Pinnacle West forecasts 2026 earnings at the upper end of its guidance as Arizona industrial demand drives growth.
Pinnacle West Capital (PNW) projected 2026 earnings per share at the top of its $4.55 to $4.75 range, citing strong execution and Arizona’s industrial expansion. The company highlighted load growth tied to major projects, including Taiwan Semiconductor Manufacturing Company’s investments in the region.
The utility also announced plans to convert 380 MW of capacity at its Cholla plant to gas by 2029, aligning with long-term energy strategy. Q2 2026 performance reflected disciplined operations amid rising demand, with management emphasizing stability in its regulated business.
No immediate market reaction was disclosed, though the guidance update signals confidence in sustained growth driven by regional economic activity.