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Jun 30, 2022
Pinnacle West Q2 2022 Earnings Report
Pinnacle West's second-quarter results reflected the unfavorable outcome of the company’s recent general rate case, which was implemented on Dec. 1, 2021.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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