Pinnacle West — 2026 Third Quarter Earnings Summary

Pinnacle West Capital Corp. reported consolidated net income attributable to common shareholders of $434.2 million, or $3.49 per diluted share, for the third quarter of 2026, representing an increase from the $413.2 million reported in the same period of 2025. This financial performance was driven by a 9.5% growth in weather-normalized sales, a 14.5% rise in commercial and industrial sales, and favorable weather conditions that increased energy demand. The company adjusted its full-year 2026 earnings guidance upward to a range of $5.05 to $5.25 per diluted share, citing continued customer growth and positive weather impacts. Additionally, APS implemented a $33 million bill credit program for customers and allocated $5 million in financial hardship assistance funded by Pinnacle West.