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Pinnacle West beat earnings expectations in Q3 2025, raised 2025 guidance, but full-year results dipped.
Pinnacle West Capital Corp. reported third-quarter 2025 earnings of $3.39 per share, exceeding expectations, on $1.82 billion in revenue, a 2.9% year-over-year increase.
The company raised its full-year 2025 earnings guidance to $4.90–$5.10 per share, up from $4.40–$4.60, and introduced 2026 guidance of $4.55–$4.75 per share.
Despite higher sales, net income and earnings per share for the first nine months declined compared to the prior year.
The stock rose slightly on the news, with a market cap of $10.6 billion and a consensus "Hold" rating.
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Pinnacle West superó las expectativas de ganancias en el tercer trimestre de 2025, elevó la guía de 2025, pero los resultados de todo el año cayeron.