Pinnacle West posts Q3 earnings beat and lifts FY26 EPS outlook
+1 new source since this summary was written
Pinnacle West Capital Corp. reported third‑quarter 2026 GAAP earnings of $3.49 per share on revenue of $1.97 billion, both above analyst forecasts. Net income rose to $434.2 million, up from $413.2 million a year earlier, and revenue grew 8.2% year‑over‑year. The utility raised its full‑year 2026 EPS guidance to a range of $5.05‑$5.25 per diluted share, citing strong customer growth and weather‑driven demand.
Why it matters
The higher EPS guidance signals stronger future profitability, which may support a higher valuation for the stock. Investors will watch for the company’s ability to sustain demand growth and translate it into earnings.
Key facts
- 1Q3 GAAP EPS was $3.49 per share, beating the $3.40 estimate. finance.yahoo.com
- 2Q3 revenue was $1.97 billion, exceeding the $1.94 billion forecast. finance.yahoo.com
- 3Revenue increased 8.2% year‑over‑year. seekingalpha.com
- 4Q3 net income was $434.2 million, up from $413.2 million a year earlier. tradingview.com
- 5FY26 EPS guidance was raised to $5.05–$5.25 per diluted share. tradingview.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.