PNW · 8-K · 20260930PR000049

Market Demand Trends

PINNACLE WEST CAPITAL CORP · 2026-09-30 · Importance 76 · Surprise 74 · In source text

APS reported 10 consecutive quarters of weather-normalized retail sales growth within or above its original 4%–6% long-term range. Weather-normalized retail sales growth was 9.6% in Q1 2026 and 7.4% in Q2 2026, while year-to-date 2026 C&I sales growth was 13.6%. The company said extra-high-load-factor customers continued to ramp and increased its long-term sales growth range to 5%–7% through 2030.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuepositivecommitted—PINNACLE WEST CAPITAL CORP forecasts long-term weather-normalized sales growth of 5%-7% through 2030.