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Pinnacle West Capital Corporation reported Q3 2025 earnings of $3.39 per share, bolstered by increased transmission revenue and a 5.4% rise in total sales. The company announced plans for a new natural gas generation site near Gila Bend, which could add 2,000 megawatts of capacity. Following these developments, Pinnacle West raised its 2025 earnings forecast to between $4.90 and $5.10 per share, up from a previous estimate of $4.40 to $4.60.