Pinnacle West Capital Corporation · PNW · Next earnings

Pinnacle West Capital Corporation reports Monday, Nov 2, 2026

PNW reports before market open with consensus EPS at $3.11 and revenue at $1.84B. Last quarter: Pinnacle West Beats Q1 Estimates as Arizona Semiconductor Load Powers 9.4% Sales Growth

Reports Before market open43 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $3.11 Calendar consensus
Consensus revenue $1.84B Calendar consensus
Report date Nov 2, 2026 Monday, date estimated
Session Before market open 43 days away

Where PNW left off: FY2026 Q1

Full report

Pinnacle West Beats Q1 Estimates as Arizona Semiconductor Load Powers 9.4% Sales Growth

EPS surprise +1000.0% Reported $0.27 vs $-0.03
Revenue surprise +6.0% Reported $1.15B vs $1.08B
Stock move -1.7% Event window
Subsequent drift -2.9% Up to 20 sessions

Guidance maintained. Full-year 2026 EPS range of $4.55-$4.75 and sales growth of 4-6% reiterated. Equity funding of $850M is in place, with $650M needed this year. Capex outlook is increasing.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Regulatory lag and uncertainty in the rate case outcome could pressure earnings.
  • Higher financing costs and interest expense from increased debt to fund the capital program.
  • Potential delays in federal permitting for transmission and gas infrastructure projects.
  • Dependence on continued growth from the semiconductor sector and large-load customers.
  • Higher depreciation and amortization expense from new plant additions could compress margins.

Questions analysts left open

  • Sustainability of long-term sales growth outlook of 5-7% through 2030.
  • 200-basis-point delta between EPS growth and rate-base CAGR.
  • Timing and content of the August 3 IRP filing.
  • Progress and sizing of subscription-model contracts for large-load customers.
  • Potential impact of nuclear and gas conversion initiatives.

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Recent PNW quarters

All PNW earnings
-1.7%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.