arizona Public Service (PNW) announced the Desert Sun Power Plant, a two-phase natural gas facility west of Gila Bend to add up to 2,000 MW of flexible generation to Arizona's grid. Phase 1 will be procured competitively and is slated to begin serving customers by late 2030. APS says Phase 2 will use an innovative subscription model where extra-large users (data centers) sign long-term contracts to fund capital costs and assume development risk, protecting existing residential and small business customers from those expansion costs. APS expects to link the plant to gas via the proposed Transwestern Pipeline expansion and to build transmission connections. APS also cited plans to add ~7,300 MW by 2028 and noted extra-large requests exceeding 19,000 MW.
Pinnacle West (NYSE: PNW) declared a quarterly dividend increase of 1.7% (an extra $0.06 annually), raising the indicated annual dividend to $3.64 per share or $0.91 per share quarterly. The declared quarterly dividend is payable Dec. 1, 2025 to shareholders of record at the close of business on Nov. 3, 2025.
The company will release Q3 2025 results before markets open on Nov. 3, 2025 and host a live webcast and conference call at 11 a.m. ET that day; the webcast will be available at pinnaclewest.com/presentations and replayed for 30 days. Pinnacle West reports consolidated assets of more than $29 billion, about 6,500 MW of generating capacity and serves ~1.4 million Arizona customers through Arizona Public Service.