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Pinnacle West Capital Corporation (PNW) Q2 2021 Earnings Call Transcript

Pinnacle West Capital Corporation (PNW) Q2 2021 Earnings Call Transcript
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Pinnacle West Capital Corporation (PNW) Q2 2021 Earnings Call Transcript

Pinnacle West Capital Corporation (PNW) Q2 2021 Earnings Call Transcript
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Pinnacle West Capital Corp (PNW) Q1 2021 Earnings Call Transcript

Operator
Greetings and welcome to the Pinnacle West Capital Corporation 2021 First Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Stefanie Layton, Director of Investor Relations. Thank you. You may begin.
Stefanie Layton
Director of Investor Relations
Thank you, Christine. I would like to thank everyone for participating in this conference call and webcast to review our first quarter 2021 earnings, recent developments and operating performance.
Our speakers today will be our Chairman and CEO, Jeff Guldner; and our CFO, Ted Geissler. Jim Hatfield, Chief Administrative Officer; Daniel Froetscher, APS President and COO; Barbara Lockwood, Senior Vice President, Public Policy; and Jacob Tetlow, Senior Vice President, Operations, are also here with us. ....

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Pinnacle West Reports 2021 First-Quarter Earnings

Press release content from Business Wire. The AP news staff was not involved in its creation.
Pinnacle West Reports 2021 First-Quarter Earnings
May 5, 2021 GMT
PHOENIX (BUSINESS WIRE) May 5, 2021
Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $35.6 million, or $0.32 per diluted share of common stock, for the quarter ended March 31, 2021. This result compares with $30.0 million, or $0.27 per diluted share, for the same period in 2020.
First-quarter 2021 results were positively impacted by weather, higher transmission revenues, and higher pension and other postretirement non-service credits. These factors offset a moderate increase in operations and maintenance expenses, due largely to higher planned plant outages to perform seasonal maintenance ahead of summer demand. ....

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Pinnacle West Reports 2020 Full-Year and Fourth-Quarter Results

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Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $550.6 million, or $4.87 per diluted share, for full-year 2020. This result compares with net income of $538.3 million, or $4.77 per diluted share, in 2019. Weather impacts alone accounted for a year-over-year increase in after-tax revenues of $94 million, or $0.83 cents per share.
In a year of transition and renewed focus on excellence in customer care, the company recently launched a new cultural framework called The APS Promise. APS CEO Jeff Guldner and the leadership team are championing this cultural transformation to keep employees’ talent focused on customers and ensure the company remains an employer of choice. The Promise fosters empowered decision-making, innovation and collaboration as behavioral norms across all levels of the organization. (Graphic: Business Wire) ....

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