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CWA Asset Management Group LLC increased its position in Avista Corporation (NYSE: AVA) by 13.7% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,757 shares of the utilities provider's stock after acquiring an additional 22,993 shares during the quarter. CWA

 | Source: Avista Corporation

SPOKANE, Wash., Oct. 06, 2026 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) will hold its quarterly conference call and webcast to discuss third quarter 2026 results on Wednesday, Nov. 4, 2026, at 10:30 a.m. Eastern Daylight Time. A news release with third quarter 2026 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on Nov. 4, 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]: Stacey Walters (509) 495-2046, [email protected]

Filings include a reduction for natural gas customers in advance of the heating season; electric rates would remain nearly unchanged  | Source: Avista Corporation

SPOKANE, Wash., Aug. 31, 2026 (GLOBE NEWSWIRE) -- Avista (NYSE: AVA) – Avista’s Washington natural gas customers would see lower monthly bills this winter under annual rate adjustment requests the company filed today with the Washington Utilities and Transportation Commission (WUTC). These filings seek to true-up the level of costs in customer rates with the actual level incurred by the Company.

If approved, the requests would decrease natural gas rates by approximately 11.5%, while electric rates would remain nearly unchanged. The largest natural gas adjustment is related to Washington’s Climate Commitment Act and would reduce rates by approximately 11%. Additionally, the filing includes a reduction related to the cost of supply and transportation of natural gas. The electric adjustments are small and largely offset one another. Together, they would reduce electric rates by approximately 0.01%, resulting in little to no noticeable change in customer bills.

“We know many families and businesses are paying close attention to every expense right now,” said Heather Rosentrater, president and CEO of Avista. “These annual adjustments are separate from our pending general rate case and reflect specific costs that are reviewed every year in Washington. For natural gas customers, this year’s filing would result in lower bills heading into the winter heating season.”

Effect on customer bills

Natural gas customers—If approved by the WUTC, most residential natural gas customers in Washington using an average of 61 therms per month would see their monthly bills decrease by approximately $7.38, from $96.18 to $88.80 - a decrease of approximately 7.7%.

Customer type and rate scheduleProposed changeGeneral service (Schedule 101)Decrease of 5.7%Large general service (Schedules 111 & 112)Decrease of 24.4%Interruptible sales service (Schedules 131 & 132)Decrease of 22.9%Transportation service (Schedule 146)Decrease of 35.7%OverallDecrease of 11.5%   The large decreases for non-Schedule 101 customers is due to differing impacts of the Purchase Gas Adjustment (PGA) on the various rate schedules, especially for transportation service schedule 146 customers who procure their own wholesale natural gas and interstate transportation service and are not subject to the PGA. In addition, because the Climate Commitment Act (CCA) charges make up a smaller portion of a residential customers bills, the decrease from the CCA results in a larger impact for non-residential customers.

             Electric customers—If approved by the WUTC, residential electric customers in Washington using an average of 925 kilowatt-hours per month would see their monthly bills decrease by approximately $0.05, from $125.69 to $125.64 - a decrease of approximately 0.04%.

Customer type and rate scheduleProposed changeResidential service (Schedules 1, 7 & 8)Decrease of 0.03%General service (Schedules 11, 12, 13, 17 & 18)Increase of 0.01%Large general service (Schedules 21, 22 & 23)Increase of 0.04%Extra large general service (Schedules 25 & 25I)Increase of 0.03%Pumping service (Schedules 31 & 32)Decrease of 0.01%Street and area lighting (Schedules 42-48)Increase of 0.01%OverallDecrease of 0.01%   Actual bill impacts vary based on rate schedule and energy usage.

Additional filing information

For customers, businesses and others interested in additional detail, the following tables summarize the proposed adjustments included in the filings.

Natural gas adjustments

AdjustmentProposed changeClimate Commitment Act (CCA)Decrease of $32.8 million (11.0%)Purchased Gas Cost Adjustment (PGA)Decrease of $1.3 million (0.5%)Insurance Expense BalancingDecrease of $0.1 million (0.05%)Overall natural gas adjustmentDecrease of $34.3 million (11.5%)   Climate Commitment Act – Applicable to Washington Natural Gas
The CCA adjustment is filed annually to true-up actual CCA compliance costs with the amounts currently included in rates. The adjustment also updates the CCA Benefits returned to customers from the consignment of no-cost allowances allocated by the Washington Department of Ecology and sold at auction. State law requires that these revenues, at a minimum, eliminate any CCA cost burden for low-income customers. Importantly, premises connected to the natural gas system after July 25, 2021 are not eligible to receive CCA benefits.Purchased Gas Cost Adjustment - Applicable to Washington Natural Gas
The PGA is filed annually to true-up the actual cost of natural gas purchased to serve customers with the amount currently included in rates. The PGA includes both the cost of the natural gas commodity and the cost of transporting that gas on interstate pipelines to Avista's distribution system. This year's rate adjustment is driven primarily by lower wholesale natural gas prices during the past winter, which fell below the level previously approved by the Commission and included in customer rates.Insurance Expense Balancing Account – Applicable to Washington Electric & Natural Gas
Avista’s Insurance Expense Balancing Account tracks the difference between actual insurance expenses incurred by Avista and the base level of insurance expense approved by the Commission in a prior general rate case. Depending on the difference, the amount is either credited to or collected through customer rates. This year’s proposed decrease reflects lower insurance costs incurred by the company. Electric adjustments

AdjustmentProposed changeResidential Exchange ProgramDecrease of $0.1 million (0.01%)Insurance Expense BalancingDecrease of $0.4 million (0.05%)Clean Energy Implementation Plan (CEIP)Increase of $0.5 million (0.06%)Overall electric adjustmentDecrease of approximately $20,000 (0.01%)   Residential Exchange Program – Applicable to Washington Electric
The Residential Exchange Program shares benefits from the federal Columbia River power system with residential and small farm customers of investor-owned utilities, like Avista, throughout the Pacific Northwest. The benefit amount can change from year to year. Due to fluctuations in customer energy usage, Avista received slightly more from BPA than it returned to customers. If approved, this adjustment would allow Avista to return the remaining balance and slightly increase the benefits shared with qualifying customers.Clean Energy Implementation Plan (CEIP) - Applicable to Washington Electric
This adjustment recovers costs associated with implementing Washington’s Clean Energy Transformation Act (CETA) requirements, including investments that support vulnerable populations and highly impacted communities. These costs include funding for the Named Communities Investment Fund (NCIF), a targeted initiative that supports the equitable distribution of energy and non-energy benefits and the reduction of burdens experienced by Vulnerable Populations and Highly Impacted Communities (Named Communities). The rate adjustment also recovers the costs of additional resources necessary to carry out the CEIP and associated implementation requirements. Customer assistance and energy-saving resources

Avista recognizes that many households and businesses continue to face financial pressures.

