Pinnacle West Q2 2022 Earnings Report
Key Takeaways
Pinnacle West reported consolidated net income attributable to common shareholders of $164.3 million, or $1.45 per diluted share, for the quarter ended June 30, 2022. The company's second-quarter results reflect the unfavorable outcome of the company’s recent general rate case, which was implemented on Dec. 1, 2021.
Quarterly results were consistent with expectations, and full-year 2022 earnings guidance was maintained.
Customer and sales growth continue to bolster the company’s underlying fundamentals.
EPA recognized APS as 2022 ENERGY STAR® Partner of the Year.
The company continues to expect its consolidated earnings guidance will be in the range of $3.90 to $4.10 per diluted share on a weather-normalized basis for 2022.
Pinnacle West
Pinnacle West
Forward Guidance
For 2022, the company continues to expect its consolidated earnings guidance will be in the range of $3.90 to $4.10 per diluted share on a weather-normalized basis.