Pinnacle West Capital (PNW) earnings history
Most recent quarter
- Fiscal period
- Q2 2026
- Period end
- Jun 30, 2026
- EPS actual
- $1.43
- EPS estimate
- $1.46
- EPS surprise
- −1.76%
- Revenue surprise
- +4.24%
- Revenue
- $1.5B
- Revenue estimate
- $1.4B
- Reported
- Aug 4, 2026
Pinnacle West reported Q2 2026 results on August 4, 2026. Earnings per share were $1.43, missing the $1.46 estimate by 1.76%. Revenue was $1.5 billion, a 4.24% beat on the $1.4 billion consensus. Compared with Q2 2025, EPS fell about 9% from $1.58, while revenue rose from $1.4 billion.
The table shows a strong seasonal pattern. Q3 is the largest quarter every year, with EPS between $2.88 and $3.50. First and fourth quarters are small, and four of them were losses: Q4 2022 at $0.21 per share, Q1 2023 at $0.03, Q4 2024 at $0.06 and Q1 2025 at $0.04. Annual EPS was $4.27 in 2022, $4.41 in 2023, $5.22 in 2024 and $5.06 in 2025. The first half of 2026 totals $1.70 per share, about 10% above the same period of 2025. Pinnacle West beat the EPS estimate in 13 of the last 20 quarters. Because estimates for the off-season quarters are close to zero, surprise percentages there can be very large.
Pinnacle West reported Q3 results between November 2 and November 6 in each of the past five years. That points to early November 2026 for the next report, covering what has been its largest quarter.
Earnings history
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 4, 2026 | $1.46 | $1.43 | −1.76% | $1.5B | SEC |
| Q1 2026 | May 4, 2026 | $0.01 | $0.27 | +2423.36% | $1.1B | SEC |
| Q4 2025 | Feb 25, 2026 | $0.06 | $0.13 | +130.09% | $1.1B | SEC |
| Q3 2025 | Nov 3, 2025 | $3.07 | $3.39 | +10.29% | $1.8B | SEC |
| Q2 2025 | Aug 6, 2025 | $1.59 | $1.58 | −0.62% | $1.4B | SEC |
| Q1 2025 | May 1, 2025 | $0.02 | −$0.04 | −327.27% | $1.0B | SEC |
| Q4 2024 | Feb 25, 2025 | −$0.14 | −$0.06 | +57.89% | $1.1B | SEC |
| Q3 2024 | Nov 6, 2024 | $3.49 | $3.37 | −3.42% | $1.8B | SEC |
| Q2 2024 | Aug 1, 2024 | $1.28 | $1.76 | +37.62% | $1.3B | SEC |
| Q1 2024 | May 2, 2024 | −$0.02 | $0.15 | +804.23% | $951.7M | SEC |
| Q4 2023 | Feb 27, 2024 | −$0.13 | $0.00 | +100.00% | $991.6M | SEC |
| Q3 2023 | Nov 2, 2023 | $3.42 | $3.50 | +2.37% | $1.6B | SEC |
| Q2 2023 | Aug 3, 2023 | $1.16 | $0.94 | −18.99% | $1.1B | SEC |
| Q1 2023 | May 4, 2023 | $0.01 | −$0.03 | −370.27% | $945.0M | SEC |
| Q4 2022 | Feb 27, 2023 | −$0.18 | −$0.21 | −16.54% | $1.0B | SEC |
| Q3 2022 | Nov 3, 2022 | $2.61 | $2.88 | +10.47% | $1.5B | SEC |
| Q2 2022 | Aug 3, 2022 | $1.31 | $1.45 | +10.73% | $1.1B | SEC |
| Q1 2022 | May 4, 2022 | $0.07 | $0.15 | +109.79% | $783.5M | SEC |
| Q4 2021 | Feb 25, 2022 | $0.05 | $0.24 | +403.14% | $798.9M | SEC |
| Q3 2021 | Nov 5, 2021 | $2.79 | $3.00 | +7.72% | $1.3B | SEC |
Quarterly revenue
Frequently asked questions
When did Pinnacle West Capital (PNW) last report earnings?
Pinnacle West Capital last reported on Aug 4, 2026, covering fiscal Q2 2026.
Did PNW beat earnings estimates?
No. Pinnacle West Capital reported EPS of $1.43 for Q2 2026 against a $1.46 estimate — a 1.76% miss.
How much revenue did PNW report last quarter?
Pinnacle West Capital reported $1.5B in revenue for Q2 2026, against a consensus estimate of $1.4B.
Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.