Pinnacle West said consolidated net income attributable to common shareholders for the quarter ended June 30, 2025 was $192.6 million, or $1.58 per diluted share, compared with $203.8 million, or $1.76 per diluted share, for the same period in 2024.

1. 01

   Pinnacle West said consolidated net income attributable to common shareholders for the quarter ended June 30, 2025 was $192.6 million, or $1.58 per diluted share, compared with $203.8 million, or $1.76 per diluted share, for the same period in 2024.

2. 02

   The company cited the effects of weather, higher operations and maintenance expense and increased depreciation and amortization as factors in the approximately $11 million decrease in Q2 results, and Chief Executive Officer Ted Geisler said cooling degree-days were 15.4% fewer in the second quarter compared with Q2.

3. 03

   Pinnacle West said Arizona Public Service, its principal subsidiary, experienced customer and sales growth of 2.4% and 5.2%, respectively, in Q2, and that peak demand reached 8,527 megawatts on July 9, 2025, surpassing the previous record of 8,210 MW set in August 2024.

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.

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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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