PNW Stock — Pinnacle West Capital Corp

Up next

Next earnings call

Nov 3, 2026 Est · unconfirmed · in 5 wks

Latest filing: 10-Q

filed Aug 4, 2026

Q2 2026 earnings call transcript

call held Aug 4, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$5.55B

Trailing 12 months

Net income (TTM)

$650.99M

Trailing 12 months

Revenue growth YoY

+7.1%

Year over year

Operating margin

20.5%

Trailing 12 months

P / E (TTM)

18.2

Trailing earnings · reciprocal yield 5.5%

FCF yield

-7.9%

TTM · current market cap

Return on invested capital

5.5%

Trailing 12 months

Net cash

−$10.54B

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+2.2%

Year over year · more shares

Price change (1Y)

+7.3%

Trailing year

Short interest

8.5%

Latest settlement · 12.5 days to cover

View all 115 metrics

AI Brief

Q2 FY26 earnings call · Aug 4, 2026

Q2 FY26

TL;DR. Pinnacle West reported Q2 EPS of $1.43, down $0.15 year-over-year due to higher interest, depreciation, and lower transmission revenue, but reiterated full-year 2026 EPS guidance of $4.55–$4.75 and expects to finish at the top end. Robust customer growth (2.1%), weather-normalized sales growth of 9.6%, a new all-time peak demand of 9,164 MW, and TSMC's expanded $265B Arizona commitment underscore accelerating demand and capital investment needs.

Bullish

+ Reiterated 2026 EPS guidance of $4.55–$4.75 and now expects to finish at the top end
+ Achieved 2.1% customer growth and 9.6% weather-normalized retail sales growth in Q2, with C&I up 12.7%
+ Set a new all-time peak demand record of 9,164 MW on August 2, exceeding last year's record by more than 500 MW
+ O&M expense declined modestly year-over-year, tracking toward long-term per-MWh reduction goal

Bearish

− Interest expense increased year-over-year due to higher debt balances and higher interest rate environment
− Q2 transmission revenues were lower due primarily to a final true-up adjustment related to 2025
− Rate case remains unresolved with final commission decision expected later this year, creating regulatory lag risk

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Neutral

SellHoldBuy

Technical Neutral Momentum Weak Sentiment Bearish Fundamentals Weak Quant / Vol Very Low

Market backdrop VIX 16.4 · calm Equity put/call 0.57

Technical

price trend

Neutral

50 / 200-day cross Death cross

Price vs 200-day avg −4%

below

Price vs 50-day avg −4%

below

RSI (14) 47

neutral

MACD trend Positive

52-week position 35%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Weak

1-month return −3%

trailing

6-month return −9%

trailing

YTD return +7%

this year

Relative strength −21%

vs S&P · 6-mo

Sentiment

smart money

Bearish

Trend (MA cross) Death cross

50d $98 › 200d $99 — 200d above 50d

Institutional flow Flat

1 of 733 funds reported for Sep 30 · net 0 sh shares

Insider flow Distributing

Net -$280.8K over 90 days · 100% sells

Short interest Rising

8.54% of float · ▲ +6.2% MoM · 12.5 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

733 holders — near 3-yr high, broad support

Squeeze score 65

elevated · 0–100

Fundamentals

Weak

Revenue growth +4%

Y/Y

EPS growth −4%

Y/Y

Valuation P/E 17.6

below peers

Balance sheet $9.8B

net debt

Quant / Vol

risk profile

Very Low

Volatility 17%

annualized · 1-yr

Max drawdown −17%

past year

ATR 1.9%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 2 of last 3

Latest guidance · from the 8-K filed Aug 4, 2026

Consolidated earnings · 2026 $4.55 – $4.75

Adjusted gross margin (operating revenues, net of fuel and purch · 2026 $3.31B – $3.37B

Other operating expenses (depreciation and amortization, and tax · 2026 $1.22B – $1.24B

Adjusted operating and maintenance expense (O&M x/RES,DSM) · 2026 $1.02B – $1.04B

Interest expense, net of allowance for borrowed and equity funds · 2026 $415M – $435M

