Quarterly ResultAug 4, 2026, 08:26 AM
Pinnacle West Q2 Revenue $1.46B; 6M Net Income $211.49M
AI Summary
Pinnacle West Capital Corporation reported mixed financial results for the second quarter and first six months of 2026. While operating revenues increased for both periods, net income attributable to common shareholders decreased in Q2 2026 but rose for the six-month period. The company also saw an increase in capital expenditures and total assets, alongside a decrease in net cash provided by operating activities.
Key Highlights
- Q2 2026 operating revenues rose to $1.46 billion from $1.36 billion YoY.
- Six-month 2026 operating revenues increased to $2.61 billion from $2.39 billion YoY.
- Q2 2026 net income attributable to common shareholders decreased to $178.57 million from $192.56 million YoY.
- Six-month 2026 net income attributable to common shareholders increased to $211.49 million from $187.92 million YoY.
- Diluted EPS for six months ended June 30, 2026, was $1.70, up from $1.54 YoY.
- Net cash from operating activities for six months was $629.27 million, down from $663.33 million YoY.
- Capital expenditures for six months totaled $1.36 billion, up from $1.33 billion YoY.
- Total assets grew to $32.58 billion as of June 30, 2026, from $30.03 billion at year-end 2025.
Price Impact
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