AVA

Avista reported higher Q1 results with consolidated EPS of $1.11 (vs. $0.98 a year earlier) and non‑GAAP utility EPS of $1.10 (vs. $1.01), and reaffirmed 2026 non‑GAAP utility guidance of $2.52–$2.72 per share (including an expected $0.10 ERM headwind). The company is negotiating with a prospective data‑center customer that could add up to 500 MW (targeting an MOU by May 31), while its vetted large‑load pipeline has narrowed to about 1.1 GW from 1.7 GW. Avista is prioritizing grid hardening and wildfire mitigation (citing faster storm restorations in March) and plans significant investment — $615M in 2026 and $3.4B from 2026–2030 — with financing plans including $230M of long‑term debt and up to $90M of equity in 2026 and regulatory outcomes (Washington rate‑case conference on the 22nd) key to cost recovery. Interested in Avista Corporation? Here are five stocks we like better. Avista (NYSE:AVA) reported higher first-quarter 2026 earnings and reiterated its full-year outlook as executives pointed to grid resilience work, ongoing regulatory proceedings, and continued discussions with prospective large-load customers as key themes shaping the year. Investor Relations Manager Stacey Walters said Avista’s consolidated first-quarter 2026 earnings were $1.11 per diluted share, up from $0.98 in the first quarter of 2025. On a non-GAAP utility basis—defined as results from the Avista Utilities and AEL&P segment—Walters said first-quarter 2026 earnings were $1.10 per diluted share, compared to $1.01 a year earlier. → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries Walters noted the company’s non-GAAP utility earnings presentation reflects management’s focus on its “core utility business,” and excludes certain unrealized gains and losses in non-regulated other businesses that can be “significant,” difficult to predict, and outside management’s control. President and CEO Heather Rosentrater said Avista entered 2026 with “real momentum,” highlighting ongoing investments to “strengthen reliability and resilience,” pursue growth opportunities, and support long-term resource adequacy. → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches Rosentrater emphasized that the company’s grid hardening and resilience efforts—particularly vegetation management tied to wildfire mitigation programs—have delivered broader benefits beyond wil...

Management attributes improved storm response and faster restoration times to ongoing grid hardening and wildfire mitigation investments, specifically citing the successful recovery of 60,000 customers during March high-wind events. The company is utilizing proprietary predictive tools developed for wildfire monitoring to better anticipate general weather-related risks, allowing for earlier staging of crews and materials. Strategic resource planning is focused on balancing clean energy compliance with customer affordability, specifically by avoiding unnecessary expenses through the 'right mix' of resource timing. Management is prioritizing 'appropriate protections' for existing customers in negotiations with large load developers to ensure new entrants contribute significantly to overall system affordability. Operational performance in Q1 was driven by disciplined cost management across the utility segments, which management believes positions the company well for the remainder of the year. The utility is actively engaging with the Washington Commission to advocate for policy frameworks that ensure equitable cost and benefit allocation for large load integrations. Avista is targeting a signed Memorandum of Understanding (MOU) with a prospective 500 MW data center customer by May 31, 2026. The five-year capital plan of $3.4 billion excludes up to $350 million in potential incremental investment required to integrate new large load customers. Management expects a 2026 negative impact of $0.10 per share from the Energy Recovery Mechanism (ERM), with $0.09 of that impact projected to be recognized evenly across Q2 and Q3. Long-term earnings growth is projected at 4% to 6% from the 2025 midpoint, supported by an expected rate base growth of 8% if large load investments are integrated. The 2026 financing plan assumes the issuance of $230 million in long-term debt and up to $90 million in common stock to maintain liquidity and fund capital projects. The 2026 year-over-year comparisons will be impacted by the absence of Colstrip-related revenue, which was present for the full year in 2025. Management highlighted a 0.6% expected regulatory lag, resulting in an estimated long-term utility equity return of approximately 9%. A build-transfer battery energy storage project has been included in the base capital plan with a target online date of 2028. The company is shifti...

