Welcome to our dedicated page for Pinnacle West Capital Corporation news (Ticker: PNW), a resource for investors and traders seeking the latest updates and insights on Pinnacle West Capital Corporation stock.
Pinnacle West Capital Corporation (symbol: PNW) is a prominent energy holding company based in Phoenix, Arizona. With a history spanning over 120 years, Pinnacle West and its affiliates are dedicated to providing energy and energy-related products and services to a wide customer base throughout Arizona. The company boasts consolidated assets of approximately $11 billion.
Arizona Public Service (APS), Pinnacle West's largest affiliate, plays a significant role in the energy landscape of the Southwest. APS generates, sells, and delivers electricity to more than 1.4 million customers spread across 11 of Arizona’s 15 counties. It operates and co-owns the Palo Verde Nuclear Generating Station®, the largest nuclear power plant in the United States, which is a major source of electricity for the region. APS owns or leases over 6 gigawatts of power generation capacity, with about 50% of the electricity it supplies coming from clean energy sources, including nuclear power.
Beyond APS, Pinnacle West's other affiliates include the Suncor Development Company, which focuses on developing residential, commercial, and industrial real estate projects, APS Energy Services, a retail energy service provider, and the El Dorado Investment Company, a venture capital and investment firm. The diverse portfolio of businesses under Pinnacle West underscores its commitment to fostering growth and innovation within the energy sector.
In recent years, Pinnacle West has made significant strides in advancing clean energy initiatives and modernizing its infrastructure to meet the evolving energy needs of its customers. The company remains financially robust, continually exploring new partnerships and projects to enhance its service offerings and operational efficiency.
For those looking to stay informed about Pinnacle West's performance, latest developments, and company news, this page offers updated information on their activities and achievements.
Pinnacle West Capital Corp. (NYSE: PNW) will release its 2022 fourth-quarter and full-year financial results on February 27, 2023, before U.S. markets open. A live conference call will occur at 11 a.m. ET on the same day, where management will discuss the financial outcomes and recent developments. Interested parties can access the webcast at www.pinnaclewest.com/presentations or dial (888) 506-0062 for audio participation. Replay options will be available via webcast and a dedicated phone line until March 6, 2023.
Pinnacle West Capital Corporation (NYSE: PNW) has declared a quarterly dividend of $0.865 per share, payable on March 1, 2023, to shareholders of record as of February 1, 2023. The company, based in
Pinnacle West Capital Corp. (NYSE: PNW) reported Q3 2022 consolidated net income attributable to common shareholders of $326.3 million, or $2.88 per diluted share, down from $339.8 million, or $3.00 per share, year-over-year. Factors affecting results included a prior unfavorable rate case, lower revenue, and higher expenses, though these were partially offset by 2.0% customer growth and warmer weather. The company's earnings guidance for 2022 was raised to a range of $4.20 to $4.35 per diluted share.
Pinnacle West Capital Corporation (NYSE: PNW) has announced a 1.8% increase in its annual dividend, raising it by
Ameresco, Inc. (NYSE: AMRC) and Bright Canyon Energy recently held a groundbreaking ceremony for the Kūpono Solar Project in ‘Ewa, designed to generate 42 megawatts (MW) of renewable energy, powering about 10,000 homes in O‘ahu. The project, which includes a solar array and lithium-ion battery storage, will reduce carbon dioxide emissions by over 50,000 tons annually. This joint venture supports Hawaiian Electric's grid and aligns with the state’s 100% clean energy goal by 2045. Construction is set to finish in early 2024.
Pinnacle West Capital Corp. (NYSE: PNW) is set to release its third-quarter financial results for 2022 on November 3, 2022, prior to the opening of U.S. financial markets. A live webcast and conference call will follow at noon ET to discuss these results and recent company developments. Pinnacle West boasts consolidated assets of approximately $23 billion and a generating capacity of around 6,300 megawatts, serving over 1.3 million customers through Arizona Public Service.
Pinnacle West Capital Corp. (NYSE: PNW) reported a consolidated net income of $164.3 million, or $1.45 per diluted share, for Q2 2022, down from $215.7 million, or $1.91 per share, in Q2 2021. The decline was attributed to unfavorable outcomes from a recent rate case, higher expenses, and lower revenue. However, customer growth of 2% and sales growth of 3.2% were noted as positives. The company maintains its 2022 earnings guidance of $3.90 to $4.10 per share, supported by continued customer and sales growth.
Pinnacle West Capital Corp. (NYSE: PNW) will release its Q2 2022 financial results on Wednesday, August 3, 2022, before U.S. markets open. Management will hold a live webcast and conference call at noon ET to discuss these results and recent developments. With consolidated assets of approximately $22 billion, Pinnacle West serves over 1.3 million customers in Arizona through its subsidiary, Arizona Public Service. Investors can access the live call via phone or webcast.
Pinnacle West Capital Corp. (NYSE: PNW) has declared a quarterly dividend of $0.85 per share, payable on September 1, 2022, to shareholders of record by the close of business on August 1, 2022. The company, headquartered in Phoenix, boasts consolidated assets of approximately $22 billion and around 6,300 megawatts of generating capacity, serving over 1.3 million customers in Arizona through its subsidiary, Arizona Public Service.
Ameresco, Inc. (NYSE: AMRC) and Bright Canyon Energy announced the Kūpono Solar Project, a 42 MW solar array and 42 MW/168 MWh battery system at Joint Base Pearl Harbor-Hickam, Hawaii. This initiative aims to supply renewable energy to O‘ahu, powering about 10,000 homes and eliminating over 50,000 tons of CO2 emissions annually. The project, supported by a 37-year land lease with the Navy, aligns with Hawaii's 100% renewable energy goal by 2045. Construction is set to finish in early 2024, under a 20-year power purchase agreement with Hawaiian Electric.
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