Net income attributable to noncontrolling interests · 2026 $8M

Effective tax rate · 2026 11.5% – 12.5%

Operating revenues · 2026 $5.56B – $5.66B

prior FY $5.34B midpoint +5.1% Y/Y

Fuel and purchased power expenses · 2026 $2.17B – $2.21B

Gross Margin · 2026 $3.39B – $3.45B

Adjustments: Renewable energy and demand side management program · 2026 $80M – $90M

Adjusted gross margin · 2026 $3.31B – $3.37B

Operations and maintenance · 2026 $1.1B – $1.12B

Adjusted operations and maintenance · 2026 $1.02B – $1.04B

Guided vs delivered · last 3 settled

EPS Guidance 2023

guided $4.10 – $4.30

guided $4.10 – $4.30 $4.41 Beat +5.0%

2022 earnings per share guidance 2022

guided $3.90 – $4.10

guided $3.90 – $4.10 $4.26 Beat +6.5%

Consolidated earnings 2020

guided $4.95 – $5.15

guided $4.95 – $5.15 $4.87 Miss −3.6%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

1 · 5 · 1

50 / 200-day cross

Death cross Bearish

Price vs 200-day avg

−4% Neutral

Price vs 50-day avg

−4% Neutral

RSI (14)

47 Neutral

MACD trend

Positive Bullish

52-week position

35% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 3 of 6

Trend (MA cross) Death cross

50d $98 › 200d $99 — 200d above 50d

Institutional flow Flat

1 of 733 funds reported for Sep 30 · net 0 sh shares

Insider flow Distributing

Net -$280.8K over 90 days · 100% sells

Short interest Rising

8.54% of float · ▲ +6.2% MoM · 12.5 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

733 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $87 Now $95 · 35% Range high $109

vs 200-day avg -4% vs 50-day avg -4% 50-day below 200-day death cross

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Utilities - Regulated Electric — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
PNW Pinnacle West Capital Corp this stock	$11.12B	+6.7%	+4.2%	17.6	8.5%
NEE Nextera Energy Inc	$158.65B	-4.9%	-7.1%	19.3	2.7%
SO Southern Co	$93.43B	-4.3%	+10.6%	21.2	2.6%
DUK Duke Energy CORP	$89.47B	-3.0%	+35.1%	17.6	0.0%
NGG National Grid PLC	$75.89B	-2.6%	—	—	0.1%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders

Holders

733

% held: 109.2%
Reported: 1 of 733
Top holder: Capital Research Global I…

Held Float

View

Held by Funds

Fund positions

593

View

Short & Settlement

Short Interest Rising

Shares short

10.3M

Days to cover: 12.5d
Change: +602.7K sh

View

Short Volume

Short vol %

75%

As of: Oct 2, 2026

Short Total

View

Fails to Deliver

FTD shares

510

Value: $49.0K
As of: Sep 14, 2026

View

Off-Exchange

Off-exchange %

36.6%

Week of: Aug 24, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$280.8K

Buyers / Sellers: 0 / 2

Buyers Sellers

View

Congressional Trades Sell

Member

Donna Shalala

Amount: $1.0K–$15.0K
Traded: Jun 24, 2019

View

Financials

Revenue (FY)

$5.3B

Net income (FY): $350.1M
EPS diluted: $5.05

View

Filings

SEC Filings

Latest

8-K

Filed: Sep 30, 2026
This year: 22

View

Proposed Sales

Value

$183.6K

Shares: 1.8K
Filed: Aug 7, 2026

View

Exempt Offerings

Offering

Indefinite

Filed: Dec 15, 2025

View

Earnings & Events

Webcasts

Last webcast

Aug 4, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
PNW	+3.9%	-2.8%	-8.7%	+1.7%	+6.7%
SPY	-0.4%	-0.2%	+12.4%	+0.2%	+12.0%
vs SPY	+4.3%	-2.7%	-21.1%	+1.5%	-5.4%

PNW · Pinnacle West Capital Corp

Price & Indicators

Up next

Metrics snapshot

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance