Pinnacle West Q2 net income falls 8.2% to $180.8M; plans gas expansion, higher capex

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~1 min read

Key Changes

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  Net income fell 8.2% to $180.8M, with diluted EPS down 9.5% to $1.43, while revenue rose 7.1% to $1.46B.

  Key Financials view on EDGAR →
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  APS plans to convert two Cholla units to natural gas (~380 MW) and add up to 2,000 MW of flexible gas generation, with construction starting 2028.

  MD&A: Cholla gas conversion verify on EDGAR →
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  APS raised its three-year capex forecast by $200M in 2026, $100M in 2027, and $50M in 2028, and requested a $2.5B increase in its long-term debt limit to $12B.

  MD&A: Capital expenditure forecast verify on EDGAR →