Pinnacle West Reports 2026 First-Quarter Financial Results
May 4, 2026
Hotter-than-normal weather drives increase in customer sales and usage Customer growth of 2.2% continues to underscore a strong Arizona economy APS employees focus on critical summer preparedness and reliability Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $32.9 million, or $0.27 per diluted share of common stock, for the quarter ended March 31, 2026. This result compares with a consolidated net loss attributable to common shareholders of $4.6 million, or a loss of $0.04 per diluted share, for the same period in 2025. The results reflect an increase of approximately $38 million, primarily as a result of higher transmission revenues; lower operations and maintenance expenses; the effects of weather; and customer growth, usage and related pricing. These positive factors were partially offset by higher interest charges; higher income taxes; and higher depreciation and amortization expenses. “Phoenix and much of...
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