Pinnacle West Capital Corporation (PNW) CEO Jeff Guldner on Q1 2020 Results - Earnings Call Transcript

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Q1: 2020-05-08 Earnings Summary

EPS of $0.27 beats by $0.06
 | Revenue of $661.93M (-10.61% Y/Y) misses by $146.09M

Pinnacle West Capital Corporation (NYSE:PNW) Q1 2020 Earnings Conference Call May 8, 2020 12:00 PM ET

Company Participants

Stefanie Layton - Director, Investor Relations
Jeff Guldner - Chairman and CEO
Ted Geisler - CFO
Barbara Lockwood - Senior Vice President, Public Policy

Conference Call Participants

Michael Weinstein - Credit Suisse
Shar Pourezza - Guggenheim
Julien Dumoulin-Smith - Bank of America
Paul Patterson - Glenrock Associates
Charles Fishman - Morningstar

Operator

Greetings and welcome to the Pinnacle West Capital Corporation 2020 First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Stefanie Layton, Director of Investor Relations. Thank you. You may begin.

Stefanie Layton

Thank you, Christine. I would like to thank everyone for participating in this conference call and webcast to review our first quarter 2020 earnings, recent developments and operating performance. Our speakers today will be our Chairman and CEO, Jeff Guldner; and our CFO, Ted Geisler; Jim Hatfield, Chief Administrative Officer; Daniel Froetscher, APS’ President and COO; and Barbara Lockwood, Senior Vice President, Public Policy are also here with us.

First, I need to cover a few details with you. The slides that we will be using are available on our Investor Relations website, along with our earnings release and related information. Note that the slides contain reconciliations of certain non-GAAP financial information. Today’s comments and our slides contain forward-looking statements based on current expectations and actual results may differ materially from expectations. Our first quarter 2020 form 10-Q was filed this morning.

Please refer to that document for forward-looking statements, cautionary language, as well as risk factors and MD&A sections which identify risks and uncertainties that could cause actual results to differ materially from those

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