Pinnacle West Capital Corp. (PNW) reported consolidated net income attributable to common shareholders for the third quarter of $186.7 million or $1.84 per share, higher than $151.6 million or $1.50 per share in the same quarter a year-ago.
The company's on-going consolidated earnings for the third quarter were $199.1 million or $1.96 per share, up from $161.1 million or $1.59 per share in the prior year quarter.
On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $1.75 per share for the quarter. Analysts' estimates typically exclude special items.
Quarterly operating revenues rose to $1.14 billion from $1.07 billion in the previous year quarter. Analysts expected the company to report revenue of $1.07 billion for the quarter.
Looking ahead, the company continues to expect its on-going consolidated earnings for 2009 will be within a reasonable range around $2.30 per share, excluding the results of its real estate segment.
For 2010, the company continues to estimate its on-going consolidated earnings will be within a reasonable range around $3.00 per share, excluding the impacts of its real estate segment.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.