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 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.
Ameresco, Inc. (NYSE: AMRC) and Bright Canyon Energy recently held a groundbreaking ceremony for the Kūpono Solar Project in ‘Ewa, designed to generate 42 megawatts (MW) of renewable energy, powering about 10,000 homes in O‘ahu. The project, which includes a solar array and lithium-ion battery storage, will reduce carbon dioxide emissions by over 50,000 tons annually. This joint venture supports Hawaiian Electric's grid and aligns with the state’s 100% clean energy goal by 2045. Construction is set to finish in early 2024.
Pinnacle West Capital Corp. (NYSE: PNW) is set to release its third-quarter financial results for 2022 on November 3, 2022, prior to the opening of U.S. financial markets. A live webcast and conference call will follow at noon ET to discuss these results and recent company developments. Pinnacle West boasts consolidated assets of approximately $23 billion and a generating capacity of around 6,300 megawatts, serving over 1.3 million customers through Arizona Public Service.
Pinnacle West Capital Corp. (NYSE: PNW) reported a consolidated net income of $164.3 million, or $1.45 per diluted share, for Q2 2022, down from $215.7 million, or $1.91 per share, in Q2 2021. The decline was attributed to unfavorable outcomes from a recent rate case, higher expenses, and lower revenue. However, customer growth of 2% and sales growth of 3.2% were noted as positives. The company maintains its 2022 earnings guidance of $3.90 to $4.10 per share, supported by continued customer and sales growth.
Pinnacle West Capital Corp. (NYSE: PNW) will release its Q2 2022 financial results on Wednesday, August 3, 2022, before U.S. markets open. Management will hold a live webcast and conference call at noon ET to discuss these results and recent developments. With consolidated assets of approximately $22 billion, Pinnacle West serves over 1.3 million customers in Arizona through its subsidiary, Arizona Public Service. Investors can access the live call via phone or webcast.