While reporting financial results for the first quarter on Monday, energy holding company Pinnacle West Capital Corp. (PNW) reaffirmed its consolidated earnings guidance for the full-year 2026.
For fiscal 2026, the company continues to expect consolidated earnings in the range of $4.55 to $4.75 per share on a weather-normalized basis.
For the first quarter, the company reported net income attributable to common shareholders of $32.92 million or $0.27 per share, compared to a net loss $4.64 million or $0.04 per share in the prior-year quarter.
Total operating revenues for the quarter increased to $1.15 billion from $1.03 billion in the same quarter last year.
In Monday's pre-market trading, PNW is trading on the NYSE at $100.64, down $2.95 or 2.85 percent.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.