Avista's 2025 net income rises; forecasts 2026 capital expenditures of $585 mln

Avista

25/02/2026 12:13

Overview

Energy company's 2025 GAAP net income rose to $193 mln, driven by customer and load growth

Non-GAAP utility earnings for 2025 increased to $207 mln from $187 mln in 2024

Company initiates 2026 earnings guidance, reflecting a $0.12/share decrease due to customer exit

Outlook

Avista projects 2026 non-GAAP utility earnings of $2.52 to $2.72 per share

Company expects 2026 capital expenditures of $585 mln

Avista anticipates long-term earnings growth of 4-6% from 2025 midpoint

Result Drivers

UTILITY MARGINS - Electric and natural gas utility margins increased due to general rate cases and customer growth

OPERATING EXPENSES - Other operating expenses increased due to higher employee salaries and benefits and wildfire mitigation costs

DEPRECIATION EXPENSE - Increased depreciation and amortization due to additions to utility plant

Company press release: ID:nGNX1Jnv4p

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.88


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy."

Wall Street's median 12-month price target for Avista Corp is $39.00, about 8.6% below its February 24 closing price of $42.65

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)