Pinnacle West Capital Corporation PNW delivered adjusted earnings per share of $1.71 in the second quarter of 2020, which beat the Zacks Consensus Estimate of $1.48 by 15.6%.The bottom line also improved from the year-ago quarter’s adjusted earnings of $1.28. The result reflects the impact of hotter-than-normal weather, which boosted demand.Total RevenuesIn the quarter under review, total revenues of $929.6 million improved 6.9% on a year-over-year basis. The top line also surpassed the Zacks Consensus Estimate of $902 million by 3.1%. Pinnacle West Capital Corporation Price, Consensus and EPS Surprise Pinnacle West Capital Corporation price-consensus-eps-surprise-chart | Pinnacle West Capital Corporation QuoteOperational HighlightsIn the second quarter, total operating expenses were $661.7 million, down 1.7% from the year-ago quarter.Operating income improved 33.2% year over year to $261.9 million.Interest expenses were $62.7 million, up 9% year over year.Financial HighlightsCash and cash equivalents worth $6.7 million as of Jun 30, 2020 were down from $10.3 million on Dec 31, 2019.Total long-term debt was $5,922.2 million as of Jun 30, 2020, higher than $4,832.6 million at 2019 end.Cash flow from operating activities for first-half 2020 was $369 million compared with $345.9 million in the comparable year-ago period. For the first six months of 2020, capital expenditure of the company was $676.9 million compared with $541.4 million in the corresponding quarter of last year.GuidanceManagement reaffirmed 2020 EPS in the range of $4.75-$4.95, the midpoint of which is $4.85, higher than the current Zacks Consensus Estimate of $4.83.The company is going to invest $4.7 billion in Arizona Public Service Company (APS) over the 2020-2022 time period. Pinnacle West Capital expects retail customer growth of 1.5-2% annually over the same time frame.Zacks RankPinnacle West Capital currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other ReleasesFirstEnergy Corporation FE delivered second-quarter 2020 operating earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 55 cents by 3.64%.CMS Energy Corporation CMS reported second-quarter 2020 adjusted earnings per share of 49 cents, which surpassed the Zacks Consensus Estimate of 45 cents by 8.9%.NiSource Inc NI delivered operating earnings of 13 cents per share in second-quarter 2020, which topped the Zacks Consensus Estimate of 7 cents by 85.7%.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FirstEnergy Corporation (FE): Free Stock Analysis Report CMS Energy Corporation (CMS): Free Stock Analysis Report Pinnacle West Capital Corporation (PNW): Free Stock Analysis Report NiSource, Inc (NI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research