Equity Profile

PNW

Pinnacle West Capital Corporation

UtilitiesElectric Utilities$12.2B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Pinnacle West Capital Corporation (PNW) is a utility company that provides electricity to customers in Arizona. As part of the electric utilities sector, it plays a crucial role in delivering reliable energy, especially as demand fluctuates with seasonal changes and economic conditions.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is essential for assessing the company's ability to expand and meet customer demand.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

PNW Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+123.53%

Avg Stock Reaction

+0.68%

Last Quarter Recap

In Q1 2026, Pinnacle West reported an EPS of $0.27, significantly beating expectations. However, the stock fell by 1.66% the next day, indicating mixed market reactions despite the strong earnings surprise.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to maintaining reliable service during peak demand periods.
Plans to invest in renewable energy sources to meet regulatory requirements.

Expectations

Wall Street Expectations

Expectations for this quarter are mixed, with investors looking for continued profitability amid rising operational costs. The market is particularly sensitive to any signs of revenue growth or customer retention.

Bull Case

If Pinnacle West reports strong EPS and revenue growth, it could signal effective cost management and increased customer demand, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet earnings expectations or shows declining customer numbers, it could lead to a negative market reaction, especially given recent stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

EPS is a critical measure of profitability and will heavily influence investor sentiment and stock performance.

How many new customers were added in the last quarter?

Customer growth is vital for long-term revenue stability and market share, and any decline could raise concerns.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for customer growth and operational efficiency improvements this quarter.

Supporting Evidence

Pinnacle West has a history of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a larger move than historical averages, indicating expectations for significant news.

Recent operational improvements may not be fully reflected in current market sentiment.

Key Risk

If customer additions exceed expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it could indicate the company's ability to navigate rising costs and maintain customer growth.

Bull Confirmed If

An EPS of $0.30 or higher would confirm strong profitability and effective cost management.

Bear Confirmed If

An EPS below $0.20 would raise concerns about operational efficiency and customer retention.

Pre-Earnings Positioning

Options Market

Implied Move

±5.94%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.

Options are pricing ±5.9% while PNW has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

18.1%

Calls (500)P/C Ratio: 2.00Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 8 of 30 (27%)

This setup has occurred 30 times across Utilities in the last 2 years. 22 of 30 (73%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 1.5%, with a raw directional average of -0.8% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Pinnacle West beats expectations, history suggests a potential stock increase of around 1.18%, confirming a positive outlook.

In-Line / Cautious

An in-line report may lead to muted reactions, as investors assess management's commentary on future growth.

Miss

If the company misses expectations, history indicates a potential decline of about 0.81%, likely raising concerns about its operational health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth and retention strategies.
2Management's commentary on operational efficiency improvements.
3Details on investments in renewable energy initiatives.
4Insights into how rising costs are being managed.
5Any changes in regulatory impacts on operations.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is essential for assessing the company's ability to expand and meet customer demand.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

PNW Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+123.53%

Avg Stock Reaction

+0.68%

Last Quarter Recap

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to maintaining reliable service during peak demand periods.
Plans to invest in renewable energy sources to meet regulatory requirements.

Expectations

Wall Street Expectations

Bull Case

If Pinnacle West reports strong EPS and revenue growth, it could signal effective cost management and increased customer demand, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet earnings expectations or shows declining customer numbers, it could lead to a negative market reaction, especially given recent stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

EPS is a critical measure of profitability and will heavily influence investor sentiment and stock performance.

How many new customers were added in the last quarter?

Customer growth is vital for long-term revenue stability and market share, and any decline could raise concerns.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for customer growth and operational efficiency improvements this quarter.

Supporting Evidence

Pinnacle West has a history of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a larger move than historical averages, indicating expectations for significant news.

Recent operational improvements may not be fully reflected in current market sentiment.

Key Risk

If customer additions exceed expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as it could indicate the company's ability to navigate rising costs and maintain customer growth.

Bull Confirmed If

An EPS of $0.30 or higher would confirm strong profitability and effective cost management.

Bear Confirmed If

An EPS below $0.20 would raise concerns about operational efficiency and customer retention.

Pre-Earnings Positioning

Options Market

Implied Move

±5.94%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.

Options are pricing ±5.9% while PNW has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

18.1%

Calls (500)P/C Ratio: 2.00Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 8 of 30 (27%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Pinnacle West beats expectations, history suggests a potential stock increase of around 1.18%, confirming a positive outlook.

In-Line / Cautious

An in-line report may lead to muted reactions, as investors assess management's commentary on future growth.

Miss

If the company misses expectations, history indicates a potential decline of about 0.81%, likely raising concerns about its operational health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth and retention strategies.
2Management's commentary on operational efficiency improvements.
3Details on investments in renewable energy initiatives.
4Insights into how rising costs are being managed.
5Any changes in regulatory impacts on operations.