Welcome to our dedicated page for Pinnacl West Cap news (Ticker: PNW), a resource for investors and traders seeking the latest updates and insights on Pinnacl West Cap stock.
Pinnacle West Capital Corporation (NYSE: PNW) is an energy holding company based in Phoenix, Arizona, whose principal subsidiary, Arizona Public Service Company (APS), provides retail electricity service to about 1.4 million homes and businesses in Arizona. The PNW news feed on Stock Titan aggregates company announcements, financial updates and operational developments that shape the outlook for this regulated utility.
Investors and observers following Pinnacle West news will see regular earnings releases, dividend declarations and guidance updates, often furnished via Form 8-K filings. These reports discuss factors such as customer growth, weather-driven usage, operating performance, resource mix and planned capital investments. Management also provides slide presentations and hosts conference calls to explain quarterly results and longer-term expectations.
News from APS, as Pinnacle West’s main subsidiary, highlights system reliability, record peak demand events, and the performance of its diverse generation fleet, including nuclear, natural gas, coal, solar, wind and storage resources. Company communications describe Arizona’s rapid population and economic growth, record-setting summer demand and the need for new infrastructure, such as the proposed Desert Sun Power Plant and participation in natural gas pipeline expansion projects.
Readers can use this page to follow updates on APS’s clean energy and carbon-neutral goals, customer and community assistance programs, and initiatives designed to balance reliability, affordability and clean energy development. For anyone tracking PNW stock, the news stream offers context on how regulatory decisions, resource planning and regional growth trends are reflected in Pinnacle West’s public disclosures and financial commentary. Bookmark this page to monitor new press releases and related coverage as they are published.
Pinnacle West Capital Corporation (NYSE: PNW) has declared a quarterly dividend of $0.83 per share, payable on March 1, 2021, to shareholders on record as of February 1, 2021. The company, based in Phoenix, boasts consolidated assets of approximately $20 billion and a generating capacity of about 6,300 megawatts. Its principal subsidiary, Arizona Public Service, serves nearly 1.3 million retail electricity customers in Arizona.
Arizona Public Service Company (APS) is advancing its clean energy efforts with two new requests for proposals (RFPs) aimed at acquiring renewable energy and enhancing battery energy storage. The RFPs seek to add approximately 300-400 MW of renewable energy and 60 MW of battery capacity at existing solar plants. APS, committed to achieving 100% clean energy by 2050, aims for 45% of its generation portfolio to be renewable by 2030. This strategy supports the growing energy needs of its 1.3 million customers across Arizona.
Arizona Public Service Company (APS) is accelerating its commitment to 100% clean energy by 2050 through a new power purchase agreement (PPA) with Leeward Renewable Energy. The PPA will allow APS to acquire 200 megawatts of wind energy from Leeward's Aragonne Wind facilities over 20 years. This marks a significant collaboration, enhancing Arizona's renewable energy portfolio. APS aims to have 45% of its generation from renewable sources by 2030. The initiative not only modernizes existing wind assets but also supports local economic growth.
Pinnacle West Capital Corp. (NYSE: PNW) announced a consolidated net income of $346.4 million, or $3.07 per diluted share for Q3 2020, up from $312.3 million or $2.77 per share year-over-year. Revenue growth was fueled by hotter-than-normal weather, contributing an additional $29.3 million in revenues. Customer growth of 2.3% also boosted financial outcomes. The company increased its 2020 earnings guidance to a range of $4.95 to $5.15 per diluted share, reflecting strong operational performance despite extreme weather conditions.
Pinnacle West Capital Corporation (NYSE: PNW) announced a 6.1% dividend increase, raising the annual dividend by 19 cents to $3.32 per share, or $0.83 quarterly. The quarterly dividend is payable on December 1, 2020, to shareholders on record by November 2, 2020. This increase aligns with the company's strategy to maintain competitive payouts while investing in growth opportunities.
The upcoming third-quarter earnings release is scheduled for October 30, 2020, followed by a live webcast of management's discussion at noon ET.
Pinnacle West Capital Corp. (NYSE: PNW) will release its third-quarter financial results for 2020 on Friday, Oct. 30, 2020, before U.S. markets open. Management will host a live webcast and conference call at noon ET to discuss the results and recent developments. Pinnacle West, based in Phoenix, has substantial assets totaling approximately $19 billion and provides retail electricity service to nearly 1.3 million customers in Arizona. The company operates about 6,300 megawatts of generating capacity.