Customers may qualify for assistance through the company’s My Energy Discount program, payment arrangements, preferred due dates and other bill-management options. Avista also partners with local community action agencies to help eligible customers access emergency energy assistance, home weatherization services and heating system improvements.

Customers interested in available programs and assistance options can learn more at myavista.com/assistance.

About Avista Corp.
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 our operating division that provides electric service to 429,000 customers and natural gas to 386,000 customers. Our 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. AERC is an Avista subsidiary that, through its subsidiary AEL&P, provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska. Our stock is traded under the ticker symbol “AVA”. For more information about Avista, please visit www.avistacorp.com.

This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s and the Quarterly Report on Form 10-Q for the quarter ended Jun. 30, 2026, and its Annual Report on Form 10-K for the year ended Dec. 31, 2025.

Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.

SOURCE: Avista Corporation

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Contact:
Media: Lena Funston (509) 495-8090 [email protected]
Investors: Stacey Walters (509) 495-2046, [email protected]
Avista 24/7 Media Access (509) 495-4174  

Revenue: Sales exceeded $1.5 billion, growing more than 20% (or 9% on an organic basis) year-over-year.Adjusted EBITDA Margin: 27.7%, including the benefit of $

Avista NYSE: AVA used its second-quarter 2026 earnings call to focus primarily on wildfires near Spokane, Washington, which have damaged parts of its electric transmission and distribution system, displaced residents and employees, and left thousands of customers without electric or natural gas service.

President and CEO Heather Rosentrater said multiple fires, fueled by dry and windy conditions, spread rapidly over the weekend and remain uncontained. She said the company’s facilities were not involved in starting any of the Spokane-area fires.

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“Thousands of people, including many of our employees, have been displaced and many are still facing great uncertainty,” Rosentrater said. “Our hearts are with everyone who has had to evacuate their homes, everyone who has suffered loss, and all who continue working on the front lines.”

Outages and Infrastructure Damage At the time of the call, about 7,300 of Avista’s 429,000 electric customers were without power, while approximately 5,300 of its 386,000 natural gas customers were without service. The remaining outages were related to active wildfire conditions, damaged infrastructure, evacuation restrictions and safety concerns, rather than the company’s public safety power shutoff event, Rosentrater said.

The company identified significant impacts to transmission and distribution facilities serving parts of West Spokane. Several transmission lines sustained wildfire damage, reducing system capacity. Avista repaired and energized one key transmission line on the morning of the call, which Rosentrater said significantly reduced the risk of additional customer outages caused by capacity constraints.

Avista has also repaired some other damaged lines, but several remain out of service. Crews have gained access to affected areas and begun repairs to the transmission system. Rosentrater said the transmission restoration work should take less time than repairs to the distribution system, where the full extent of the damage remains under assessment.

“With the distribution, there’s a significant structure loss,” Rosentrater said in response to a question about the expected timing for normalizing infrastructure. “Working through how we support the areas that remain, that’s what we’re trying to understand better right now and how long that will take. It’s still to be determined.”

Recovery, Insurance and Wildfire Mitigation Senior Vice President, CFO, Treasurer and Regulatory Affairs Officer Kevin Christie said the company was still assessing the damage and had not determined whether it would seek a regulatory filing related to recovery of wildfire-related costs. He noted that many of the affected assets are long-lived, which should limit the effect of regulatory lag.

Christie said Washington legislation enacted two legislative sessions earlier permits the securitization of wildfire-related costs. However, he said the current event did not appear to approach the level of monetary impact that would warrant securitization.

“Securitization would be for, I would say, much more impactful events than what we’re experiencing now,” Christie said, while emphasizing that the fires remain significant for affected communities and employees.

Rosentrater said the company’s wildfire mitigation measures, including public safety power shutoffs, vegetation management, real-time situational awareness and operational changes, demonstrated value during the event. During inspections before restoring service to proactively de-energized feeders, crews found several trees that had fallen into one line, she said.

Rosentrater described public safety power shutoffs as a tool to help prevent wildfire ignitions, though she acknowledged the difficulty those outages can create for communities.

Data Center Discussions Remain Paused Avista also addressed its ongoing review of potential large data center loads. Rosentrater said the company would not move forward with a new large data center customer unless it is confident the customer would make significant contributions supporting affordability for existing customers and would maintain or enhance reliability.

The company expects any large-load arrangement to provide a net benefit to current customers and include protections ensuring existing customers do not bear associated costs, she said. Avista has been considering potential tariff updates, hybrid tariffs, special contracts and possible state-level policy measures.

The company has paused activity under a memorandum of understanding related to a proposed 500-megawatt data center project, which Avista removed as upside from its capital plan. Rosentrater said the pause has allowed more time to review internal processes and engage with regulators, local partners and other stakeholders.

Christie said an upcoming Washington Utilities and Transportation Commission workshop should help inform the process. He said Avista has historically used special contracts for large-load customers and wants to provide clearer assurances that existing customers are protected and receive benefits.

Washington Rate Case Outlook On Avista’s Washington rate case, Christie said a settlement appears likely to be difficult because parties hold fundamentally different views on the company’s proposed four-year rate plan. He said the company continues to support the four-year structure.

Christie said staff testimony was relatively close to Avista’s position in some areas, despite differences in methodology. He identified return levels proposed by public counsel and the lack of a proposed power-supply adjustment as major points of disagreement.

Avista planned to file rebuttal testimony on Aug. 7, followed by hearings expected Sept. 17-18. Christie said the company expects a commission order around the middle of December.

He added that, if an extreme event occurred during a four-year plan, Avista could refile and replace the third and fourth years of the plan, though he said the company does not believe the current wildfire event would require that action.

About Avista (NYSE:AVA)Avista Corporation operates as an integrated energy company providing electric and natural gas delivery services to residential, commercial and industrial customers in the Pacific Northwest. Through its regulated utility operations, the company maintains and upgrades an extensive transmission and distribution network, delivering reliable energy to approximately 400,000 electric customers and 324,000 natural gas customers across Washington, Oregon and Idaho. In addition to its core utility business, Avista invests in owned generation assets, including hydroelectric, natural gas–fired, coal and wind facilities, to support system reliability and long-term supply planning.

