Pinnacle West Reports Slightly Lower 2024 Third-Quarter Results Compared to a Year Ago
Pinnacle West Capital Corporation (PNW)
Last pinnacle west capital corporation earnings: 2/21 08:40 am
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Source: Business Wire
Record-setting summer heat drives increase in customer sales and usageOperating performance, reliability remain strong for customersCreative approach used to address monsoon outages, restore power PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders for the 2024 third quarter of $395.0 million, or $3.37 per diluted share of common stock. This result compares with consolidated net income of $398.2 million, or $3.50 per diluted share of common stock, for the same period a year ago.The results reflect a decrease of about $3 million, primarily as a result of higher operations and maintenance expense; increased depreciation and amortization expense mostly due to increased plant and intangible assets; higher interest charges; higher income taxes and the timing of recognition for permanent items, partially offset by higher tax credits. These negative factors were partially offset by the favorable impac
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News
- APS Secures Its Largest-Ever Energy Supply to Reliably Serve Customers [Yahoo! Finance]Yahoo! Finance
- APS Secures Its Largest-Ever Energy Supply to Reliably Serve CustomersBusiness Wire
- Pinnacle West Capital Co. (NYSE: PNW) was downgraded by analysts at Barclays PLC from an "overweight" rating to an "equal weight" rating. They now have a $91.00 price target on the stock, down previously from $93.00.MarketBeat
- Pinnacle West Capital Co. (NYSE: PNW) had its price target raised by analysts at Wells Fargo & Company from $90.00 to $92.00. They now have an "equal weight" rating on the stock.MarketBeat
- Enlight Announces a Power Purchase Agreement for the Snowflake A Project in Arizona [Yahoo! Finance]Yahoo! Finance
PNW
Earnings
- 11/6/24 - Beat
PNW
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form SC
- 11/13/24 - Form 144
- PNW's page on the SEC website