Quarterly ResultMay 4, 2026, 08:31 AM
Pinnacle West Q1 Net Income $32.9M; EPS $0.27
AI Summary
Pinnacle West Capital Corp reported a significant turnaround in its first-quarter 2026 financial results, moving from a net loss to a profit. Net income attributable to common shareholders reached $32.9 million, or $0.27 per diluted share, compared to a loss of $4.6 million, or $(0.04) per share, in the prior year. Operating revenues increased to $1.15 billion from $1.03 billion, while operating income more than doubled. The company also issued $594.8 million in long-term debt during the quarter.
Key Highlights
- Net income attributable to common shareholders was $32.9 million, up from $(4.6) million in Q1 2025.
- Diluted EPS was $0.27, a significant improvement from $(0.04) in Q1 2025.
- Operating revenues increased to $1.15 billion from $1.03 billion year-over-year.
- Operating income more than doubled to $131.17 million from $57.22 million in Q1 2025.
- Net cash provided by operating activities was $235.3 million, down from $401.9 million.
- Long-term debt issuance totaled $594.8 million in Q1 2026.
- Capital expenditures were $(628.4) million, up from $(622.6) million.
Price Impact
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