Founded in 1889 as the Spokane and Inland Empire Water Power Company, the business adopted the Avista name in 1999 to reflect its growing energy portfolio and strategic focus on innovation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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SPOKANE, Wash., Aug. 03, 2026 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) today reported the following results for the second quarter of 2026 and the six months ended June 30, 2026 as compared to the respective periods in 2025 (dollars in millions, except per-share amounts):

  Second Quarter  Year-to-Date   2026  2025  2026  2025 Net income based on GAAP $35  $14  $127  $93 Earnings per diluted share based on GAAP $0.43  $0.17  $1.54  $1.15              Non-GAAP utility earnings1 $23  $24  $114  $105 Non-GAAP utility earnings per diluted share1 $0.29  $0.29  $1.38  $1.30                   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 execution of our operational priorities and disciplined cost management reinforce confidence in our outlook and long-term strategy. Results for the quarter also benefited from the recovery of non-utility investment losses recognized in 2025. By maintaining a balanced approach to investments in our system and affordability, we continue to position the company to deliver value for both our customers and shareholders,” said Heather Rosentrater, President and CEO of Avista.

Analysis of 2026 GAAP Earnings

Net income for the three and six months ended June 30, 2026 increased compared to the respective periods in 2025 primarily due to investment performance at our other businesses. We recognized net investment gains in 2026, compared to net investment losses in 2025. For the six months ended June 30, 2026, net income also increased as a result of the impacts of our general rate cases.

¹ See reconciliations to GAAP measures and further information in the "Non-GAAP Financial Measures" section within this press release.

² Avista Corp. is unable to provide GAAP earnings guidance or present a quantitative reconciliation of forward-looking non-GAAP utility earnings and utility growth guidance without unreasonable effort because certain reconciling items are not estimable. For instance, investment gains and losses, which have historically made up the majority of our non-regulated other business earnings and can be significant to our overall results, are difficult to predict due to various factors outside of management's control. These items are uncertain, depend on various factors, and may have a material impact on our future GAAP results.

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 second quarter and year-to-date 2026, as compared to the same periods of 2025. It also outlines the various after-tax factors that contributed to these changes (dollars in millions, except per-share data):

  Second Quarter  Year-to-Date   Net
Income (a)  Earnings
per Share  Net
Income (a)  Earnings
per Share 2025 utility earnings $24  $0.29  $105  $1.30 Changes in net income and diluted earnings per share:            Avista Utilities            Electric revenues (b)  —   —   (13)  (0.16)Natural gas revenues (c)  —   0.01   (27)  (0.32)Electric resource costs (d)  2   0.02   13   0.16 Natural gas resource costs (e)  2   0.03   33   0.40 Other operating expenses (f)  (9)  (0.11)  (9)  (0.11)Depreciation and amortization (g)  3   0.04   6   0.08 Interest expense  (2)  (0.02)  (3)  (0.04)Other (h)  4   0.04   7   0.08 Income tax at effective rate (i)  (1)  —   1   0.02 Dilution on earnings n/a   (0.01) n/a   (0.04)Total Avista Utilities  (1)  0.00   8   0.07 AEL&P  —   —   1   0.01 2026 utility earnings $23  $0.29  $114  $1.38                   (a)    The tax impact of each line item was calculated using Avista Corp.'s federal statutory tax rate of 21 percent.
(b)    Electric revenues decreased year-to-date as a result of decreased wholesale revenues, the removal of revenues related to the recovery of Colstrip costs, and decreased industrial sales volumes associated with the departure of a large industrial customer. These decreases were partially offset by other effects of our general rate cases.
(c)    Natural gas revenues decreased year-to-date due to purchased gas adjustments (PGAs) and Climate Commitment Act (CCA) related revenues, with corresponding decreases to natural gas resource costs.
(d)    Electric resource costs decreased due to decreased fuel costs, consistent with lower thermal generation, as well as decreased expense recognized under the Energy Recovery Mechanism (ERM). For the second quarter, the ERM resulted in a $6 million pre-tax expense in 2026, compared to a $1 million pre-tax expense in 2025. The ERM resulted in a $7 million pre-tax expense for the first half of 2026, compared to a $9 million pre-tax expense in the same period in 2025.
(e)    Natural gas resource costs decreased due to decreased volumes purchased, decreased net deferrals and amortizations of previously deferred costs under our PGAs, as well as decreased costs associated with the CCA.
(f)    Other operating expenses increased primarily due to increased employee salaries and benefit costs, partially offset by a decrease from the removal of Colstrip related costs.
(g)    Depreciation and amortization decreased primarily due to our exit from Colstrip in 2026. This decrease was partially offset by increases from additions to plant.
(h)    Other increases to earnings include increased interest income compared to the prior year and decreased taxes other than income taxes.
(i)    Our effective tax rate in the first half of 2026 was 12% compared to 14% in the same period of 2025.

Analysis of Non-Regulated Other Business Income

Income at our non-regulated other businesses was $13 million in the first half of 2026, compared to losses of $12 million in the first half of 2025. The fluctuation in results is primarily related to net investment gains in the second quarter of 2026 from our equity method investments, compared to net investment losses in the second quarter of 2025.

In June 2026, an underlying investment held by one of the funds in which we are invested completed an initial public offering and is now publicly traded. We estimate our portion of the fair value increase associated with this underlying investment in the second quarter of 2026 to be $17 million, which we will recognize in the third quarter as we record our activity related to this fund on a quarter lag. While actual results for the fourth quarter will reflect the fair value on Sept. 30, we estimate a loss of $13 million based on the fair value of the underlying investment on July 31. We will recognize valuation changes for other investments held, as appropriate.

Liquidity and Capital Resources

Liquidity

As of June 30, 2026, we had $199 million of available liquidity under the Avista Corp. committed line of credit and $59 million of available liquidity under our letter of credit facility.

We expect to issue up to $90 million of common stock in 2026, including $58 million issued in the first half of 2026.

We also expect to issue $230 million of long-term debt during 2026 (including $160 million issued in the first half of 2026). Due to increased regulatory deferrals and delayed recovery, we are evaluating the need for up to $100 million of additional short-term liquidity by the end of the fourth quarter of 2026.

Capital Expenditures

In the first half of 2026, Avista Utilities' capital expenditures were $314 million.

For Avista Utilities, we expect base capital expenditures as follows through 2030 (dollars in millions):

  2026  2027  2028  2029  2030 Expected base annual capital expenditures $615  $635  $800  $680  $710                       These estimates include expenditures for the projects selected through our 2025 request for proposal. These estimates do not include incremental transmission projects, like regional grid expansion, or additional generation. Potential additional capital expenditures associated with integrating new large load customers, if any, are also excluded.

