Pinnacle West Capital (PNW) reported a Q1 net loss Thursday of $0.04 per diluted share, compared with earnings per share of $0.15 a year earlier.
Two analysts polled by FactSet expected a loss of $0.01.
Operating revenue for the quarter ended March 31 was $1.03 billion, up from $951.7 million a year earlier.
Four analysts surveyed by FactSet expected $1 billion.
The company said it continues to expect 2025 diluted EPS of $4.40 to $4.60. Analysts surveyed by FactSet expect $4.55.
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