PNW · 8-K · 20260904PR000046
Guidance / Outlook
PINNACLE WEST CAPITAL CORP · 2026-09-04 · Importance 68 · Surprise 68 · In source text
Pinnacle West set a long-term EPS growth target of 5%-7% CAGR off the original 2024 midpoint, based on its current weather-normalized projections from 2024 through 2028. Its 2026-2028 capital plan totals approximately $10.35 billion for APS and excludes up to approximately $440 million for the Cholla gas-conversion project. The company also said its long-term sales growth guidance is 5%-7% through 2030.
Key facts
- Pinnacle West said its long-term weather-normalized sales growth guidance was 5%-7% through 2030. source
- Pinnacle West increased its long-term sales growth guidance to 5%-7% and extended it through 2030. source
- Pinnacle West's long-term EPS growth target was 5%-7% CAGR off the original 2024 midpoint. source
- Pinnacle West's 2026 sales growth guidance was 4%-6%. source
- Pinnacle West's long-term EPS growth target was based on current weather-normalized compound annual growth rate projections from 2024-2028. source
- As of December 31, 2025, Pinnacle West had consolidated assets of $30 billion and a market capitalization of $10.62 billion. source
- Pinnacle West's generating capacity owned or leased at year-end 2025 was 6.3 GW, and it served 1.4 million customers. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | Pinnacle West increased its long-term sales growth guidance to 5%-7% and extended it through 2030. |
| net_income | positive | committed | — | Pinnacle West's long-term EPS growth target was 5%-7% CAGR off the original 2024 midpoint. |
| revenue | positive | committed | — | Pinnacle West's 2026 sales growth guidance was 4%-6%. |