2026 Utility Earnings Guidance and Outlook

Avista Corp. is confirming its 2026 non-GAAP utility earnings guidance with a range of $2.52 to $2.72 per diluted share.

This non-GAAP utility earnings guidance is based on the following assumptions:

Normal weather for the remainder of the yearA negative impact from the ERM of ($0.10) cents per diluted share within the 90% customer, 10% company sharing bandAn effective tax rate of 12 percentCapital expenditures of $615 million for the year Over the long term, we expect non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of our 2025 earnings guidance.

Our guidance does not include the effect of unusual or non-recurring items until the effects are probable. Various factors could cause actual results to differ materially from our expectations. Please refer to our 10-K for 2025, our 10-Q for the second quarter of 2026, and the cautionary statements below for a full discussion of these factors.

Non-GAAP Financial Measures

This press release includes non-GAAP financial measures, including utility earnings and utility earnings per diluted share. We present these non-GAAP measures in order to facilitate meaningful evaluation of our operating performance across periods, and we utilize these non-GAAP measures to assess current and forecast performance, as well as for communications with shareholders, analysts and investors. Non-GAAP measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP.

Non-GAAP utility earnings and utility earnings per diluted share exclude non-regulated other business activity, primarily consisting of realized and unrealized investment gains and losses. The presentation of utility earnings is intended to enhance the understanding of the Company's utility-specific operating performance.

The following table reconciles GAAP net income to non-GAAP utility earnings, and GAAP earnings per diluted share to non-GAAP utility earnings per diluted share for the three and six months ended June 30 (dollars in millions, except per share amounts):

  Second Quarter  Year-to-Date   2026  2025  2026  2025 GAAP net income as reported $35  $14  $127  $93 Non-GAAP adjustments:            Non-regulated other business (income) loss  (12)  10   (13)  12 Non-GAAP utility earnings $23  $24  $114  $105              GAAP earnings per diluted share as reported $0.43  $0.17  $1.54  $1.15 Non-GAAP adjustments:            Non-regulated other business (income) loss per diluted share  (0.14)  0.12   (0.16)  0.15 Non-GAAP utility earnings per diluted share $0.29  $0.29  $1.38  $1.30                   NOTE: We will host a conference call with financial analysts and investors on Aug. 3, 2026 at 10:30 a.m. ET to discuss this news release. This call can be accessed on Avista’s website at investor.avistacorp.com. You must register for the call via the link at Avista’s website (investor.avistacorp.com) to access the call-in details for the webcast. A replay of the webcast will be available for one year on the Avista Corp. web site 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 our operating division that provides electric service to approximately 429,000 customers and natural gas to 386,000 customers. Our 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. AERC is an Avista subsidiary that, through its subsidiary AEL&P, provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska. Our 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.

This news release contains forward-looking statements, including statements regarding our current expectations for future financial performance and cash flows, capital expenditures, financing plans, our current plans or objectives for future operations and other factors, which may affect the company in the future. Such statements are subject to a variety of risks, uncertainties and other factors, most of which are beyond our control and many of which could have significant impact on our operations, results of operations, financial condition or cash flows and could cause actual results to differ materially from those anticipated in such statements.

The following are among the important factors that could cause actual results to differ materially from the forward-looking statements:

Utility Regulatory Risk

state and federal regulatory decisions or related judicial decisions that affect our ability to recover costs and earn a reasonable return, including, but not limited to, disallowance or delay in the recovery of capital investments, operating costs, commodity costs, the ordering of refunds to customers and discretion over allowed return on investment; the loss of regulatory accounting treatment, which could require the write-off of regulatory assets and the loss of regulatory deferral and recovery mechanisms;

Operational Risk

weather conditions, which affect both energy demand and electric generating capability, including the impact of precipitation and temperature on hydroelectric resources, the impact of wind patterns on wind-generated power, weather-sensitive customer demand, and similar impacts on supply and demand in the wholesale energy markets; wildfires ignited, or allegedly ignited, by our equipment or facilities could cause significant loss of life and property or result in liability for resulting fire suppression costs and/or damages, thereby causing serious operational, reputational and financial harm; severe weather or natural disasters, including, but not limited to, avalanches, wind storms, wildfires, earthquakes, floods, extreme temperature events, snow and ice storms that could disrupt energy generation, transmission and distribution, as well as the availability and costs of fuel, materials, equipment, supplies and support services; political unrest and/or conflicts between foreign nation-states, which could disrupt the global, national and local economy, result in increases in operating and capital costs, impact energy commodity prices or our ability to access energy resources, create disruption in supply chains, disrupt, weaken or create volatility in capital markets, and increase cyber and physical security risks. In addition, any of these factors could negatively impact our liquidity and limit our access to capital, among other implications; explosions, fires, accidents, mechanical breakdowns or other incidents that could impair assets and may disrupt operations of our generation facilities, transmission, and electric and natural gas distribution systems or other operations and may require us to purchase replacement power or incur costs to repair our facilities; interruptions in the delivery of natural gas by our suppliers, including physical problems with pipelines themselves, can disrupt our service of natural gas to our customers and/or impair our ability to operate gas-fired electric generating facilities; explosions, fires, accidents or other incidents arising from or allegedly arising from our operations that could cause injuries to the public or property damage; dam failure at a company-owned hydroelectric facility; blackouts or disruptions of interconnected transmission systems (the regional power grid); terrorist attacks, cyberattacks or other malicious acts that could disrupt or cause damage to our utility assets or to the national or regional economy in general, including effects of terrorism, cyberattacks, ransomware, or vandalism that damage or disrupt information technology systems; pandemics, which could disrupt our business, as well as the global, national and local economy, resulting in a decline in customer demand, deterioration in the creditworthiness of our customers, increases in operating and capital costs, workforce shortages, losses or disruptions in our workforce due to vaccine mandates, delays in capital projects, disruption in supply chains, and disruption, weakness and volatility in capital markets. In addition, any of these factors could negatively impact our liquidity and limit our access to capital, among other implications; work-force issues, including changes in collective bargaining unit agreements, strikes, work stoppages, the loss of key executives, availability of workers in a variety of skill areas, and our ability to recruit and retain employees; changes in the availability and price of purchased power, fuel and natural gas, as well as transmission capacity; increasing costs of insurance, more restrictive coverage terms and our ability to obtain insurance; delays or changes in construction costs, and/or our ability to obtain required permits and materials for present or prospective facilities; increasing health care costs and cost of health insurance provided to our employees and retirees; increasing operating costs, including effects of inflationary pressures; third party construction of buildings, billboard signs, towers or other structures within our rights of way, or placement of fuel containers within close proximity to our transformers or other equipment, including overbuilding atop natural gas distribution lines; the loss of key suppliers for materials or services or other disruptions to the supply chain; adverse impacts to our Alaska electric utility (AEL&P) that could result from an extended outage of its hydroelectric generating resources or their inability to deliver energy, due to their lack of interconnectivity to other electrical grids and the availability or cost of replacement power (diesel); changing river or reservoir regulation or operations at hydroelectric facilities not owned by us, which could impact our hydroelectric facilities downstream;