Avista (AVA) reported Q1 non-GAAP utility earnings Tuesday of $1.10 per diluted share, up from $1.01

SPOKANE, Wash., May 05, 2026 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) today reported net income based on GAAP of $92 million, or $1.11 per diluted share, for the first quarter of 2026, compared to $79 million, or $0.98 per diluted share, in 2025. Non-GAAP utility earnings1 were $91 million, or $1.10 per diluted share, compared to $82 million, or $1.01 per diluted share in 2025. Avista Corp. is confirming its 2026 non-GAAP utility earnings guidance2 with a range of $2.52 to $2.72 per diluted share. CEO Perspective “Strong performance in the first quarter demonstrates our focus on fundamentals: safety, reliability, and sound operational and financial execution. Our continued investments ensure we meet the needs of the communities we serve and also build long-term value for our customers, communities and shareholders. We are on track to meet our 2026 earnings guidance and are confident in the opportunities ahead,” said Heather Rosentrater, President and CEO of Avista. Analysis of First Quarter 2026 GAAP Earnings Net income for the first quarter of 2026 increased compared to the first quarter of 2025 primarily due to increased utility margin resulting from the effects of our general rate cases and net investment gains at our other businesses compared to net investment losses in the first quarter of 2025. Analysis of 2026 Non-GAAP Utility Earnings The following table presents the changes in non-GAAP utility earnings and non-GAAP utility earnings per diluted share for the first quarter of 2026, as compared to the first quarter of 2025. It also outlines the various after-tax factors that contributed to these changes (dollars in millions, except per-share data): (a) The tax impact of each line item was calculated using Avista Corp.'s federal statutory tax rate of 21 percent. (b) Electric utility margin decreased as a result of the removal of revenues related to the recovery of Colstrip costs, partially offset by other effects of our general rates cases. The Energy Recovery Mechanism (ERM) resulted in a $1 million pre-tax expense for the first quarter of 2026, compared to a $7 million pre-tax expense in the same period in 2025. (c) Natural gas utility margin increased primarily due to the effects of our general rate cases. (d) Other operating expenses remained unchanged, with decreased expenses from Colstrip offset by expected increases in other expenses. (e) Dep...

Image source: The Motley Fool. Tuesday, May 5, 2026 at 10:30 a.m. ET President and Chief Executive Officer — Heather Lynn Rosentrater Senior Vice President, Chief Financial Officer, Treasurer, and Regulatory Affairs — Kevin J. Christie Director, Investor Relations — Stacey Walters Need a quote from a Motley Fool analyst? Email [email protected] Stacey Walters: Thank you, and good morning. Thank you all for joining us for Avista Corporation’s first quarter 2026 earnings conference call. Our earnings and first quarter Form 10-Q were released pre-market this morning. You can find both documents and this presentation on our website. Joining me today are Avista Corporation President and CEO, Heather Lynn Rosentrater, and Senior Vice President, CFO, Treasurer, and Regulatory Affairs, Kevin J. Christie. We will be making forward-looking statements during this call. These involve assumptions, risks, and uncertainties which are subject to change. Various factors could cause actual results to differ materially from the expectations we discuss in today’s call. Please refer to our Form 10-K for 2025 and our Form 10-Q for 2026 for a full discussion of these risk factors. Both are available on our website. On this call, we will also discuss non-GAAP utility earnings. Our first quarter earnings presentation is posted on our website and includes definitions and reconciliations for all non-GAAP disclosures, including non-GAAP utility earnings. Our non-GAAP utility earnings are comprised of results from our Avista Utilities and AEL&P segments. The unrealized gains and losses that have historically made up the majority of our non-regulated other business earnings can be significant, but they are difficult to predict and outside management’s control. Discussion of non-GAAP utility results and earnings guidance reflects management’s focus on the core utility business. And now, let me turn it over to Kevin for a recap of the financial results presented in today’s press release. Kevin J. Christie: Thank you, Stacey. Our consolidated first quarter 2026 earnings were $1.11 per diluted share compared to $0.98 in 2025. Our first quarter 2026 non-GAAP utility earnings were $1.10 per diluted share compared to $1.10 per diluted share in 2025. Now I will turn the call over to Heather. Heather Lynn Rosentrater: Thank you, Stacey. It is hard to believe the first quarter is already behind us. The...

