Pinnacle West Capital Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 08:29 am EDT
Pinnacle West Capital Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 1,469.87 million compared to USD 1,308.25 million a year ago. Net income was USD 326.33 million compared to USD 339.8 million a year ago. Basic earnings per share from continuing operations was USD 2.88 compared to USD 3.01 a year ago. Diluted earnings per share from continuing operations was USD 2.88 compared to USD 3 a year ago.
For the nine months, sales was USD 3,315.07 million compared to USD 3,004.98 million a year ago. Net income was USD 507.59 million compared to USD 591.14 million a year ago. Basic earnings per share from continuing operations was USD 4.49 compared to USD 5.24 a year ago. Diluted earnings per share from continuing operations was USD 4.48 compared to USD 5.22 a year ago.