Pinnacl West Cap Stock Price, News & Analysis

Arizona Public Service (PNW) announced the Desert Sun Power Plant, a two-phase natural gas facility west of Gila Bend to add up to 2,000 MW of flexible generation to Arizona's grid. Phase 1 will be procured competitively and is slated to begin serving customers by late 2030. APS says Phase 2 will use an innovative subscription model where extra-large users (data centers) sign long-term contracts to fund capital costs and assume development risk, protecting existing residential and small business customers from those expansion costs. APS expects to link the plant to gas via the proposed Transwestern Pipeline expansion and to build transmission connections. APS also cited plans to add ~7,300 MW by 2028 and noted extra-large requests exceeding 19,000 MW.

Pinnacle West (NYSE: PNW) declared a quarterly dividend increase of 1.7% (an extra $0.06 annually), raising the indicated annual dividend to $3.64 per share or $0.91 per share quarterly. The declared quarterly dividend is payable Dec. 1, 2025 to shareholders of record at the close of business on Nov. 3, 2025.

The company will release Q3 2025 results before markets open on Nov. 3, 2025 and host a live webcast and conference call at 11 a.m. ET that day; the webcast will be available at pinnaclewest.com/presentations and replayed for 30 days. Pinnacle West reports consolidated assets of more than $29 billion, about 6,500 MW of generating capacity and serves ~1.4 million Arizona customers through Arizona Public Service.

Pinnacle West (NYSE: PNW) will release its 2025 third-quarter financial results before U.S. markets open on Monday, Nov. 3, 2025.

Management will host a live webcast and conference call the same day at 11:00 a.m. ET (9:00 a.m. Arizona) to discuss results and recent developments. Join the webcast at www.pinnaclewest.com/presentations or dial (888) 506-0062 / (973) 528-0011 and enter access code 502381.

Replays: webcast recording available at www.pinnaclewest.com/presentations for 30 days; audio replay by phone available until 11:59 p.m. ET, Nov. 10, 2025 at (877) 481-4010 or (919) 882-2331 with passcode 53038.

The release notes Pinnacle West has consolidated assets of more than $29 billion, ~6,500 MW generating capacity, and ~6,400 employees, with retail service to about 1.4 million Arizona customers through Arizona Public Service.

AZ-VC has announced the launch of its second venture capital fund, AZ-VC II, following the success of its $115 million Fund I. Led by former PayPal executive Jack Selby, the fund focuses on non-coastal startups, targeting Series A investments in post-revenue companies with proven product-market fit.

The fund is backed by notable Arizona-based limited partners including Pinnacle West Corporation, Western Alliance Bancorp, Trinity Capital (NASDAQ: TRIN), and Salt River Project. AZ-VC's investment strategy capitalizes on an average 70% valuation discount compared to coastal companies with similar metrics, addressing the significant disparity where California, New York, and Massachusetts receive 75% of venture capital despite representing only 22% of the U.S. population.

Arizona utilities including APS (NYSE:PNW), SRP, TEP, UniSource, and City of Mesa have announced commitment plans for Transwestern Pipeline's Desert Southwest expansion project. The new natural gas pipeline will transport gas from the Permian Basin in West Texas to Arizona by late 2029.

APS and SRP have already executed agreements with Transwestern, while the City of Mesa, TEP, and UniSource are finalizing negotiations. The project addresses Arizona's growing energy needs, as all existing interstate pipelines serving Arizona are currently fully subscribed. The new infrastructure will support reliability during peak demand periods and complement the integration of renewable energy sources.

The initiative aims to maintain grid reliability as Arizona experiences unprecedented growth, with utilities planning significant expansion of generating resources. For instance, SRP plans to at least double its generating resources in the next 10 years to meet increasing energy demand in the Phoenix metropolitan area.

Pinnacle West (NYSE: PNW) reported Q2 2025 consolidated net income of $192.6 million, or $1.58 per diluted share, down from $203.8 million, or $1.76 per share, in Q2 2024. The decrease was primarily due to milder weather conditions, with 15.4% fewer cooling degree-days compared to 2024.

Despite lower earnings, the company demonstrated strong operational performance with customer growth of 2.4% and sales growth of 5.2%. APS set a new all-time peak demand record of 8,527 megawatts on July 9, 2025. The company maintains its 2025 earnings guidance of $4.40 to $4.60 per diluted share on a weather-normalized basis.

Notably, PNW is updating its environmental goals from "zero-carbon" to "carbon-neutral" by 2050, removing interim targets to focus on reliability and affordability. Currently, 54% of APS's energy mix comes from clean resources.

Pinnacle West Capital Corp. (NYSE: PNW) has scheduled the release of its 2025 second-quarter financial results for Wednesday, August 6, 2025, before U.S. markets open. The company will host a webcast and conference call at 12:00 PM ET (9:00 AM Arizona time) to discuss the results.

Pinnacle West, a Phoenix-based energy holding company, operates with $27 billion in consolidated assets, 6,500 megawatts of generating capacity, and serves approximately 1.4 million Arizona customers through its subsidiary Arizona Public Service.

Pinnacle West Capital Corporation (NYSE: PNW) has announced a quarterly dividend of $0.895 per share of common stock. The dividend will be payable on September 2, 2025, to shareholders of record as of August 1, 2025. The company, an energy holding company based in Phoenix, has consolidated assets exceeding $27 billion, approximately 6,500 megawatts of generating capacity, and 6,400 employees across Arizona and New Mexico. Through its main subsidiary, Arizona Public Service, Pinnacle West provides retail electricity service to roughly 1.4 million Arizona homes and businesses.

Pinnacle West Capital Corp. (NYSE: PNW) reported a Q1 2025 net loss of $4.6 million (-$0.04 per share), compared to net income of $16.9 million ($0.15 per share) in Q1 2024. The decline was primarily due to higher operations and maintenance expenses, increased depreciation costs, and lower pension benefits. Despite the loss, the company affirmed its 2025 earnings guidance of $4.40-$4.60 per share. Positive developments include 2.3% customer growth and 2.1% retail sales increase. The company is focusing on summer preparedness, implementing AI fire-sensing cameras for wildfire mitigation, and maintaining its extensive power infrastructure, including the Palo Verde nuclear plant maintenance. APS serves about 1.4 million customers across Arizona, where Maricopa County showed the third-largest population growth among U.S. counties.