Pinnacle West Reaffirms $4.55-$4.75 FY26 EPS Outlook, Q4 Profit of $15.4M
Pinnacle West Capital reaffirmed its full-year 2026 weather-normalized EPS guidance of $4.55 to $4.75 per share and reported Q4 net income of $15.4 million, or $0.13 per share, reversing a prior-year $6.83 million loss. Fourth-quarter operating revenues rose to $1.13 billion from $1.10 billion a year earlier.
1. Q4 Profit Turnaround
Pinnacle West reported net income attributable to common shareholders of $15.4 million, or $0.13 per share, for the fourth quarter, compared with a net loss of $6.83 million, or $0.06 per share, in the same period last year. Operating revenues climbed to $1.13 billion from $1.10 billion, reflecting higher electricity sales volumes and margin improvements in its regulated utility operations.
2. FY26 EPS Outlook Reaffirmed
The company maintained its full-year 2026 weather-normalized earnings guidance at $4.55 to $4.75 per share, signaling confidence in its regulated rate base growth and recovery mechanisms. This outlook assumes normalized weather conditions and stable regulatory frameworks supporting consistent annual earnings performance.