Avista Q1 net income rises, confirms 2026 earnings guidance

Avista

05/05/2026 12:15

Overview

U.S. energy provider's Q1 net income and EPS rose yr/yr, driven by higher utility margin

Non-GAAP utility earnings for Q1 increased compared to prior yr

Company confirmed 2026 non-GAAP utility earnings guidance

Outlook

Avista confirms 2026 non-GAAP utility earnings guidance of $2.52-$2.72 per diluted share

Company expects 2026 capital expenditures of $615 mln

Avista expects long-term utility earnings growth of 4-6% from 2025 guidance midpoint

Result Drivers

ELECTRIC UTILITY MARGIN - Decrease driven by removal of revenues related to Colstrip cost recovery, partly offset by general rate case effects

NATURAL GAS UTILITY MARGIN - Increase primarily due to effects of general rate cases

DEPRECIATION AND AMORTIZATION - Decrease mainly due to exit from Colstrip, partly offset by plant additions

Company press release: ID:nGNXbqCBlx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.11
Q1 Net Income
$92 mln


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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.)