Pinnacle West reports Q4 EPS 0c, consensus (13c)

Reports Q4 revenue $991.57M, consensus $1.12B. “Two years ago, we outlined a plan following an unfavorable rate case decision that created financial hurdles and moved us to reset our financial outlook. We made significant progress on that plan, adapting and reaching our revised targets,” said Pinnacle West Chairman, President and CEO Jeff Guldner. “That progress is reflected in our solid 2023 financial results and a constructive outcome in our 2022 rate case that was decided late last week.