PNW · 8-K · 20260807PR000044
Revenue Performance and Mix
PINNACLE WEST CAPITAL CORP · 2026-08-07 · Importance 36 · Surprise 40
Weather-normalized retail sales grew 9.6% in the first quarter of 2026 and 7.4% in the second quarter of 2026, following 5.9% growth in the first quarter of 2025 and 5.5% in the second quarter of 2025. Commercial and industrial sales grew 13.6% year to date in 2026 as extra-high-load-factor customers ramped consumption. Residential and non-residential customers each represented 50% of the 2025 retail sales mix. The company raised its long-term weather-normalized sales growth guidance to 5%-7% through 2030 and maintained 2026 guidance at 4%-6%.