Pinnacl West Cap Stock Price, News & Analysis

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.

Pinnacle West Capital (NYSE: PNW) has declared a quarterly dividend of $0.895 per share of common stock, payable on June 2, 2025, to shareholders of record as of May 5, 2025.

The company will release its 2025 first-quarter financial results on May 1, 2025, before U.S. markets open, followed by a management webcast and conference call at noon ET. Pinnacle West, a Phoenix-based energy holding company, maintains consolidated assets exceeding $27 billion, approximately 6,500 megawatts of generating capacity, and employs about 6,400 people across Arizona and New Mexico. Through its main subsidiary, Arizona Public Service, the company provides retail electricity to approximately 1.4 million Arizona customers.

Pinnacle West Capital (NYSE: PNW) has scheduled the release of its 2025 first-quarter financial results for Thursday, May 1, 2025, before U.S. markets open. The company will host a webcast and conference call at noon ET (9 a.m. Arizona time) to discuss the results.

The energy holding company, based in Phoenix, maintains consolidated assets exceeding $26 billion, approximately 6,500 megawatts of generating capacity, and a workforce of about 6,400 employees across Arizona and New Mexico. Through its main subsidiary, Arizona Public Service, Pinnacle West provides retail electricity service to approximately 1.4 million Arizona homes and businesses.

Arizona Public Service (APS) has deployed new artificial intelligence (AI) smoke-detection cameras to enhance wildfire detection and emergency response capabilities. The system includes over 30 AI cameras installed across various Arizona locations, including Flagstaff, Payson, Prescott, Sedona, north Phoenix, and southeastern Arizona.

The Pano AI technology features smart AI that can detect fire smoke within a 10-mile range, connected satellite data for fire size and location information, and 24/7 live streaming with 360-degree ultra-high-definition views. Recent successful implementations include the detection of the Horton Fire in December 2024 and the Brady Fire in February 2025.

APS's comprehensive wildfire mitigation strategy includes partnerships with federal land managers, regular power line inspections, preventative upgrades, and vegetation management across their 38,000-mile power line network. The company serves approximately 1.4 million homes and businesses in Arizona and aims to achieve 100% clean power by 2050.