Form 8-K · Current report
Pinnacle West Capital 8-K, filed Aug 4, 2026
- Filed
- CIK
- 0000764622
- Accession no.
- 0000764622-26-000040
Summary
Pinnacle West Capital reported second-quarter 2026 consolidated net income attributable to common shareholders of $178.6 million, or $1.43 per diluted share, down from $192.6 million, or $1.58 per diluted share, a year earlier, attributing the roughly $14 million decline mainly to higher interest charges, higher depreciation and amortization, and lower transmission service revenues, partly offset by weather, customer growth and usage, lower operations and maintenance expenses, and lower taxes. The company reiterated its 2026 earnings estimate of $4.55 to $4.75 per diluted share on a weather-normalized basis, and its subsidiary Arizona Public Service said it plans to convert two retired coal-fired units at the Cholla Power Plant near Joseph City to natural gas, about 380 MW returning online by 2029, subject to regulatory approvals with construction expected to begin in 2028.
Key points
- Pinnacle West Chairman, President and Chief Executive Officer Ted Geisler cited a 7% increase in residential cooling degree days in the 2026 second quarter versus the prior-year period.
- Arizona Public Service reported 2.1% residential customer growth, 5.6% weather-normalized sales growth, and a 9.6% increase in total sales for the quarter.
- APS said it enhanced its Safety Net program with earlier notifications about past-due bills, potential disconnection notices and outages, and expanded enrollment channels.
- APS offers income-based bill discounts of up to 25% or 60%, emergency utility bill assistance of up to $1,000 annually, and up to $500 annually in emergency energy bill assistance through its Salvation Army-administered CARE program.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition. The following information is furnished pursuant to Item 2.02. On August 4, 2026, Pinnacle West Capital Corporation (“Pinnacle West”) issued a press release regarding its financial results for the fiscal quarter ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1. Item 7.01. Regulation FD Disclosure. The following information is furnished pursuant to Item 7.01. Pinnacle West is providing a copy of the slide presentation made in connection with the quarterly earnings conference call on August 4, 2026. …
An excerpt of the text as filed with the SEC, cut for length.
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