The stock may face downward pressure due to the 2026 guidance reduction from the industrial customer departure, despite strong 2025 performance. Monitor capital expenditure plans and regulatory outcomes as key drivers for future earnings.
Price Chart
Executive Summary
Avista Corp. reported 2025 GAAP net income of $193 million ($2.38 per share), up from $180 million ($2.22 per share) in 2024. Non-GAAP utility earnings were $207 million ($2.55 per share), up from $187 million ($2.38 per share) in 2024. The company initiated 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per share, which includes a $0.12 per share reduction due to an industrial customer's early departure.
Key Financial Metrics
Key Facts
- 2025 GAAP net income: $193 million ($2.38 per share) vs. $180 million ($2.29 per share) in 2024
- 2025 non-GAAP utility earnings: $207 million ($2.55 per share) vs. $187 million ($2.38 per share) in 2024
- 2026 non-GAAP utility earnings guidance: $2.52 to $2.72 per share
- 2026 guidance includes $0.12 per share reduction due to industrial customer departure
- 2025 capital expenditures: $553 million for Avista Utilities, $17 million for AEL&P
Financial Impact
Revenue increased from $1.887 billion in 2024 to $1.916 billion in 2025, with net income increasing from $180 million to $193 million
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Avista Utilities | $969.0M | +12.3% |
| AEL&P | — | — |
Risk Factors
- Reduction in 2026 earnings guidance due to industrial customer departure
- Increased investment losses in clean technology sector
- Environmental remediation liability expense
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-067873 |
| Document: ava-20260225.htm | 0001193125-26-067873 |
| Document: ava-ex99_2.htm | 0001193125-26-067873 |
| Document: 0001193125-26-067873-index-headers.html | 0001193125-26-067873 |
| Document: 0001193125-26-067873-index.html | 0001193125-26-067873 |
| Document: 0001193125-26-067873.txt | 0001193125-26-067873 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | Press Release | $38.43 $37.40 | ▼ −2.68% | ▼ −1.62% | $37.23 (−3.12%) |
Aug 3, 2026 12w ago | Press Release | $39.55 $37.16 | ▼ −6.04% | ▼ −7.28% | $37.23 (−5.87%) |
Jul 31, 2026 12w ago | Press Release | $39.55 $37.16 | ▼ −6.04% | ▼ −7.28% | $37.23 (−5.87%) |
Jun 2, 2026 20w ago | 8-K | $41.08 $41.40 | ▲ +0.78% | ▲ +1.78% | $37.23 (−9.37%) |
May 6, 2026 24w ago | Press Release | $40.98 $41.08 | ▲ +0.24% | ▼ −2.89% | $37.23 (−9.15%) |
May 5, 2026 24w ago | Press Release | $40.93 $41.85 | ▲ +2.25% | ▼ −2.71% | $37.23 (−9.04%) |
Apr 8, 2026 28w ago | Press Release | $42.09 | awaiting T+20 | — | $37.23 (−11.55%) |
Apr 1, 2026 29w ago | DEFA14A | $41.34 $41.10 | ▼ −0.58% | ▼ −10.46% | $37.23 (−9.94%) |
Feb 24, 2026 34w ago | 8-K | $40.61 $39.36 | ▼ −3.08% | ▲ +2.16% | $37.23 (−8.32%) |
US Market Status
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