Pinnacle West Capital (PNW) Set to Release Quarterly Earnings on Tuesday

Pinnacle West Capital (NYSE:PNW) will likely be announcing its Q3 2026 results before the market opens on Tuesday, November 3rd. Analysts expect the company to announce earnings of $3.32 per share and revenue of $1.90 billion for the quarter. Pinnacle West Capital has set its FY 2026 guidance at 4.550-4.750 EPS. Individuals may visit the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 11:00 AM ET.

Pinnacle West Capital (NYSE:PNW) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $1.58 earnings per share. Pinnacle West Capital’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts expect Pinnacle West Capital to post $4.81 EPS for the current fiscal year and $5.59 EPS for the next fiscal year.

Pinnacle West Capital Price Performance

PNW stock opened at $105.25 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.59 and a debt-to-equity ratio of 1.38. Pinnacle West Capital has a 52-week low of $86.18 and a 52-week high of $111.16. The stock’s 50 day moving average is $97.79 and its two-hundred day moving average is $99.96. The company has a market capitalization of $12.76 billion, a PE ratio of 20.28, a P/E/G ratio of 3.79 and a beta of 0.43.

Pinnacle West Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.9250 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $3.70 dividend on an annualized basis and a yield of 3.5%. This is a boost from Pinnacle West Capital’s previous quarterly dividend of $0.91. Pinnacle West Capital’s dividend payout ratio (DPR) is 69.73%.

Analyst Ratings Changes

Several research firms have recently commented on PNW. Scotiabank began coverage on shares of Pinnacle West Capital in a report on Tuesday, September 29th. They issued a “sector outperform” rating and a $104.00 price target for the company. Citigroup reaffirmed a “neutral” rating on shares of Pinnacle West Capital in a research report on Thursday, October 8th. Truist Financial dropped their price objective on shares of Pinnacle West Capital from $101.00 to $99.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Morgan Stanley increased their price objective on shares of Pinnacle West Capital from $89.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. Finally, HSBC began coverage on shares of Pinnacle West Capital in a report on Thursday, October 22nd. They issued a “buy” rating and a $119.50 target price on the stock. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Pinnacle West Capital presently has an average rating of “Hold” and a consensus target price of $103.39.

Insider Activity

In other news, CAO Elizabeth A. Blankenship sold 980 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $99.17, for a total transaction of $97,186.60. Following the completion of the sale, the chief accounting officer directly owned 10,886 shares of the company’s stock, valued at $1,079,564.62. This represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $102.01, for a total transaction of $183,618.00. Following the sale, the senior vice president directly owned 4,910 shares of the company’s stock, valued at $500,869.10. This represents a 26.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is currently owned by insiders.

About Pinnacle West Capital

Pinnacle West Capital Corporation (NYSE:PNW) is an energy holding company based in Phoenix, Arizona. Its principal subsidiary, Arizona Public Service Company (APS), is an electric utility that generates, transmits and distributes electricity to customers across Arizona.

APS serves residential, commercial, industrial and governmental customers through a diverse power portfolio that includes nuclear, natural gas, coal, solar and other renewable energy resources. The utility is also involved in maintaining and expanding the electric grid, supporting energy-efficiency programs and developing cleaner energy resources.