Pinnacle West Capital (PNW) and APS filed an 8-K on November 3, 2025, reporting Q3 2025 financial results.
Q3 Performance: Net income was \(413.2 million, or \)3.39 per share, slightly improving from $3.37 in Q3 2024, though year-to-date earnings remain down 2.4%. Performance was driven by robust customer growth (2.4%) and strong normalized sales growth (5.4%). Record peak demand of 8,631 MW was set in August, highlighting system strain.
Guidance Update: The company raised its full-year 2025 EPS guidance to \(4.90 - \)5.10. The 2026 estimated EPS is projected to decrease to **$4.55 -
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