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

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

Pinnacle West Reports 2020 Second-Quarter Results

August 6, 2020 8:40 AM EDT

Return of triple-digit temperatures, record heat drives higher quarter-over-quarter earnings COVID-19 impact on sales partially offset by Lean efforts and continued cost management Customer Support Fund expanded to provide more relief to customers impacted by pandemic

 

PHOENIX--(BUSINESS WIRE)-- Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $193.6 million, or $1.71 per diluted share of common stock, for the quarter ended June 30, 2020. This result compares with earnings of $144.1 million, or $1.28 per share, in the same 2019... More