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 May 3, 2013. The filing serves to disclose financial results for the fiscal quarter ended March 31, 2013, along with the company's earnings outlook for 2013 and financial goals through 2015.
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 attached exhibits (Exhibit 99.1, 99.2, and 99.3) and the company's website, which are not included in the provided source text.
Material Changes
The filing references a quarterly consolidated statistical summary comparing the three-month periods ended March 31, 2013, and 2012. However, the specific material changes or comparative figures are not detailed in the body of this report.
Guidance, Outlook, and Management Commentary
- Earnings Outlook: Management issued a press release regarding the earnings outlook for the full year 2013.
- Financial Goals: The company outlined its financial goals extending through 2015.
- Disclosure Method: Detailed commentary and operating results were provided via a press release (Exhibit 99.1) and a slide presentation (Exhibit 99.3) accompanying a conference call.
Investor Verification Checklist
- Verify the specific Q1 2013 revenue and net income figures in the attached Earnings News Release (Exhibit 99.1).
- Review the quarterly consolidated statistical summary (Exhibit 99.2) for year-over-year comparisons.
- Confirm the details of the 2013 earnings outlook and 2015 financial goals presented in the conference call slides (Exhibit 99.3).
- Check the company website (www.pinnaclewest.com) for the glossary of terms and concurrent posting of the statistical summary.