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. The report covers the fiscal quarter ended June 30, 2011, with the filing date and earliest event reported on that same date. The document serves to disclose financial results and earnings outlook issued via press release on August 2, 2011.
Key Financial Metrics
The provided text is a cover sheet and index for the filing and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained in the attached exhibits:
- Exhibit 99.1: Earnings News Release issued on August 2, 2011.
- Exhibit 99.2: Quarterly consolidated statistical summary for the three-month and six-month periods ended June 30, 2011 and 2010.
- Exhibit 99.3: Slide presentation accompanying the August 2, 2011 conference call.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. It indicates that a statistical summary comparing the periods ended June 30, 2011, and 2010 is available in Exhibit 99.2.
Guidance, Outlook, and Risks
The Company issued an earnings outlook for the full year 2011 in the press release attached as Exhibit 99.1. The filing references a slide presentation (Exhibit 99.3) that accompanies the quarterly earnings conference call, which typically contains management commentary, risks, and contingencies. No specific guidance figures or risk factors are detailed in the text of this Form 8-K cover sheet.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific earnings per share, revenue, and net income figures for Q2 2011.
- Consult Exhibit 99.2 to verify year-over-year changes in operating statistics and financial condition.
- Examine Exhibit 99.3 for management's full commentary on the 2011 earnings outlook and any discussed operational risks.
- Confirm the full text of the press release on the Company's website (www.pinnaclewest.com) as referenced in the filing.