Climate Change Risk

increasing frequency and intensity of severe weather or natural disasters resulting from climate change that could disrupt energy generation, transmission and distribution, as well as the availability and costs of fuel, materials, equipment, supplies and support services; change in the use, availability or abundancy of water resources and/or rights needed for operation of our hydroelectric facilities, including impacts resulting from climate change; changes in the long-term climate and weather could materially affect, among other things, customer demand, the volume and timing of streamflows required for hydroelectric generation, costs of generation, transmission and distribution. Increased or new risks may arise from severe weather or natural disasters, including wildfires as well as their increased occurrence and intensity related to changes in climate;

Cybersecurity Risk

cyberattacks on the operating systems used in the operation of our electric generation, transmission and distribution facilities and our natural gas distribution facilities, and cyberattacks on such systems of other energy companies with which we are interconnected, which could damage or destroy facilities or systems or disrupt operations for extended periods of time and result in the incurrence of liabilities and costs; cyberattacks on the administrative systems used in the administration of our business, including customer billing and customer service, accounting, communications, compliance and other administrative functions, and cyberattacks on such systems of our vendors and other companies with which we do business, resulting in the disruption of business operations, the release of private information and the incurrence of liabilities and costs;

Technology Risk

changes in technologies, possibly making some of the current technology we utilize obsolete or introducing new cybersecurity risks and other new risks inherent in the use, by either us or our counterparties, of new technologies in the developmental stage including, without limitation, generative artificial intelligence; changes in the use, perception, or regulation of generative artificial intelligence technologies, which could limit our ability to utilize such technology, create risk of enhanced regulatory scrutiny, generate uncertainty around intellectual property ownership, licensing or use, or which could otherwise result in risk of damage to our business, reputation or financial results; changes in costs that impede our ability to implement new information technology systems or to operate and maintain current production technology; insufficient technology skills, which could lead to the inability to develop, modify or maintain our information systems;

Strategic Risk

growth or decline of our customer base due to new uses for our services or decline in existing services, including, but not limited to, the effect of the trend toward distributed generation at customer sites; the potential effects of negative publicity regarding our business practices, whether true or not, which could hurt our reputation and result in litigation or a decline in our common stock price; changes in our strategic business plans, which could be affected by any or all of the foregoing, including the entry into new businesses and/or the exit from existing businesses and the extent of our business development efforts where potential future business is uncertain; wholesale and retail competition including alternative energy sources, growth in customer-owned power resource technologies that displace utility-supplied energy or may be sold back to the utility, and alternative energy suppliers and delivery arrangements; non-regulated activities may increase earnings volatility and result in investment losses; the risk of municipalization or other forms of service territory reduction;

External Mandates Risk

changes in environmental laws, regulations, decisions and policies, including, but not limited to, regulatory responses to concerns regarding climate change, efforts to restore anadromous fish in areas currently blocked by dams, more stringent requirements related to air quality, water quality and waste management, present and potential environmental remediation costs and our compliance with these matters; the potential effects of initiatives, legislation or administrative rulemaking at the federal, state or local levels, including possible effects on our generating resources, prohibitions or restrictions on new or existing services, or restrictions on greenhouse gas emissions to mitigate concerns over climate changes, including future limitations on the usage and distribution of natural gas; restrictions or changes in government grant programs and/or availability of other public funding used for capital projects; political pressures or regulatory practices that could constrain or place additional cost burdens on our distribution systems through accelerated adoption of distributed generation or electric-powered transportation or on our energy supply sources, such as campaigns to halt fossil fuel-fired power generation and opposition to other thermal generation, wind turbines or hydroelectric facilities; failure to identify changes in legislation, taxation and regulatory issues that could be detrimental or beneficial to our overall business; policy and/or legislative changes in various regulated areas, including, but not limited to, environmental regulation, healthcare regulations and import/export regulations; increasing costs due to potential tariffs applied to energy commodities and/or equipment and materials;

Financial Risk

our ability to obtain financing through the issuance of debt and/or equity securities and access to our funds held with financial institutions, which could be affected by various factors including our credit ratings, interest rates, other capital market conditions and global economic conditions; changes in interest rates that affect borrowing costs, variable interest rate borrowing and the extent to which we recover interest costs through retail rates collected from customers; volatility in energy commodity markets that affects our ability to effectively hedge energy commodity risks, including cash flow impacts and requirements for collateral; volatility in the carbon emissions allowances market that could result in increased compliance costs; changes in actuarial assumptions, interest rates and the actual return on plan assets for our pension and other postretirement benefit plans, which could affect future funding obligations, pension and other postretirement benefit expense and the related liabilities; the outcome of legal proceedings and other contingencies; economic conditions in our service areas, including the economy's effects on customer demand for utility services; economic conditions nationally may affect the valuation of our unregulated portfolio companies; declining electricity demand related to customer energy efficiency, conservation measures and/or increased distributed generation and declining natural gas demand related to customer energy efficiency, conservation measures and/or increased electrification; industry and geographic concentrations which could increase our exposure to credit risks due to counterparties, suppliers and customers being similarly affected by changing conditions; deterioration in the creditworthiness of our customers; activist shareholders may result in additional costs and resources required in response to activist actions;

Energy Commodity Risk

volatility and illiquidity in wholesale energy markets, including exchanges, the availability of willing buyers and sellers, changes in wholesale energy prices that could affect operating income, cash requirements to purchase electricity and natural gas, value received for wholesale sales, collateral required of us by individual counterparties and/or exchanges in wholesale energy transactions and credit risk from such transactions, and the market value of derivative assets and liabilities; default or nonperformance on the part of parties from whom we purchase and/or sell capacity or energy; potential environmental regulations or lawsuits affecting our ability to utilize or resulting in the obsolescence of our power supply resources; explosions, fires, accidents, pipeline ruptures or other incidents that could limit energy supply to our facilities or our surrounding territory, which could result in a shortage of commodities in the market that could increase the cost of replacement commodities from other sources;

Compliance Risk

changes in laws, regulations, decisions and policies at the federal, state or local levels, which could impact both our electric and gas operations and costs of operations; the ability to comply with the terms of the licenses and permits for our hydroelectric or thermal generating facilities at cost-effective levels;

Resource Adequacy Risk

the ability to source and deliver adequate energy to meet customer demand in periods of high demand or unplanned events; and the potential effects of regional wholesale market strains, including during extreme weather events.

