Pinnacle West reports Q4 EPS (6c), consensus (15c)

Reports Q4 revenue $1.1B, consensus $1.06B. “Our employees once again did an excellent job running and maintaining the electric grid and ensuring that our 1.4 million customers received the reliable electrical service they expect from us,” said Pinnacle West (PNW) Chairman, president and CEO Jeff Guldner. “Our strong year-end earnings not only reflect this outstanding operational performance, but the results are consistent with a fast-growing service territory and us making the substantial infrastructure investments needed to meet the energy requirements of all our customers, now and in the future.”