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Pinnacle West Capital Corporation (PNW) is involved in the generation, transmission and distribution of electricity from coal, nuclear, gas, oil and solar. The company's ongoing capital investments to clean its generation portfolio, fortify infrastructure and increase production will likely boost its performance. However, this Zacks Rank #3 (Hold) company faces risks related to strict regulations and unfavorable weather conditions. Tailwinds PNW has been expanding its operations through strategic acquisitio ...

Pinnacle West Capital Corporation (NYSE:PNW) Q2 2024 Earnings Conference Call August 1, 2024 12:00 PM ET Company Participants Amanda Ho - Investor Relations Jeffrey Guldner - Chairman of the Board, President and Chief Executive Officer, Pinnacle West Capital Corporation Andrew Cooper - Senior Vice President and Chief Financial Officer, Pinnacle West Capital Corporation and Arizona Public Service Company Ted Geisler - President, Arizona Public Service Company Conference Call Participants Shar Pourreza - Gugg ...

Pinnacle West (PNW) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 34.35%. A quarter ago, it was expected that this power company would post a loss of $0.02 per share when it actually produced earnings of $0.15, delivering a surprise of 850%. Over the last four quarters, the company ...

Pinnacle West Capital Corporation (PNW) reported second-quarter 2024 earnings of $1.76 per share, which beat the Zacks Consensus Estimate of $1.31 by 34.4%. The bottom line also increased 87.2% from the year-ago quarter's figure of 94 cents. Total Revenues Sales for the quarter totaled $1.31 billion, which surpassed the Zacks Consensus Estimate of $1.22 billion by 7.6%. The top line also increased 17% from $1.12 billion recorded in the year-ago quarter. Operational Highlights Total operating expenses were $ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission File Number Exact Name of Each Registrant as specified in its charter; State of Incorporation; Address; and Telephone NumberIRS Employer Identification No. 1-8962 PINNACLE WEST CAPITAL CORPORATION 86-0512431 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Phoenix Arizona 85072-3999 (602) 250-1000 1-4473 ARIZONA PUBLIC SERVICE COMPANY 86-0011170 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Ph ...

Exhibit 99.1 FOR IMMEDIATE RELEASE August 1, 2024 Media Contact: Analyst Contact: Alan Bunnell (602) 250-3376 Amanda Ho (602) 250-3334 Website: pinnaclewest.com PINNACLE WEST REPORTS IMPROVED SECOND-QUARTER FINANCIAL RESULTS • New customer rates, record heat positively impact quarter-over-quarter earnings • Customer and sales growth continue to reflect a strong Arizona economy • Expanded bill assistance, heat relief and energy efficiency programs provide greater support to customers PHOENIX – Pinnacle West ...

Pinnacle West Capital Corporation (PNW) is scheduled to release second-quarter 2024 results on Aug 1, before market open. The company delivered an earnings surprise of 850% in the last reported quarter. Stocks to Consider Our proven model does not conclusively predict an earnings beat for Pinnacle West Capital this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see bel ...

The Zacks Consensus Estimate for second-quarter sales is pinned at $1.13 billion, indicating year-over-year growth of 1.2%. Pinnacle West Capital continues to increase its shareholders' value through dividend payments. Currently, the company's quarterly dividend is 88 cents per share, resulting in an annualized dividend of $3.52 per share, up 1.7% from the previous level of $3.46. PNW's current dividend yield is 4.65%, better than the utility electric power industry's 3.74%. Pinnacle West Capital Corporatio ...

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Another notable valuation metric for PNW is its P/B ratio of 1.38. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, OGE h ...