Pinnacle West Capital Corp
PNW: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| yQ | LOCK|DgN | LOCK|^@NH&> |
Pinnacle West Earnings: New Customers and Regulatory Changes Support Earnings Growth
Pinnacle West reported $5.24 earnings per share in 2024, up from $4.41 in 2023. This was higher than our estimate and management's $5.00-$5.20 EPS guidance due to additional weather benefits in the fourth quarter and higher-than-expected electricity demand growth.
