Reports Q2 revenue $1.12, consensus $1.09B. “We saw cooler-than-usual temperatures in the second quarter compared to a warmer-than average second quarter in 2022. This June was especially mild. Given how big an impact air conditioning has on energy use in the low desert, it’s no surprise that our financial results are lower this quarter,” said Pinnacle West Chairman, President and CEO Jeff Guldner, citing National Weather Service Phoenix data showing that the average June 2023 temperature was almost five degrees cooler than June 2022.
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