Description
Pinnacle West Capital Corporation: From Phoenix Growth to New Meter Adds—A High-Conviction Demand Story in Industrial & Residential Load!
Pinnacle West Capital Corporation demonstrated a strong performance during the third quarter of 2025, marked by noteworthy operational and financial achievements. The company underscored its commitment to reliability and growth amid an environment characterized by record peak demands and challenging weather conditions. The operational excellence was particularly evident in the performance of the Palo Verde Generating Station, which maintained a 100% capacity factor throughout the summer. The company’s financial results reflected a modest year-over-year earnings per share (EPS) increase to $3.39, driven primarily by enhanced transmission revenues and strong sales growth, particularly among residential and commercial and industrial customers. The EPS guidance for 2025 was adjusted upwards to a range of $4.90 to $5.10, indicating confidence in the company’s current strategies and market positioning. Sales growth stood out as a robust aspect of the company’s operational strategy, with weather-normalized sales growth at 5.4% in the quarter.
