WASHINGTON (dpa-AFX) - While reporting financial results for the first quarter on Monday, energy holding company Pinnacle West Capital Corp. (PNW) reaffirmed its consolidated earnings guidance for the full-year 2026.
For fiscal 2026, the company continues to expect consolidated earnings in the range of $4.55 to $4.75 per share on a weather-normalized basis.
For the first quarter, the company reported net income attributable to common shareholders of $32.92 million or $0.27 per share, compared to a net loss $4.64 million or $0.04 per share in the prior-year quarter.
Total operating revenues for the quarter increased to $1.15 billion from $1.03 billion in the same quarter last year.
In Monday's pre-market trading, PNW is trading on the NYSE at $100.64, down $2.95 or 2.85 percent.
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