Pinnacle West (PNW) is undervalued due to near-term earnings lumpiness, offering a compelling entry point for long-term investors. AI-driven data center demand is fueling robust, multi-year growth pipelines for regulated electric utilities, supporting 6–9% annual earnings growth. PNW's 2026 rate case is expected to reset revenues for inflation, positioning the company for a strong earnings rebound in 2027 and beyond.
PNW beats Q3 earnings and revenue estimates, lifts its 2025 EPS outlook and outlines major investment plans through 2028.
Pinnacle West Capital Corporation ( PNW ) Q3 2025 Earnings Call November 3, 2025 11:00 AM EST Company Participants Amanda Ho - Director of Investor Relations Theodore Geisler - Chairman of the Board, President and CEO Andrew Cooper - Senior VP & CFO Conference Call Participants Julien Dumoulin-Smith - Jefferies LLC, Research Division Fei She - Barclays Bank PLC, Research Division Travis Miller - Morningstar Inc., Research Division Stephen D'Ambrisi - RBC Capital Markets, Research Division Presentation Operator Good day, everyone, and welcome to the Pinnacle West Capital Corporation Third Quarter 2025 Earnings Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Amanda Ho.
| - Industry | - Sector | Theodore N. Geisler CEO | NYSE Exchange | 723484101 CUSIP |
| US Country | 6,400 Employees | 3 Nov 2025 Last Dividend | 28 Apr 2011 Last Split | 19 Jul 1984 IPO Date |
Pinnacle West Capital Corporation is a prominent energy provider focused on the generation, transmission, and distribution of electricity within Arizona. Founded in 1985 and headquartered in Phoenix, Arizona, the company extends its services through its subsidiary, supplying both retail and wholesale electric services. It plays a significant role in the region’s energy infrastructure, utilizing a diverse mix of energy sources such as coal, nuclear, gas, oil, and solar to meet the electricity demands of its customers. Pinnacle West is not only involved in the direct aspects of electricity supply but also invests in the ownership and maintenance of essential transmission, distribution substations, and energy storage facilities.
Pinnacle West generates electricity using a diverse portfolio of energy sources, including coal, nuclear, gas, oil, and solar. This variety ensures a balanced and reliable supply of electricity that can meet varying demand levels and reduce dependency on a single energy source.
The company’s transmission services involve the delivery of electricity over long distances via both overhead and underground lines. These facilities are crucial for distributing power from generation sites to distribution networks, ensuring that electricity reaches end consumers across Arizona.
Pinnacle West’s distribution services are focused on providing electricity to homes and businesses through an extensive network of overhead lines and underground primary cables. The company owns and maintains distribution substations to facilitate this critical last-mile connectivity.
Owning and maintaining energy storage facilities allows Pinnacle West to bolster the reliability and stability of its electricity supply. These facilities can store excess electricity generated during low demand periods and release it during peak demand times, ensuring an efficient and steady flow of power to meet the needs of its customers.