Pinnacle West Q2 Earnings In Line With Estimates, Revenues Rise Y/Y

Pinnacle West Capital Corporation PNW reported second-quarter 2025 earnings of $1.58 per share, in line with the Zacks Consensus Estimate. In the year-ago quarter, the company reported earnings of $1.76 per share.  Total Revenues of PNWSales for the quarter totaled $1.36 billion, which surpassed the Zacks Consensus Estimate of $1.26 billion by 7.5%. The top line also increased 3.8% from $1.31 billion recorded in the year-ago quarter. Pinnacle West Capital Corporation Price, Consensus and EPS Surprise Pinnacle West Capital Corporation price-consensus-eps-surprise-chart | Pinnacle West Capital Corporation QuotePNW’s Operational HighlightsTotal operating expenses were $1.05 billion, up 6.1% year over year. This was due to higher fuel and purchased power, increased operations and maintenance expenses and increased depreciation and amortization. Operating income totaled $307.6 million, down 1.9% from $313.7 million recorded in the year-ago quarter.Total interest expenses were $113.5 million, up 4.2% from $108.9 million registered in the prior-year period.PNW’s Financial HighlightsAs of June 30, 2025, cash and cash equivalents totaled $18.8 million compared with $3.84 million as of Dec. 31, 2024.As of the same date, long-term debt-less current maturities amounted to $8.51 billion compared with $8.06 billion as of Dec. 31, 2024.Net cash flow provided by operating activities in the first six months of 2025 totaled $663.3 million compared with $537.1 million in the year-ago period.PNW’s GuidanceThe company continues to expect 2025 consolidated earnings in the range of $4.40-$4.60 per share. The Zacks Consensus Estimate for the same is pegged at $4.53, higher than the midpoint of the company’s guided range.Pinnacle West plans to invest $7.6 billion in the 2025-2027 period to further strengthen its operations.Management expects its retail customers to increase 1.5-2.5% in 2025.PNW’s Zacks RankPinnacle West currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming Utility ReleasesSempra Energy SRE is slated to report second-quarter results on Aug. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at 83 cents per share.SRE’s long-term (three to five years) earnings growth rate is 7.94%. The Zacks Consensus Estimate for 2025 sales is pinned at $15.86 billion, implying a year-over-year increase of 20.3%. Evergy EVRG is slated to report second-quarter results on Aug. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at 77 cents per share.EVRG’s long-term earnings growth rate is 5.73%. The Zacks Consensus Estimate for 2025 sales is pinned at $5.96 billion, implying a year-over-year increase of 1.9%. Alliant Energy LNT is slated to report second-quarter results on Aug. 7, after market close. The Zacks Consensus Estimate for earnings is pegged at 62 cents per share.LNT’s long-term earnings growth rate is 6.59%. The Zacks Consensus Estimate for second-quarter sales is pinned at $987.4 million, which implies a year-over-year improvement of 10.5%. Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sempra Energy (SRE): Free Stock Analysis Report Pinnacle West Capital Corporation (PNW): Free Stock Analysis Report Alliant Energy Corporation (LNT): Free Stock Analysis Report Evergy Inc. (EVRG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks