Pinnacle West stock steadies as Q2 revenue reaches $1.46 billion
Published on 08/19/2026 at 22:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Pinnacle West Capital Corporation (US7234841010) has a fresh Q2 backdrop after revenue reached $1.46 billion and earnings per share came in at $1.43 for the quarter ended June 30. That result missed consensus EPS by $0.03, while the latest guidance points to 2026 EPS at the top end of a $4.55 to $4.75 range.
Q2 numbers set the tone
The latest earnings release showed revenue up 7.1% year over year, with net profit at $178.57 million for the quarter ended June 30. The latest analyst note also cited a Hold stance, a $101.00 target, and a $107.17 average target.
The comparison matters. Revenue rose from $1.36 billion a year earlier, while net profit eased from $192.56 million, which keeps the utility's cost and rate-case mix in view for the rest of 2026.
Guidance and project mix
On August 5, 2026, a report highlighted Pinnacle West's plan for a 380 MW Cholla gas conversion by 2029 and said management expects 2026 EPS at the top end of the $4.55 to $4.75 range. That combination gives investors a concrete read on capex, generation planning, and the company's near-term earnings shape.
Research coverage still leans cautious rather than aggressive, with the same update pointing to 15 analysts, a Hold consensus, and a $103.79 average target. A 15-analyst base is enough to keep the stock tied to a well-covered utility peer group.
What the business sells
Pinnacle West's utility exposure centers on electricity service in Arizona, where regulated rates, customer growth, and generation planning drive the earnings path more than one-off headlines. The 380 MW Cholla conversion underscores how the company is balancing reliability investment with longer-dated fleet changes.
Shares and valuation
PNW traded at $100.66 as of August 19, 2026, 9:47 a.m. ET, with a daily gain of 0.51% and a market cap of $12.07 billion. The stock also sat near the analyst target band, which leaves valuation and execution more tightly linked than a simple momentum trade.
Fact box
Company: Pinnacle West Capital Corporation
ISIN: US7234841010
Ticker: PNW
Exchange: NYSE
Price (as of August 19, 2026, 9:47 a.m. ET): $100.66 USD
Market cap: $12.07 billion
Sector / Industry: Utilities / Electric Utilities
Index membership: S&P 500
More on Pinnacle West stock
Pinnacle West Capital's core product is regulated electric service, and its earnings path still depends on demand, rates, and grid investment rather than a single consumer launch. The Q2 revenue figure, the 2026 EPS guide, and the 380 MW Cholla plan now form the main numeric frame for the stock.
Pinnacle West stock at a glance
At $100.66 on August 19, 2026, the shares were trading within range of the latest $101.00 target cited in analyst coverage. The market is still pricing the stock as a utility with execution to prove, not as a high-growth rerating story.