For a further discussion of these factors and other important factors, please refer to our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. The forward-looking statements contained in this news release speak only as of the date hereof. We undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances that occur after the date on which such statement is made or to reflect the occurrence of unanticipated events. New risks, uncertainties and other factors emerge from time to time, and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on our business or the extent to which any such factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

To unsubscribe from Avista’s news release distribution, send reply message to [email protected].

Issued by: Avista Corporation

Contact:
Investors: Stacey Walters (509) 495-2046 [email protected]
Media: Lena Funston (509) 495-8090 [email protected]
Avista 24/7 Media Access (509) 495-4174

Wall Street expects a year-over-year decline in earnings on higher revenues when Avista (AVA - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 3, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis utility is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents a year-over-year change of -17.7%.

Revenues are expected to be $419.2 million, up 2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Avista?For Avista, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Avista will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Avista would post earnings of $1.08 per share when it actually produced earnings of $1.10, delivering a surprise of +1.85%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Avista doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Utility - Electric Power industry, American Electric Power (AEP - Free Report) , is soon expected to post earnings of $1.49 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +4.2%. Revenues for the quarter are expected to be $5.26 billion, up 3.4% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for AEP has been revised 2.4% up to the current level. Nevertheless, the company now has an Earnings ESP of -0.36%, reflecting a lower Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that AEP will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

"A traveler can set up the AI concierge in two minutes via Claude. Once set up, they can ask the agent to make a hotel booking, which will quickly narrow down the options for the traveler based on their prompt, avoiding decision paralysis," said Juan Otero, Travala's CEO.

"The way we book travel is changing," Otero said. Agentic bookings are the next iteration of the online experience, and will exist alongside traditional online bookings and human travel agents for at least the foreseeable future. But I think the online travel market is moving toward agentic commerce, even though it's still very early days," he said.

Travala true believers – and users – hold the company's token, AVA. This is a micro-cap trade, trading at around $0.19. Like many alt-coins, it has collapsed since its initial offering and has had a rough 2026 like the broad cryptocurrencies market. AVA is a utility/rewards token. Token ownership does not equate to equity ownership in the company. 

Is Web3 Travel Really A Market?Emirates Airlines signed a memorandum of understanding with Crypto.com in July 2025 to explore integrating their payment infrastructure. 

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

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Pinnacle West's stock has re-rated to 21.9x forward earnings during a guided-down year, leaving little margin for error ahead of a politically charged rate case decision expected in Q4 2026. Avista disclosed a significant data center deposit on its Q4 call that could reshape the growth story for a utility trading below its historical valuation multiples. PNW's demand story in Arizona is real (5% sales growth, TSMC expanding), but the gap between spending and earning won't close until the rate case resolves.

Plan outlines clean energy targets, enhanced community investments, and customer-focused programs March 24, 2026 16:05 ET  | Source: Avista Corporation

SPOKANE, Wash., March 24, 2026 (GLOBE NEWSWIRE) -- Avista Utilities, an operating division of Avista Corp. (NYSE: AVA), announced today that the Washington Utilities and Transportation Commission has formally approved Avista’s 2025 Clean Energy Implementation Plan (CEIP). The plan builds on Avista’s long-standing clean energy foundation while outlining the path forward to meet Washington’s non-carbon emitting energy requirements.

“We built a plan designed to meet the demands of a rapidly evolving energy system by bringing community voices together with our technical expertise,” said Scott Kinney, Avista energy resources & integrated planning Vice President. “Its approval demonstrates how innovation and partnership will shape a safe, reliable and sustainable energy future.”

The 2025 CEIP, required under Washington’s Clean Energy Transformation Act (CETA), is Avista’s four-year action plan that outlines the near-term steps the company will take to support the long-term energy strategy set in its Integrated Resource Plan (IRP). The IRP establishes Avista’s long range approach for meeting customer energy needs, and the CEIP turns that strategy into specific commitments, such as issuing a 2025 Request for Proposals (RFP) to acquire cost effective new energy resources.

Together, these plans guide Avista toward CETA’s requirements of providing carbon neutral electricity by 2030 and achieving a 100% clean energy supply by 2045. With conditional approval from state regulators, Avista will continue carrying out the programs and targets included in the 2025 CEIP to move steadily toward these energy milestones.

Building on a system where more than half of Avista’s generating potential already comes from hydropower, biomass, wind, and solar resources, the approved 2025 CEIP includes measurable, near‑term actions that will accelerate the company’s clean energy transition.

Key elements include:

increased clean energy delivery targets for Washington customers between 2026 and 2029modern grid management advancements, including demand response initiatives designed to reduce peak usage and improve system resiliencyexpanded energy efficiency programs to help customers reduce energy use while maintaining comfort and productivityenhanced community engagement commitments, including programs centered on equity and meaningful participation from populations historically affected by energy and environmental inequities, such as the Named Communities Investment Fund (NCIF) This is the Company's second CEIP filing since CETA was enacted. The plan was subject to public review prior to the Commission's decision.

Avista’s complete 2025 CEIP is available at myavista.com/CEIP and on the Commission website at utc.wa.gov. You can submit questions or ask for additional information via mail at: Avista, 1411 E Mission Ave, C/O Clean Energy Transformation Act, Spokane, WA 99202, email at [email protected], call (800) 227-9187, or submit a comment at myavista.com/CEIP. Reference Docket UE-250746.

About Avista Utilities
Avista Utilities is involved in the production, transmission and distribution of energy. We provide energy services and electricity to 429,000 customers and natural gas to 386,000 customers in a service territory that covers 34,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.5 million. Avista Utilities is an operating division of Avista Corp. (NYSE: AVA). For more information, please visit myavista.com.

The Avista logo is a trademark of Avista Corporation.

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Contact:
Avista 24/7 Media Access: (509) 495-4174
Media: Ariana Lake (509) 279-3308 [email protected]

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Posted by Defense World Staff on Apr 4th, 2026

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Avista Corporation (NYSE:AVA – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,188 shares of the utilities provider’s stock, valued at approximately $1,086,000.

