Pinnacle West Capital Corporation (NYSE: PNW), a leading electric utility holding company, reported financial results for the third quarter of fiscal 2025.
- Net income attributable to shareholders rose to $413.2 million or $3.39 per share in Q3 from $395 million or $3.37 per share last year
- Third-quarter operating revenues rose to $1.82 billion from $1.77 billion in the corresponding period of FY24
- Customer growth and sales growth were 2.4% and 5.4% respectively, during the quarter, driving strong operating performance and reliability
- Operating income came in at $581.8 billion in the September quarter, vs. $547 million in the prior-year quarter
- Total expenses were $1.24 billion in Q3, compared to $1.22 billion in the same period last year
- Through the first three quarters of the current year, the company’s net income was 2.4% lower than in the year-ago period
- For fiscal 2025, the company raised its consolidated earnings guidance to be in the range of $4.90 per share to $5.10 per share
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
BLK Q4 Preview: BlackRock appears poised for another earnings beat
BlackRock, Inc. (NYSE: BLK), the largest asset management company, is expected to publish its fourth-quarter 2025 results next week. The update is expected to shed light on how the firm’s
A look at Best Buy’s (BBY) progress on its growth strategy
Shares of Best Buy Co., Inc. (NYSE: BBY) fell over 3% on Wednesday. The stock has dropped 17% over the past 12 months. The consumer electronics retailer delivered sales and
Citigroup set to report Q4 2025 earnings. Here’s what to expect
Citigroup Inc. (NYSE: C) has undergone a sweeping transformation in recent years, emerging as a more streamlined and profitable financial institution. The bank's performance in recent quarters has underscored the
