The company set its 2024 EPS guidance at $4.60 to $4.80, assuming average diluted common shares outstanding of 114.9 million and an effective tax rate of 13.75% to 14.25%, Pinnacle West said.

1. 01

   The company set its 2024 EPS guidance at $4.60 to $4.80, assuming average diluted common shares outstanding of 114.9 million and an effective tax rate of 13.75% to 14.25%, Pinnacle West said.

2. 02

   Pinnacle West said it set a long-term EPS growth target of 5%-7% off the 2024 midpoint, based on its current weather-normalized compound annual growth rate projections for 2024-2028.

3. 03

   The company said it put total capital investment for 2024-2026 at about $6B and raised about $750 million of external equity through a forward sale.

4. 04

   The company said the key components of the final 2022 rate case decision were an ROE of 9.55%, an equity ratio of 51.93%, a total base rate increase of $491.7M and a total net increase of $253.4M, and that new rates took effect on March 8, 2024.

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

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