Several other institutional investors and hedge funds have also bought and sold shares of AVA. Royal Bank of Canada boosted its position in Avista by 5.3% during the 1st quarter. Royal Bank of Canada now owns 65,494 shares of the utilities provider’s stock valued at $2,741,000 after buying an additional 3,296 shares during the period. AQR Capital Management LLC increased its position in shares of Avista by 11.1% in the first quarter. AQR Capital Management LLC now owns 69,831 shares of the utilities provider’s stock valued at $2,924,000 after acquiring an additional 6,967 shares during the period. United Services Automobile Association bought a new position in shares of Avista during the first quarter valued at about $201,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Avista by 26.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 283,182 shares of the utilities provider’s stock valued at $11,857,000 after acquiring an additional 58,504 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Avista during the first quarter worth about $134,000. 85.24% of the stock is currently owned by institutional investors.

Avista Trading Down 0.1% Shares of AVA opened at $41.31 on Friday. Avista Corporation has a 1-year low of $35.50 and a 1-year high of $43.50. The company has a current ratio of 0.83, a quick ratio of 0.56 and a debt-to-equity ratio of 1.04. The firm’s 50-day moving average price is $40.73 and its 200-day moving average price is $39.52. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.28 and a beta of 0.23.

Avista (NYSE:AVA – Get Free Report) last released its quarterly earnings results on Saturday, January 31st. The utilities provider reported $0.88 earnings per share (EPS) for the quarter. Avista had a net margin of 9.83% and a return on equity of 7.29%. Sell-side analysts anticipate that Avista Corporation will post 2.3 EPS for the current year.

Avista Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th were paid a $0.4925 dividend. This represents a $1.97 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Wednesday, February 25th. This is a boost from Avista’s previous quarterly dividend of $0.49. Avista’s dividend payout ratio (DPR) is 82.77%.

Analyst Ratings Changes Several analysts recently issued reports on the company. Jefferies Financial Group cut their target price on Avista from $41.00 to $39.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Zacks Research lowered Avista from a “hold” rating to a “strong sell” rating in a research report on Tuesday. KeyCorp reiterated a “sector weight” rating on shares of Avista in a report on Tuesday, January 27th. Weiss Ratings raised Avista from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Wall Street Zen downgraded Avista from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.50.

View Our Latest Analysis on AVA

Insider Buying and Selling at Avista In related news, SVP Bryan Alden Cox sold 1,768 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $40.18, for a total value of $71,038.24. Following the sale, the senior vice president directly owned 8,401 shares of the company’s stock, valued at $337,552.18. This represents a 17.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Avista Profile (Free Report)

Avista Corporation operates as an integrated energy company providing electric and natural gas delivery services to residential, commercial and industrial customers in the Pacific Northwest. Through its regulated utility operations, the company maintains and upgrades an extensive transmission and distribution network, delivering reliable energy to approximately 400,000 electric customers and 324,000 natural gas customers across Washington, Oregon and Idaho. In addition to its core utility business, Avista invests in owned generation assets, including hydroelectric, natural gas–fired, coal and wind facilities, to support system reliability and long-term supply planning.

Founded in 1889 as the Spokane and Inland Empire Water Power Company, the business adopted the Avista name in 1999 to reflect its growing energy portfolio and strategic focus on innovation.

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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):

  Net
Income (a)  Earnings
per Share 2025 utility earnings $82  $1.01 Changes in net income and diluted earnings per share:      Avista Utilities      Electric utility margin (b)  (2)  (0.02)Natural gas utility margin (c)  4   0.04 Other operating expenses (d)  —   — Depreciation and amortization (e)  3   0.04 Interest expense  (1)  (0.01)Other (f)  3   0.04 Income tax at effective rate (g)  2   0.02 Dilution on earnings n/a   (0.03)Total Avista Utilities  9   0.08 AEL&P  —   0.01 2026 utility earnings $91  $1.10 
(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)    Depreciation and amortization decreased primarily due to our exit from Colstrip in 2026. This decrease was partially offset by increases from additions to plant.

(f)    Other increases to earnings include increased interest income compared to the prior year and decreased taxes other than income taxes.

(g)    Our effective tax rate in the first quarter of 2026 was 12% compared to 14% in the same period of 2025.

Analysis of Non-Regulated Other Business Income

Income at our non-regulated other businesses was $1 million in the first quarter of 2026, compared to losses of $3 million in the first quarter of 2025. The fluctuation in results is primarily related to net investment gains in the first quarter of 2026, compared to net investment losses in the first quarter of 2025.

Liquidity and Capital Resources

Liquidity

As of Mar. 31, 2026, we had $110 million of available liquidity under the Avista Corp. committed line of credit and $46 million of available liquidity under our letter of credit facility.

We expect to issue up to $90 million of common stock in 2026, including $14 million issued in the first quarter of 2026.

We also expect to issue $230 million of long-term debt during 2026.

Capital Expenditures

In the first quarter of 2026, Avista Utilities' capital expenditures were $147 million.

For Avista Utilities, we expect base capital expenditures as follows through 2030 (dollars in millions):

  2026  2027  2028  2029  2030 Expected base annual capital expenditures $615  $635  $800  $680  $710 
These estimates include expenditures for the projects selected through our 2025 request for proposal. These estimates do not include incremental transmission projects, like regional grid expansion, or additional generation. Potential additional capital expenditures associated with integrating a new large load customer are excluded from base capital above.

2026 Utility Earnings Guidance and Outlook

Avista Corp. is confirming its 2026 non-GAAP utility earnings guidance with a range of $2.52 to $2.72 per diluted share.

This non-GAAP utility earnings guidance is based on the following assumptions:

Normal weatherA negative impact from the ERM of ($0.10) cents per diluted share within the 90% customer, 10% company sharing bandAn effective tax rate of 12 percentCapital expenditures of $615 million Over the long term, we expect non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of our 2025 earnings guidance.

Our guidance does not include the effect of unusual or non-recurring items until the effects are probable. Various factors could cause actual results to differ materially from our expectations. Please refer to our 10-K for 2025, our 10-Q for the first quarter of 2026, and the cautionary statements below for a full discussion of these factors.

Non-GAAP Financial Measures

This press release includes non-GAAP financial measures, including utility earnings, utility earnings per diluted share and utility margin. We present these non-GAAP measures in order to facilitate meaningful evaluation of our operating performance across periods, and we utilize these non-GAAP measures to assess current and forecast performance, as well as for communications with shareholders, analysts and investors. Non-GAAP measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP.

Non-GAAP utility earnings and utility earnings per diluted share exclude non-regulated other business activity, primarily consisting of realized and unrealized investment gains and losses. The presentation of utility earnings is intended to enhance the understanding of the Company's utility-specific operating performance.

