The company said it expects EPS guidance of $4.60 to $4.80 for 2024, assuming 114.9 million average diluted common shares outstanding. The 2023 $4.41 and 2024 midpoint of $4.70 are also shown.

1. 01

   The company said it expects EPS guidance of $4.60 to $4.80 for 2024, assuming 114.9 million average diluted common shares outstanding. The 2023 $4.41 and 2024 midpoint of $4.70 are also shown.

2. 02

   Pinnacle West said it assumes adjusted gross margin of $2.93 to $3.00 billion, adjusted O&M of $940 to $960 million, and an effective tax rate of 13.75% to 14.25% for 2024. Net interest expense, including AFUDC, is $320 to $340 million.

3. 03

   Arizona Public Service said the key components of the final decision in its 2022 rate case include an ROE of 9.55%, an equity ratio of 51.93%, a total base rate increase of $491.7M and a net increase of $253.4M. The new rates take effect on March 8, 2024.

4. 04

   The company reported an APS capital investment plan totaling $6.0B for 2024-2026. Its funding plan includes approximately $3B in cash from operations, net of shareholder dividends, and approximately $750 million of external equity raised through a forward sale.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.