Data centers & energy
Pinnacle West
Business, financial evidence and documented connections to the AI buildout.
Business and AI exposure
Pinnacle West is the parent of Arizona Public Service. Its data-center relationship is utility power and infrastructure service, including exposure associated with Vantage’s Arizona development. It does not imply parent ownership of Vantage.
Earnings and disclosures
Latest verified results: Q2 2026 · Released 2026-08-04
Next results: 2026-11-03 · Q3 2026.
Checked 2026-10-18 · Financial context and sources ↓
Financial context
For Q2 2026, revenue was $1.456 billion and net income was $178.6 million, versus $192.6 million a year earlier. Interest, depreciation and lower transmission revenue offset growth and weather effects. Full-year weather-normalized EPS guidance remained $4.55–4.75.
Delivery and commitments
Utility disclosures identify growing large-load infrastructure needs. A campus’s 176 MW critical-IT design is a specification, not measured APS consumption. General load-growth or generation plans do not prove an AI-only customer contribution.
Costs, funding and dependencies
Rate recovery, financing access, resource procurement and large-load forecasts affect economic outcomes. The cited results do not disclose site-level revenue, profit or an AI-only sales percentage.
What to watch next
Track executed service scope, infrastructure readiness and actual customer demand. A reporting date or broad future generation project should not be substituted for a confirmed campus acceptance milestone.
Documented project connections
Each connection below has a specific, cited role. A supplier, lender, customer or proposed acquirer has different economics from the project owner.
Vantage Phoenix / AZ1
Utility parent exposure through Arizona Public Service, named by Vantage as the Phoenix campus power provider.
This establishes the utility relationship, not site-level AI load, earnings or campus ownership.
Evidence boundaries
Company totals, segment sales, bookings, backlog, spending, capacity and usage describe different things. They do not establish project-level revenue, earnings or an exact AI-only revenue share unless the cited disclosure explicitly says so.
This is a dated research snapshot. Forecasts are attributed expectations, and undisclosed amounts remain unknown. Source review does not certify every project or future outcome.