Pinnacle West Capital GAAP EPS of $0.94 misses by $0.21, revenue of $1.12B beats by $40M

• Pinnacle West Capital press release (NYSE:PNW): Q2 GAAP EPS of $0.94 misses by $0.21.
• Revenue of $1.12B (+5.7% Y/Y) beats by $40M.
• Shares -0.82% PM.
• The company increased its 2023 consolidated earnings range to $4.10 to $4.30 per diluted share on a weather-normalized basis from a previously disclosed range of $3.95 to $4.15 per diluted share.

Comments

[Croogie]

Was known that some issues are to come, but upping the range is a nice move.
Excellent core business model with great renewable potenzial.