PNW · News · 20260804N

Liquidity and Debt Position

PINNACLE WEST CAPITAL CORP · 2026-08-04 · Importance 58 · Surprise 42

Pinnacle West outlined an approximately $8 billion financing plan for 2026–2028 to fund its Arizona utility investment program. The plan includes $1.0 billion to $1.2 billion of equity financing, which could create shareholder dilution. The company said it maintained investment-grade credit ratings while pursuing the financing plan. Pinnacle West targets a dividend payout ratio of 65% to 75%.

Key facts

• The company's stock rose 1.57% over the last three months and 9.17% over the last year. source