Pinnacle West Reports 2020 Second-Quarter Results

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Pinnacle West Capital (PNW) Tops Q2 EPS by 26c, Revenues Beat

August 6, 2020 8:42 AM EDT

Pinnacle West Capital (NYSE: PNW) reported Q2 EPS of $1.71, $0.26 better than the analyst estimate of $1.45. Revenue for the quarter came in at $929.59 million versus the consensus estimate of $907.02 million.

Like many electric utilities, weather is a major factor in our business. The dramatic contrast between... More