Pinnacle West Reports 2024 First-quarter Financial Results
Pinnacle West Capital Corporation (PNW)
Last pinnacle west capital corporation earnings: 2/21 08:40 am
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Source: Business Wire
Improved quarterly results impacted by customer growth, increased sales and new ratesAPS employees focus on summer preparedness, reliability and resilienceCompany reaffirms full-year 2024 guidance PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $16.9 million, or $0.15 per diluted share of common stock, for the quarter ended March 31, 2024. This result compares with a consolidated net loss attributable to common shareholders of $3.3 million, or a loss of $0.03 per diluted share, for the same period in 2023.The improved first-quarter results reflect the impact of new retail base rates which took effect March 8, 2024; increased customer growth and usage; higher revenue resulting from Arizona Public Service Co.’s (APS) Lost Fixed Cost Recovery (LFCR) adjustor mechanism and a surcharge resulting from the outcome of the utility’s 2019 Rate Case appeal; and higher other income largely due to th
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PNW
News
- Pinnacle West Capital Co. (NYSE: PNW) had its price target raised by analysts at Barclays PLC from $76.00 to $81.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Pinnacle West (PNW) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Here's Why Pinnacle West (PNW) is a Strong Growth Stock [Yahoo! Finance]Yahoo! Finance
- Pinnacle West Capital Corporation (NYSE:PNW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pinnacle West Capital Co. (NYSE: PNW) had its price target raised by analysts at Wells Fargo & Company from $74.00 to $77.00. They now have an "equal weight" rating on the stock.MarketBeat
PNW
Earnings
- 5/2/24 - Beat
PNW
Sec Filings
- 5/6/24 - Form DEFA14A
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- PNW's page on the SEC website