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

Key Points

• Pinnacle West Capital is expected to report Q3 2026 results before the market opens on Tuesday, November 3. Analysts project earnings of $3.32 per share on $1.90 billion in revenue, while the company’s full-year EPS guidance is $4.55–$4.75.
• The utility’s previous quarter missed EPS estimates, reporting $1.43 versus the $1.46 consensus, although revenue rose 7.1% year over year to $1.46 billion.
• Pinnacle West increased its quarterly dividend to $0.925, equivalent to $3.70 annually and a 3.5% yield. Analysts maintain an overall “Hold” rating, with an average price target of $103.39.

Pinnacle West Capital (NYSE:PNW - Get Free Report) is projected to release 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 review the information on the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 11:00 AM ET.

Pinnacle West Capital (NYSE:PNW - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.03). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.40 billion. Pinnacle West Capital had a net margin of 11.52% and a return on equity of 8.99%. Pinnacle West Capital's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 earnings per share. 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

Shares of NYSE:PNW opened at $105.25 on Tuesday. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 3.79 and a beta of 0.43. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.59 and a quick ratio of 0.41. The business's 50 day simple moving average is $97.79 and its 200-day simple moving average is $99.96. Pinnacle West Capital has a 12 month low of $86.18 and a 12 month high of $111.16.

Pinnacle West Capital Increases Dividend

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

Analysts Set New Price Targets

PNW has been the subject of several research reports. Truist Financial reduced their price objective on Pinnacle West Capital from $101.00 to $99.00 and set a "hold" rating for the company in a report on Monday, October 5th. Jefferies Financial Group lowered their target price on Pinnacle West Capital from $129.00 to $109.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Citigroup restated a "neutral" rating on shares of Pinnacle West Capital in a research report on Thursday, October 8th. Barclays dropped their price target on Pinnacle West Capital from $108.00 to $94.00 and set an "equal weight" rating for the company in a research report on Thursday, October 1st. Finally, Wall Street Zen raised Pinnacle West Capital from a "sell" rating to a "hold" rating in a research note on Saturday, October 3rd. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Pinnacle West Capital has an average rating of "Hold" and an average price target of $103.39.

Insider Buying and Selling

In other Pinnacle West Capital news, SVP Jose Luis Esparza, Jr. sold 1,800 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $102.01, for a total value of $183,618.00. Following the completion of the transaction, the senior vice president directly owned 4,910 shares in the company, valued at approximately $500,869.10. The trade was a 26.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Elizabeth A. Blankenship sold 980 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $99.17, for a total value of $97,186.60. Following the completion of the transaction, the chief accounting officer owned 10,886 shares of the company's stock, valued at $1,079,564.62. This trade represents a 8.26% 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 company insiders.

Pinnacle West Capital Company Profile

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.

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