While reporting financial results for the third quarter on Monday, energy holding company Pinnacle West Capital Corp. (PNW) raised its consolidated earnings guidance for the full-year 2025, and initiated outlook for the full-year 2026.
Foe fiscal 2025, the company now projects consolidated earnings in a range of $4.90 to $5.10 per share, up from the prior forecast range of $4.40 to $4.60 per share on a weather-normalized basis.
On average, nine analysts polled expect the company to report earnings of $4.58 per share for the year. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2026, the company expects consolidated earnings will be within a range of $4.55 to $4.75 per share on a weather-normalized basis. The Street is looking for earnings of $4.65 per share for the year.
For the fourth quarter, the company reported a net loss attributable to common shareholders of $413.21 million or $3.39 per share, higher than $394.97 million or $3.37 per share in the prior-year quarter.
Total operating revenues for the quarter increased to $1.82 billion from $1.77 billion in the same quarter last year.
Analysts expected earnings of $3.09 per share on revenues of $1.79 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.