Pinnacle West Reports 2026 Third-Quarter Financial Results
Business Wire•03/11/2026•08:35 ET
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Key Highlights
- ➤Q3 net income attributable to common shareholders rose to $434.2 million, or $3.49 per diluted share
- ➤2026 earnings guidance raised to $5.05-$5.25 per diluted share
- ➤Weather-normalized sales grew 9.5%, led by commercial and industrial sales growth of 14.5%
- ➤APS peak demand reached a record 9,166 MW on Aug. 2
- ➤APS will provide more than $33 million in bill credits and $5 million hardship assistance
Expert Statements
Ted Geisler, Chairman, President and Chief Executive Officer of Pinnacle West
“Arizona continues to grow at an extraordinary pace, and our responsibility is clear: deliver safe, reliable and affordable energy for the customers who count on us every day”
Ted Geisler, Chairman, President and Chief Executive Officer of Pinnacle West
“Years of planning and the dedication of our employees enabled us to once again meet strong summer demand while maintaining reliability, returning savings to customers and investing in the infrastructure needed to support Arizona’s future. We are committed to ensuring that growth helps strengthen the grid without shifting costs to Arizona families and businesses.”
Ted Geisler, Chairman, President and Chief Executive Officer of Pinnacle West
“Growth should pay for growth. It’s that simple”
Ted Geisler, Chairman, President and Chief Executive Officer of Pinnacle West
“When a data center or manufacturer comes to Arizona, they pay the cost of the infrastructure needed to serve them, and those investments help to cover shared grid costs that existing customers would otherwise carry. Done right, new growth doesn’t threaten affordability for Arizona families and businesses. It helps protect it.”
Ted Geisler, Chairman, President and Chief Executive Officer of Pinnacle West
“Arizonans should be able to welcome the jobs, investment and opportunity coming to our state with confidence that their energy needs come first and their rates are protected.”
Ted Geisler, Chairman, President and Chief Executive Officer of Pinnacle West
“Delivering safe, reliable and affordable energy remains our top priority”
Ted Geisler, Chairman, President and Chief Executive Officer of Pinnacle West
“This credit is one example of how we’re creating value for customers by returning benefits directly to them while continuing to support Arizona’s growth.”
Continued sales growth and summer weather increase energy demand
Reliable service and strong operating performance support customers
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