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 October 31, 2013. The filing serves to disclose the financial results for the fiscal quarter ended September 30, 2013, and provides an earnings outlook for 2013 and 2014.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached exhibits (Exhibit 99.1 Earnings News Release, Exhibit 99.2 Statistical Summary, and Exhibit 99.3 Slide Presentation) rather than the body of the 8-K report itself.
Material Changes
The filing references a quarterly consolidated statistical summary comparing the three-month and nine-month periods ended September 30, 2013, against the same periods in 2012. However, the specific material changes or variances between these periods are not detailed in the provided text.
Guidance, Outlook, and Risks
Management issued a press release on October 31, 2013, containing an earnings outlook for 2013 and 2014. The filing also references a slide presentation 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 attached exhibits.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific earnings news release and outlook figures.
- Analyze Exhibit 99.2 for the detailed statistical summary comparing Q3 2013 to Q3 2012.
- Examine Exhibit 99.3 for the slide presentation accompanying the October 31, 2013, conference call.
- Verify the company's website (www.pinnaclewest.com) for the concurrently posted summary and glossary of terms.