Pinnacle West raises long-term sales growth forecast to 8%-10% through 2030
PNW•Pinnacle West raised its 2026 and long-term sales growth outlook to 8%-10%, extending its forecast through 2030. APS plans $10.35 billion in capital spending over 2025-2028, while the company targets 5%-7% annual EPS growth from the original 2024 midpoint.
1. Higher growth outlook
Pinnacle West raised its 2026 sales growth guidance to 8%-10%, as year-to-date commercial and industrial sales grew 13.9%. It also increased its long-term sales growth expectations to 8%-10% and extended the outlook through 2030.
2. Investment and earnings targets
The earnings outlook targets 5%-7% compound annual EPS growth from the original 2024 midpoint. APS plans $10.35 billion in capital spending over 2025-2028 to support reliability and service territory growth. Committed load reached 5.8 GW, with more than 84% yet to be served.
