Utility Pinnacle West Capital falls on Q1 loss

Pinnacle West Capital

01/05/2025 17:04

** Shares of U.S utility Pinnacle West Capital PNW.N down 1% at $94.13

** Company posts Q1 net loss of $4.6 million, hurt by higher operating and interest costs, compared with a year-ago profit of $16.9 million

** Total operating expenses rise to $975.1 million in Q1 from $884.9 million a year earlier

** Interest costs rise to $94.8 million from $86.6 million a year ago

** Including session's moves, shares up 11.11% YTD

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))