Pinnacle West Capital Corporation · PNW · Next earnings

Pinnacle West Capital Corporation reports Wednesday, Feb 24, 2027

PNW reports before market open with consensus EPS at $-0.10 and revenue at $1.11B. Last quarter: Pinnacle West raises 2026 EPS outlook as Arizona demand strengthens

Reports Before market open111 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $-0.10 Calendar consensus
Consensus revenue $1.11B Calendar consensus
Report date Feb 24, 2027 Wednesday, date estimated
Session Before market open 111 days away

Where PNW left off: FY2026 Q3

Full report

Pinnacle West raises 2026 EPS outlook as Arizona demand strengthens

EPS surprise +5.1% Reported $3.49 vs $3.32
Revenue surprise +3.8% Reported $1.97B vs $1.90B
Stock move +1.7% Event window
Subsequent drift 0.0% Up to 20 sessions

Raised: 2026 EPS guidance is now $5.05–$5.25 per share. The prior-quarter analysis reported a $4.55–$4.75 target range, with management then targeting its upper end.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Pending rate-case and other regulatory outcomes could affect the timing of earnings recovery.
  • Generation and transmission plans require substantial capital, with financing adequacy and FFO-to-debt metrics among analyst concerns.
  • Future load growth relies in part on large customers; customer timing and ownership of new generation are relevant uncertainties.
  • Extreme weather can affect system reliability and costs.

Questions analysts left open

  • Cash-flow metrics, including FFO to debt, and the adequacy of the equity capital structure.
  • Possible lag between rate-base growth and earnings recovery, including the timing and impact of the rate case and GRC order.
  • How transmission costs will be allocated between large customers and retail ratepayers.
  • Whether new generation assets will be APS-owned or third-party-owned.

Ask FN2 about PNW next report

Transcript, numbers and history already loaded
What should I watch for in PNW's next earnings report?How did PNW guide last quarter, and is consensus above or below that?Give me the bull and bear case going into PNW earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the PNW recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent PNW quarters

All PNW earnings
+1.7%FY2026 Q3+0.6%FY2026 Q2-1.7%FY2026 Q1-0.3%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

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.