PNW · 8-K · 20261103PR000051

Revenue Performance and Mix

PINNACLE WEST CAPITAL CORP · 2026-11-03 · Importance 42 · Surprise 14 · From source text

Third-quarter 2026 operating revenues were $1.973 billion, up $152.0 million, or 8.3%, from $1.821 billion in the third quarter of 2025. APS reported weather-normalized sales growth of 9.5%, with commercial and industrial sales up 14.5% and residential sales up 4.5%. Customer growth was 1.8% overall, including 1.9% residential customer growth.

Key facts

• Pinnacle West's APS is providing more than $33 million in bill credits, expected to reduce a typical residential customer's November bill by about $14; business customers will also benefit based on energy use. source
• Pinnacle West reported 2026 third-quarter consolidated net income attributable to common shareholders of $434.2 million, or $3.49 per diluted share, compared with $413.2 million, or $3.39 per diluted share, in the 2025 third quarter. source
• Pinnacle West's operating revenues were $1,972,746 thousand in the three months ended September 30, 2026, compared with $1,820,741 thousand in the three months ended September 30, 2025. source
• Pinnacle West's operating revenues were $4,578,092 thousand in the nine months ended September 30, 2026, compared with $4,211,772 thousand in the nine months ended September 30, 2025. source
• Pinnacle West is making an additional $5 million available to support customers experiencing financial hardship, funded by Pinnacle West and not through customer rates. source
• Pinnacle West's 2026 third-quarter results increased about $21 million from the 2025 third quarter, primarily due to increased customer sales and usage, positive weather effects, and customer growth; higher depreciation and amortization expenses and interest charges partially offset those factors. source
• Pinnacle West's weather-normalized sales grew 9.5% in the 2026 third quarter; commercial and industrial sales increased 14.5%, and residential sales grew 4.5%. source

Impact estimates