Avista (AVA) came out with quarterly earnings of $1.1 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.85%. A quarter ago, it was expected that this utility would post earnings of $1.01 per share when it actually produced earnings of $0.88, delivering a surprise of -12.87%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Avista, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $570 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 11.56%. This compares to year-ago revenues of $617 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Avista shares have added about 5.2% since the beginning of the year versus the S&P 500's gain of 5.2%. While Avista has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Avista was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interes...

SPOKANE, Wash. (AP) — SPOKANE, Wash. (AP) — Avista Corp. (AVA) on Tuesday reported first-quarter net income of $92 million. On a per-share basis, the Spokane, Washington-based company said it had profit of $1.11. Earnings, adjusted for non-recurring gains, came to $1.10 per share. The utility posted revenue of $570 million in the period. Avista shares have risen 5% since the beginning of the year. The stock has dropped almost 3% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVA at https://www.zacks.com/ap/AVA

SPOKANE Wash., April 08, 2026 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) will hold its quarterly conference call and webcast to discuss first quarter 2026 results on Tuesday, May 5, 2026, at 10:30 a.m. Eastern Daylight Time. A news release with first quarter 2026 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on May 5, 2026. This call can be accessed on Avista’s website at investor.avistacorp.com. You must pre-register for the call via the Presentations and Events link at Avista’s website (investor.avistacorp.com/events-and-presentations) to access the call-in details for the webcast. A replay of the webcast will be available for one year on the Avista Corp. website at investor.avistacorp.com. Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is the operating division that provides electric service to 429,000 customers and natural gas to 386,000 customers. Its service territory covers 34,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.5 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista stock is traded under the ticker symbol "AVA." For more information about Avista, please visit avistacorp.com. Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation. To unsubscribe from Avista’s news release distribution, send reply message to [email protected]. Contact: Media: Avista 24/7 Media Access (509) 495-4174 Lena Funston (509) 495-8090, [email protected] Investors: Stacey Walters (509) 495-2046, [email protected]

Management is shifting strategic focus toward the core utility business, introducing non-GAAP utility earnings to exclude volatile nonregulated valuation swings. The 2025 utility performance was impacted by a $0.07 per share headwind from a Washington Commission order regarding Colstrip-related investment recovery. A significant data center developer has provided a deposit for a project expected to scale from 125 megawatts to 500 megawatts by 2030. The company filed a four-year rate plan in Washington to improve regulatory predictability and address rising costs from grid modernization and wildfire risks. Management expects that new large load customers will contribute significantly to system costs, thereby improving overall customer affordability. Strategic resource selection from the 2025 RFP includes a mix of natural gas turbine upgrades, battery storage, and wind power purchase agreements. Energy assistance programs have been expanded to reach up to four times as many customers compared to two years ago to manage affordability concerns. The 2026 non-GAAP utility guidance includes a $0.12 per share one-time headwind from a large industrial customer returning to independent power procurement. Management is targeting a long-term EPS growth rate of 4% to 6% based on a 5% base capital compound growth rate through 2030. Potential incremental capital investment of up to $350,000,000 for large load integration could raise the compound capital growth rate to 12%. Dividend growth is expected to lag behind EPS growth until the payout ratio reaches the new target range of 60% to 70%. The 2026 outlook assumes a $0.10 negative impact from the energy recovery mechanism (ERM) based on current sharing bands and hydro forecasts. The Washington Commission's December order on Colstrip investments created a late-year earnings drag that prevented utility results from exceeding the guidance midpoint. Nonregulated business valuations experienced significant losses in 2025, which management attributed to shifts in federal public policy and sentiment. Financing plans for 2026 have been increased to $230,000,000 in long-term debt to support liquidity during the recovery of regulatory deferrals. Structural lag is expected to remain around 60 basis points, pressuring the utility's realized return on equity in the near term. Our analysts just identified a stock with the potential to...

