Pinnacl West Cap Stock Price, News & Analysis

Pinnacle West Capital Corporation (NYSE: PNW) has announced a quarterly dividend of $0.865 per share of common stock. This dividend is set to be paid on June 1, 2023, to shareholders who are on record as of May 1, 2023. The company, based in Phoenix, holds assets worth approximately $23 billion and has a generating capacity of about 6,300 megawatts. It provides retail electricity services to more than 1.3 million customers in Arizona. For more details, visit pinnaclewest.com.

Pinnacle West Capital Corp. (NYSE: PNW) has announced the release of its 2023 first-quarter financial results, scheduled for May 4, 2023, before U.S. markets open. Subsequently, management will host a live webcast and conference call at noon ET to discuss the financial results and any recent developments. The company, based in Phoenix, manages assets of approximately $23 billion, with a generating capacity of about 6,300 megawatts. Pinnacle West provides retail electricity to over 1.3 million customers in Arizona through its subsidiary, Arizona Public Service.

Pinnacle West Capital Corp. (PNW) reported a 2022 net income of $483.6 million ($4.26 per diluted share), down from $618.7 million ($5.47 per diluted share) in 2021. The fourth quarter saw a net loss of $24 million ($0.21 per share), compared to a profit of $27.6 million ($0.24 per share) the previous year. Key challenges included lower revenue due to the prior rate case outcome and increased operational costs. Conversely, the company experienced a 2.1% customer growth and aims for 1.5% to 2.5% growth until 2025. PNW's Clean Energy Commitment focuses on providing 100% clean electricity by 2050. For 2023, earnings are projected at $3.95 to $4.15 per share.

Pinnacle West Capital Corp. (NYSE: PNW) has appointed Kristine L. Svinicki, former Chairman of the Nuclear Regulatory Commission, to its board of directors effective immediately. With over 30 years of public service, Svinicki served as NRC chair from January 2017 until 2021 and is recognized for her expertise in nuclear energy regulation and safety. Her addition is expected to enhance the board's Audit and Nuclear & Operating committees and bring valuable insights, especially regarding operations at the Palo Verde Generating Station. Pinnacle West, based in Phoenix, manages assets worth approximately $23 billion and generates around 6,300 megawatts of power.

Pinnacle West Capital Corp. (NYSE: PNW) will release its 2022 fourth-quarter and full-year financial results on February 27, 2023, before U.S. markets open. A live conference call will occur at 11 a.m. ET on the same day, where management will discuss the financial outcomes and recent developments. Interested parties can access the webcast at www.pinnaclewest.com/presentations or dial (888) 506-0062 for audio participation. Replay options will be available via webcast and a dedicated phone line until March 6, 2023.

Pinnacle West Capital Corporation (NYSE: PNW) has declared a quarterly dividend of $0.865 per share, payable on March 1, 2023, to shareholders of record as of February 1, 2023. The company, based in Phoenix, has assets of approximately $23 billion and operates about 6,300 megawatts of generating capacity, serving over 1.3 million customers in Arizona.

Pinnacle West Capital Corp. (NYSE: PNW) reported Q3 2022 consolidated net income attributable to common shareholders of $326.3 million, or $2.88 per diluted share, down from $339.8 million, or $3.00 per share, year-over-year. Factors affecting results included a prior unfavorable rate case, lower revenue, and higher expenses, though these were partially offset by 2.0% customer growth and warmer weather. The company's earnings guidance for 2022 was raised to a range of $4.20 to $4.35 per diluted share.

Pinnacle West Capital Corporation (NYSE: PNW) has announced a 1.8% increase in its annual dividend, raising it by 6 cents to $3.46 per share. This translates to a quarterly dividend of $0.865, payable on Dec. 1, 2022 to shareholders of record as of Nov. 1, 2022. Additionally, the company will release its third-quarter results on Nov. 3, 2022, and will hold a webcast to discuss these developments.