Pinnacle West Capital Corporation (NYSE:PNW) is included among the Best Stocks for a Dividend Winners List.
On December 17, UBS raised its price target on Pinnacle West Capital Corporation (NYSE:PNW) to $95 from $94. The company maintained a Neutral rating on the stock.
During the company’s third-quarter 2025 earnings call, management laid out plans for a next-generation site near Gila Bend. The project could add up to 2,000 megawatts of natural gas capacity. Executives also discussed steady progress on long-term transmission upgrades and baseload investments. The Desert Southwest expansion project remains underway, according to the update.
Pinnacle West Capital Corporation (NYSE:PNW) reported earnings of $3.39 per share for the third quarter of 2025. The results were driven by higher streaming revenue and strong sales growth across all customer groups. Some of that strength was offset by lower weather-related sales compared to last year, along with higher interest expenses, lower pension and OPEB benefits, and higher share counts.
During the quarter, sales trends appeared healthy once the weather normalized. Total growth was 5.4% for the quarter. Commercial and industrial sales increased 6.6% and residential sales increased 4.3%. So far this year, residential sales have increased 2%. The company also raised its full-year outlook. Pinnacle West Capital Corporation (NYSE:PNW) now expects 2025 earnings of $4.90 to $5.10 per share, up from the previous range of $4.40 to $4.60. Management highlighted strong sales, warmer-than-normal weather, higher streaming revenue and additional contributions from El Dorado.
Pinnacle West Capital Corporation (NYSE:PNW) is a utility holding company focused on electricity. Most of its operations are conducted through Arizona Public Service, which provides regulated retail and wholesale energy throughout Arizona.
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