PNW · News · 20260804N

Revenue Performance and Mix

PINNACLE WEST CAPITAL CORP · 2026-08-04 · Importance 31 · Surprise 32

Pinnacle West reported second-quarter 2026 revenue of approximately $1.45 billion to $1.46 billion, up 7.1% year over year and about $60 million above consensus estimates. Weather-normalized sales increased 9.6%, while customer growth reached 2.1% in Arizona. Demand was strong across residential, commercial, and industrial customers, with data centers and advanced manufacturing contributing to growth. The utility also set a new peak-demand record during the quarter.

Key facts

• Weather-normalized sales rose 9.6% and customer growth was 2.1%. source
• Second-quarter 2026 revenues increased 7.1% year-over-year to $1.46 billion. source
• Quarterly sales of $1.455 billion surpassed consensus estimates by 4.68% and rose 7.06% year-over-year. source
• One report said quarterly sales of $1.455 billion were driven by favorable weather, 2.1% customer growth, and strong operational performance. source