Pinnacle West Q2 Earnings In Line With Estimates, Revenues Rise Y/Y

Pinnacle West Capital Corporation PNW reported second-quarter 2025 earnings of $1.58 per share, in line with the Zacks Consensus Estimate. In the year-ago quarter, the company reported earnings of $1.76 per share.  

Total Revenues of PNW

Sales for the quarter totaled $1.36 billion, which surpassed the Zacks Consensus Estimate of $1.26 billion by 7.5%. The top line also increased 3.8% from $1.31 billion recorded in the year-ago quarter.

PNW’s Operational Highlights

Total operating expenses were $1.05 billion, up 6.1% year over year. This was due to higher fuel and purchased power, increased operations and maintenance expenses and increased depreciation and amortization. 

Operating income totaled $307.6 million, down 1.9% from $313.7 million recorded in the year-ago quarter.

Total interest expenses were $113.5 million, up 4.2% from $108.9 million registered in the prior-year period.

PNW’s Financial Highlights

As of June 30, 2025, cash and cash equivalents totaled $18.8 million compared with $3.84 million as of Dec. 31, 2024.

As of the same date, long-term debt-less current maturities amounted to $8.51 billion compared with $8.06 billion as of Dec. 31, 2024.

Net cash flow provided by operating activities in the first six months of 2025 totaled $663.3 million compared with $537.1 million in the year-ago period.

PNW’s Guidance

The company continues to expect 2025 consolidated earnings in the range of $4.40-$4.60 per share. The Zacks Consensus Estimate for the same is pegged at $4.53, higher than the midpoint of the company’s guided range.

Pinnacle West plans to invest $7.6 billion in the 2025-2027 period to further strengthen its operations.

Management expects its retail customers to increase 1.5-2.5% in 2025.

PNW’s Zacks Rank

Pinnacle West currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Utility Releases

Sempra Energy SRE is slated to report second-quarter results on Aug. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at 83 cents per share.

SRE’s long-term (three to five years) earnings growth rate is 7.94%. The Zacks Consensus Estimate for 2025 sales is pinned at $15.86 billion, implying a year-over-year increase of 20.3%. 

Evergy EVRG is slated to report second-quarter results on Aug. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at 77 cents per share.

EVRG’s long-term earnings growth rate is 5.73%. The Zacks Consensus Estimate for 2025 sales is pinned at $5.96 billion, implying a year-over-year increase of 1.9%. 

Alliant Energy LNT is slated to report second-quarter results on Aug. 7, after market close. The Zacks Consensus Estimate for earnings is pegged at 62 cents per share.

LNT’s long-term earnings growth rate is 6.59%. The Zacks Consensus Estimate for second-quarter sales is pinned at $987.4 million, which implies a year-over-year improvement of 10.5%.

 

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research