By Yasin Ebrahim
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Shares of Pinnacle West Capital (NYSE:PNW) rose 2.4% after the company reported Q1 results.Quarterly Results Earnings per share increased 68.75% over the past year to $0.27, which beat the estimate of $0.15.Revenue of $661,930,000 lower by 10.61% year over year, which missed the estimate of $749,630,000.Outlook Pinnacle West Capital hasn't issued any earnings guidance for the time being.Pinnacle West Capital hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 08, 2020View more earnings on PNWTime: 11:05 PM ETWebcast URL: http://www.pinnaclewest.com/investors/events-and-presentations/default.aspxRecent Stock Performance Company's 52-week high was at $105.5152-week low: $60.05Price action over last quarter: down 28.91%Company Profile Pinnacle West is a holding company whose principle subsidiary is Arizona Public Service. APS is a vertically integrated regulated utility that provides electric service to 1.3 million customers over a 35,000-square-mile service territory in Arizona, including the city of Phoenix. Approximately 35% of power sold comes from the company's 29% interest in the nearly 4-gigawatt Palo Verde nuclear plant. Operated by APS, Palo Verde is the largest nuclear plant in the U.S. APS has invested approximately $675 million in the utility-scale photovoltaic solar plants as part of the AZ Sun Program, resulting in 170 MW of solar capacity owned by APS and over 1,000 MW of contracted solar energy from power purchase agreements.See more from Benzinga * Lear: Q1 Earnings Insights * Switch: Q1 Earnings Insights * Recap: Noble Energy Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The utilities sector is made up of companies that provide electricity, natural gas, water, sewage and other services to homes and businesses. Many of these companies are heavily regulated, and include Duke Energy Corp. (DUK), Southern Co. (SO), and American Electric Power Co. Inc. (AEC). Utilities stocks, as represented by the Utilities Select Sector SPDR ETF (XLU), have underperformed the broader market with a total return of -0.7% compared to the S&P 500's total return of 8.7% over the past 12 months. These market performance numbers and the statistics in the tables below are as of May 26.
When Pinnacle West Capital Corporation (NYSE:PNW) released its most recent earnings update (31 December 2019), I...
Pinnacle West (PNW) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Pinnacle West Capital Corp. declares quarterly dividend.
Pinnacle West (PNW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Pinnacle West (PNW) delivered earnings and revenue surprises of 68.75% and -11.51%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
PNM Resources' (PNM) first-quarter 2020 earnings improve on a year-over-year basis.
Unfortunately for some shareholders, the Pinnacle West Capital (NYSE:PNW) share price has dived 32% in the last thirty...
It is now my pleasure to introduce your host, Stefanie Layton, Director of Investor Relations. Jim Hatfield, Chief Administrative Officer; Daniel Froetscher, APS's President and COO; and Barbara Lockwood, Senior Vice President, Public Policy, are also here with us.
By Yasin Ebrahim
Pinnacle West Capital Corp. reports first-quarter 2020 financial results driven in large part by reductions in operations and maintenance expenses.
Today we'll take a closer look at Pinnacle West Capital Corporation (NYSE:PNW) from a dividend investor's perspective...
Pinnacle West (NYSE: PNW) to issue first quarter 2020 financial results on May 8
Pinnacle West's (PNW) first-quarter 2020 earnings improve on a year-over-year basis.
Pinnacle West's (PNW) focus on clean power generation will strengthen its existing operations.
Pinnacle West's (PNW) first-quarter 2020 results are likely to reflect the benefits of higher residential sales.
Q1 2020 Pinnacle West Capital Corp Earnings Call