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.
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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.