PNW · 8-K · 20261106PR000055
Guidance / Outlook
PINNACLE WEST CAPITAL CORP · 2026-11-06 · Importance 88 · Surprise 100 · In source text
Pinnacle West updated 2026 weather-normalized sales growth guidance to 8%-10% and increased long-term sales growth guidance to 8%-10% through 2030. Large C&I customers account for 7%-9% of the 8%-10% long-term growth guidance, which runs through 2030. The company targets long-term EPS growth of 5%-7% off its original 2024 midpoint, based on weather-normalized projections from 2024-2028.
Key facts
- Pinnacle West’s 2026 O&M guidance is $1.035-$1.045 billion in total, including $75-$85 million for planned outages, $50-$60 million for RES/DSM, and $955 million of core O&M. source
- Pinnacle West increased its long-term sales growth guidance to 8%-10% and extended it through 2030. source
- Pinnacle West updated its 2026 sales growth guidance to 8%-10%. source
- Pinnacle West targets long-term EPS growth of 5%-7% off its original 2024 midpoint. source
- Pinnacle West’s long-term EPS growth target is based on current weather-normalized compound annual growth rate projections from 2024-2028. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | Pinnacle West increased its long-term sales growth guidance to 8%-10% and extended it through 2030. |
| revenue | positive | committed | — | Pinnacle West updated its 2026 sales growth guidance to 8%-10%. |
| net_income | positive | committed | — | Pinnacle West targets long-term EPS growth of 5%-7% off its original 2024 midpoint. |