Avista reported 2025 consolidated EPS of $2.38 and 2025 non‑GAAP utility EPS of $2.55, saying it will emphasize non‑GAAP utility results to reduce volatility from non‑regulated businesses; a one‑time Colstrip adjustment lowered EPS by $0.07. The company selected new resources from its RFP — including a 14 MW gas turbine upgrade, a 100 MW battery, a 200 MW wind PPA and ~40 MW of demand response — and disclosed a data‑center customer deposit for an initial 125 MW load potentially ramping to 500 MW, with ~1,700 MW remaining in its large‑load queue. Avista plans higher capital spending — $585M in 2026 and $3.4B from 2026–2030 (with up to $350M incremental for a new large customer) — expects ~$230M debt and up to $90M equity financing in 2026, issued 2026 non‑GAAP utility EPS guidance of $2.52–$2.72, and raised the dividend to $1.97 with a target payout of 60–70%. Interested in Avista Corporation? Here are five stocks we like better. Avista (NYSE:AVA) reported higher full-year 2025 earnings and outlined a utility-focused strategy that management said is intended to reduce noise from non-regulated business volatility, while highlighting new resource selections, an updated capital plan, and a multi-year rate filing in Washington. Investor Relations Manager Stacy Walters said Avista’s 2025 consolidated earnings were $2.38 per diluted share, up from $2.29 in 2024. On a non-GAAP basis focused on the core utility segments (Avista Utilities and AEL&P), 2025 non-GAAP utility earnings were $2.55 per diluted share, compared to $2.38 in 2024. → Microsoft Is Sliding—An Insider Buy and Oversold Signals Are Changing the Setup For the fourth quarter, Avista posted consolidated earnings of $0.87 per diluted share, up from $0.84 in the year-ago quarter. Non-GAAP utility earnings were $0.88 per diluted share, compared with $0.89 in the fourth quarter of 2024. Management emphasized that the shift toward discussing non-GAAP utility results reflects a focus on core operations. Walters noted that unrealized gains and losses in non-regulated businesses can be significant but are difficult to predict and largely outside management’s control. → SoundHound’s New Sales Assist Agent Put Voice AI Back in the Spotlight President and CEO Heather Rosentrater said 2025 Avista Utilities results were affected by “the one-time adjustment of Colstrip-related investments,” which reduced earnings per...

This article first appeared on GuruFocus. Consolidated Earnings (2025): $2.38 per diluted share, up from $2.29 in 2024. Non-GAAP Utility Earnings (2025): $2.55 per diluted share, up from $2.38 in 2024. Consolidated Earnings (Q4 2025): $0.87 per diluted share, up from $0.84 in Q4 2024. Non-GAAP Utility Earnings (Q4 2025): $0.88 per diluted share, down from $0.89 in Q4 2024. Capital Expenditures (2025): $553 million. Expected Capital Expenditures (2026): $585 million. Long-term Debt Issued (2025): $120 million. Common Stock Issued (2025): $78 million. Expected Long-term Debt Issuance (2026): Approximately $230 million. Expected Common Stock Issuance (2026): Up to $90 million. Dividend (2025): Raised to $1.97 per share. Non-GAAP Utility Earnings Guidance (2026): $2.52 to $2.72 per diluted share. Long-term Earnings Growth Expectation: 4% to 6% from the midpoint of 2025 consolidated earnings guidance. Warning! GuruFocus has detected 16 Warning Signs with AVA. Is AVA fairly valued? Test your thesis with our free DCF calculator. Release Date: February 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Avista Corp (NYSE:AVA) reported an increase in consolidated earnings to $2.38 per diluted share in 2025, up from $2.29 in 2024. The company successfully filed a four-year rate plan with the Washington Utilities and Transportation Commission, aiming to provide greater stability and predictability. Avista Corp (NYSE:AVA) announced significant projects from its RFP process, including a 100-megawatt battery energy storage system and a 200-megawatt power purchase agreement for wind energy. The company received a significant deposit from a data center developer, indicating potential large load growth in its service territory. Avista Corp (NYSE:AVA) raised its dividend to $1.97 per share, marking the 24th consecutive year of dividend increases, reflecting a compound annual growth of over 5%. Avista Corp (NYSE:AVA) faced a $0.07 per share decrease in earnings due to a one-time adjustment related to coal strip investments. The company experienced a negative impact from the energy recovery mechanism, expected to be $0.10 at the midpoint. A large industrial customer plans to return to procuring power independently, resulting in a one-time decrease of $0.12 in 2026 non-GAAP utility earnings guidance. The company anticipat...