Pinnacle West Reports Lower 2026 Second-Quarter Financial Results Compared to a Year Ago
August 4, 2026
Lower second-quarter financial results align with company expectations as operating performance, reliability remain strong Robust customer growth and increased energy demand driven by early summer heat Customer support and financial assistance resources enhanced for peak summer season Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $178.6 million, or $1.43 per diluted share of common stock, for the quarter ended June 30, 2026. This result compares with consolidated net income of $192.6 million, or $1.58 per diluted share, for the same period in 2025. The 2026 quarterly results reflect a decrease of about $14 million, primarily as a result of higher interest charges; higher depreciation and amortization; and lower transmission service revenues. These negative factors were partially offset by the favorable impacts of the effects of weather; customer growth and usage; decreased operations and maintenance expenses; and...
Read More