| Pinnacle West Lags Q3 Earnings Estimates; Guidance Intact | |
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Pinnacle West Capital Corp. PNW reported adjusted earnings per share of $2.30 in the third quarter of 2015, missing the Zacks Consensus Estimate of $2.33 by 1.3%. However, earnings improved 4.6% year over year.
Favorable weather in its service territories increased earnings by 4 cents per share, while expiration of a long-term wholesale contract at the end of 2014 decreased earnings by 2 cents per share. Higher depreciation and amortization expenses, linked to its Four Corners transaction and additional plant in service, lowered earnings by 12 cents per share. Pinnacle West Capital Corporation - Earnings Surprise | FindTheBest Total Revenues
Revenues of $1,199.1 million surpassed the year-ago figure by 2.3%.
Operational Highlights
Total electricity sold in the quarter increased 0.6% to 10,699 Gigawatt-hours (GWh) from 10,637GWh in the year-ago quarter. The company registered a 1.3% expansion in the customer count.
Of the total generation in the quarter, coal-based units contributed 38%, followed by gas, and oil and nuclear units with 31.5% and 30.5% share, respectively.
Operating income increased 5.5% year over year to $445.1 million in the reported quarter.
Guidance
The company reaffirmed its earnings expectation for 2015 in the range of $3.75 to $3.95 per share.
For 2016, Pinnacle West Capital expects earnings within a range of $3.90 to $4.10 per diluted share.
The company expects to invest nearly $3.45 billion during the 2015–2017 time frame to strengthen its existing operations.
Other Utility Company Releases
CMS Energy Corporation CMS reported third-quarter 2015 adjusted earnings per share of 53 cents, surpassing the Zacks Consensus Estimate of 49 cents by 8.2%.
DTE Energy Company DTE reported third-quarter 2015 operating earnings per share of $1.40, surpassing the Zacks Consensus Estimate of $1.22 by 14.8%
American Electric Power Co., Inc. AEP reported third-quarter 2015 operating earnings of $1.06 per share, beating the Zacks Consensus Estimate of $1.00 by 6%.
Zacks Rank
Pinnacle West presently carries a Zacks Rank #4 (Sell). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMER ELEC PWR (AEP): Free Stock Analysis Report CMS ENERGY (CMS): Free Stock Analysis Report PINNACLE WEST (PNW): Free Stock Analysis Report DTE ENERGY CO (DTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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CMS Energy Corporation
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CODE : CMS |
ISIN : US1258961002 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
CMS Energy est une société de production minière basée aux Etats-Unis D'Amerique. CMS Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 17,0 milliards US$ (15,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 avril 2014 à 0,12 US$, et son plus haut niveau récent le 24 avril 2024 à 60,28 US$. CMS Energy possède 282 420 406 actions en circulation. |