Pinnacle West announces conversion of Cholla Power Plant to natural gas
The two-unit conversion to natural gas will add 380 MW and support Arizona's growing energy demand.
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Electric utility holding company
pinnaclewest.comLast updated
In short: Pinnacle West Capital Corporation reported solid 2026 earnings and advanced infrastructure projects to meet rising energy demand.
The two-unit conversion to natural gas will add 380 MW and support Arizona's growing energy demand.
Net income reaches $32.9 million or $0.27 per share, up from prior year's loss, driven by warmer weather, customer growth, and higher transmission revenues. Outlook remains $4.55-$4.75 per share.
The board declares $0.91 per share, payable June 1, 2026, to shareholders of record May 4, 2026. First-quarter results and conference call are scheduled for May 4.
Net income reaches $616.5 million or $5.05 per share, up from 2024. Strong customer growth of 2.4% and sales increase drive results. 2026 earnings outlook is $4.55-$4.75 per share.
PNW's Q2 sales and revenues are expected to have risen as Arizona customer growth and industrial...
Shares of Pinnacle West Capital Corp. PNW shed 2.90% to $102.28 Wednesday, on what proved to be an all-around rough trading session for the stock...
Pinnacle West Capital will release its second-quarter earnings next month, and analysts anticipate a single-digit profit dip.
Wall Street closes mixed on U.S.-Iran ceasefire news; after-hours stocks to watch: Costco sales, NovoCure trial miss, Pinnacle West surge.
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