Pinnacle West reported a consolidated net loss attributable to common shareholders of $4.6 million, or a loss of $0.04 per diluted share, for the quarter ended March 31, 2025. This compares with consolidated net income attributable to common shareholders of $16.9 million, or $0.15 per diluted share, for the same period in the prior year.

1. 01

   Pinnacle West reported a consolidated net loss attributable to common shareholders of $4.6 million, or a loss of $0.04 per diluted share, for the quarter ended March 31, 2025. This compares with consolidated net income attributable to common shareholders of $16.9 million, or $0.15 per diluted share, for the same period in the prior year.

2. 02

   The company said the decrease of approximately $22 million was primarily the result of higher operations and maintenance expense and depreciation and amortization expense. It added that planned power plant outages contributed to the increase in operations and maintenance expenses.

3. 03

   Pinnacle West disclosed that operating revenues for the 3 months were $1,032,280 thousand, compared with $951,712 thousand in the prior year, and operating income was $57,222 thousand, compared with $66,792 thousand in the prior year.

4. 04

   The company said it continues to estimate consolidated earnings for 2025 will be within a range of $4.40 to $4.60 per diluted share on a weather-normalized basis. It reaffirmed its full-year earnings guidance.

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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