Pinnacle West Reports 2025 Third-Quarter Financial Results
November 3, 2025
Customer growth, summer heat drive increase in sales and usage Operating performance, customer reliability remain strong Company expands support for community and utility bill assistance programs Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders for the 2025 third quarter of $413.2 million, or $3.39 per diluted share of common stock. This result compares with consolidated net income of $395.0 million, or $3.37 per share of common stock, for the same period a year ago. However, through the first three quarters of the current year, the company’s earnings were 2.4% lower than in the first nine months of 2024. The 2025 third-quarter results reflect an increase of about $18 million compared to the 2024 third quarter, primarily as a result of increased customer usage, customer growth and related pricing; higher transmission service revenues; lower operations and maintenance expenses; higher AFUDC; lower depreciation and...
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