Pinnacle West Capital

Pinnacle West Capital's stock rose to an all-time high of $108.45 and is currently just below that at $108.38. Over the past six months the price gained 22.87%, and year-to-date it is up 19.85%. The company reported Q1 2026 EPS of $0.27, a positive earnings surprise versus the expected -$0.05. Pinnacle West raised its quarterly dividend to $0.91 per share; the stock currently yields 3.42% and was, according to analysis, possibly overvalued relative to the fair-value estimate. » More on de.investing.com

Pinnacle West reported Q1 2026 earnings per share of $0.27, turning a year-ago loss into a clear profit; analyst expectations were comfortably exceeded. Revenue rose to $1.15 billion (+11.3%), driven by robust weather-adjusted sales growth (+7.4%) and an increase of 31,032 customers. The company plans extensive capital investments (a four-year plan of $10.35 billion) to expand the grid and capacity and has raised its long-term sales growth target. Remaining risks include regulatory rate cases, rising interest costs and the challenge of meeting rapid demand growth reliably and affordably. » More on de.investing.com

Pinnacle West reported EPS of $0.27 in the first quarter of 2026, well above the $-0.05 forecast, and revenue of $1.15 billion versus $1.09 billion expected. Drivers included transmission revenues ($0.16 per share), weather-related effects ($0.13) and customer growth of 2.2%. Despite the strong results, the stock fell 2.45% premarket to $101. The company confirms a positive outlook and continues to pursue infrastructure projects such as Redhawk Expansion and Desert Sun Project. » More on de.investing.com