Business Context and Reporting Period
This Form 8-K is a current report filed by Pinnacle West Capital Corporation and its subsidiary, Arizona Public Service Company, on November 3, 2016. The filing serves to disclose financial results for the fiscal quarter ended September 30, 2016, and provides an earnings outlook for the full year 2016.
Key Financial Metrics
The filing text itself does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained within the attached exhibits (Exhibit 99.1 Earnings News Release and Exhibit 99.2 Slide Presentation) rather than the body of the 8-K report.
Material Changes
The filing does not detail specific material changes or comparative financial data within the text. It directs investors to the attached press release and slide presentation for the quarterly consolidated statistical summary and operating results.
Guidance, Outlook, and Risks
Management has issued an earnings outlook for 2016, which is detailed in the attached press release (Exhibit 99.1). The filing also includes a slide presentation (Exhibit 99.2) from the quarterly earnings conference call. No specific risks, contingencies, or unusual items are described in the text of this report; such details are presumed to be in the referenced exhibits.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings News Release) for specific Q3 2016 revenue, net income, and earnings per share figures.
- Examine Exhibit 99.2 (Slide Presentation) for the detailed 2016 earnings outlook and guidance.
- Verify the quarterly consolidated statistical summary provided in the conference call materials.
- Confirm the specific operational results for Arizona Public Service Company as a subsidiary.