The following table reconciles GAAP net income to non-GAAP utility earnings, and GAAP earnings per diluted share to non-GAAP utility earnings per diluted share for the three months ended Mar. 31 (dollars in millions, except per share amounts):

  2026  2025 GAAP net income as reported $92  $79 Non-GAAP adjustments:      Non-regulated other business (income) loss  (1)  3 Non-GAAP utility earnings $91  $82        GAAP earnings per diluted share as reported $1.11  $0.98 Non-GAAP adjustments:      Non-regulated other business (income) loss per diluted share  (0.01)  0.03 Non-GAAP utility earnings per diluted share $1.10  $1.01 
The table below includes electric and natural gas utility margin. The most directly comparable measure calculated and presented in accordance with GAAP is utility operating revenues.

The presentation of electric and natural gas utility margin is intended to enhance the understanding of operating performance, as it provides useful information to investors in their analysis of how changes in loads (due to weather, economic or other conditions), rates, supply costs and other factors impact our results of operations.

The following table reconciles Avista Utilities' operating revenues to utility margin (after-tax) for the three months ended Mar. 31 (dollars in millions):

  Electric  Natural Gas  Intracompany  Total    2026  2025  2026  2025  2026  2025  2026  2025  Operating revenues $346  $363  $210  $244  $(1) $(4) $555  $603  Resource costs  112   126   95   134   (1)  (4)  206   256  Income taxes (a)  49   50   24   23   —   —   73   73  Utility margin, net of tax $185  $187  $91  $87  $—  $—  $276  $274   (a)    Income taxes for 2026 and 2025 were calculated using Avista Corp.'s federal statutory tax rate of 21%.

NOTE: We will host a conference call with financial analysts and investors on May 5, 2026 at 10:30 a.m. ET to discuss this news release. This call can be accessed on Avista’s website at investor.avistacorp.com. You must register for the call via the link at Avista’s website (investor.avistacorp.com) to access the call-in details for the webcast. A replay of the webcast will be available for one year on the Avista Corp. web site 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 our operating division that provides electric service to approximately 429,000 customers and natural gas to 386,000 customers. Our 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. AERC is an Avista subsidiary that, through its subsidiary AEL&P, provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska. Our 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.

This news release contains forward-looking statements, including statements regarding our current expectations for future financial performance and cash flows, capital expenditures, financing plans, our current plans or objectives for future operations and other factors, which may affect the company in the future. Such statements are subject to a variety of risks, uncertainties and other factors, most of which are beyond our control and many of which could have significant impact on our operations, results of operations, financial condition or cash flows and could cause actual results to differ materially from those anticipated in such statements.

The following are among the important factors that could cause actual results to differ materially from the forward-looking statements:

Utility Regulatory Risk

state and federal regulatory decisions or related judicial decisions that affect our ability to recover costs and earn a reasonable return, including, but not limited to, disallowance or delay in the recovery of capital investments, operating costs, commodity costs, the ordering of refunds to customers and discretion over allowed return on investment; the loss of regulatory accounting treatment, which could require the write-off of regulatory assets and the loss of regulatory deferral and recovery mechanisms;

Operational Risk

weather conditions, which affect both energy demand and electric generating capability, including the impact of precipitation and temperature on hydroelectric resources, the impact of wind patterns on wind-generated power, weather-sensitive customer demand, and similar impacts on supply and demand in the wholesale energy markets; wildfires ignited, or allegedly ignited, by our equipment or facilities could cause significant loss of life and property or result in liability for resulting fire suppression costs and/or damages, thereby causing serious operational, reputational and financial harm; severe weather or natural disasters, including, but not limited to, avalanches, wind storms, wildfires, earthquakes, floods, extreme temperature events, snow and ice storms that could disrupt energy generation, transmission and distribution, as well as the availability and costs of fuel, materials, equipment, supplies and support services; political unrest and/or conflicts between foreign nation-states, which could disrupt the global, national and local economy, result in increases in operating and capital costs, impact energy commodity prices or our ability to access energy resources, create disruption in supply chains, disrupt, weaken or create volatility in capital markets, and increase cyber and physical security risks. In addition, any of these factors could negatively impact our liquidity and limit our access to capital, among other implications; explosions, fires, accidents, mechanical breakdowns or other incidents that could impair assets and may disrupt operations of our generation facilities, transmission, and electric and natural gas distribution systems or other operations and may require us to purchase replacement power or incur costs to repair our facilities; interruptions in the delivery of natural gas by our suppliers, including physical problems with pipelines themselves, can disrupt our service of natural gas to our customers and/or impair our ability to operate gas-fired electric generating facilities; explosions, fires, accidents or other incidents arising from or allegedly arising from our operations that could cause injuries to the public or property damage; dam failure at a company-owned hydroelectric facility; blackouts or disruptions of interconnected transmission systems (the regional power grid); terrorist attacks, cyberattacks or other malicious acts that could disrupt or cause damage to our utility assets or to the national or regional economy in general, including effects of terrorism, cyberattacks, ransomware, or vandalism that damage or disrupt information technology systems; pandemics, which could disrupt our business, as well as the global, national and local economy, resulting in a decline in customer demand, deterioration in the creditworthiness of our customers, increases in operating and capital costs, workforce shortages, losses or disruptions in our workforce due to vaccine mandates, delays in capital projects, disruption in supply chains, and disruption, weakness and volatility in capital markets. In addition, any of these factors could negatively impact our liquidity and limit our access to capital, among other implications; work-force issues, including changes in collective bargaining unit agreements, strikes, work stoppages, the loss of key executives, availability of workers in a variety of skill areas, and our ability to recruit and retain employees; changes in the availability and price of purchased power, fuel and natural gas, as well as transmission capacity; increasing costs of insurance, more restrictive coverage terms and our ability to obtain insurance; delays or changes in construction costs, and/or our ability to obtain required permits and materials for present or prospective facilities; increasing health care costs and cost of health insurance provided to our employees and retirees; increasing operating costs, including effects of inflationary pressures; third party construction of buildings, billboard signs, towers or other structures within our rights of way, or placement of fuel containers within close proximity to our transformers or other equipment, including overbuilding atop natural gas distribution lines; the loss of key suppliers for materials or services or other disruptions to the supply chain; adverse impacts to our Alaska electric utility (AEL&P) that could result from an extended outage of its hydroelectric generating resources or their inability to deliver energy, due to their lack of interconnectivity to other electrical grids and the availability or cost of replacement power (diesel); changing river or reservoir regulation or operations at hydroelectric facilities not owned by us, which could impact our hydroelectric facilities downstream;

Climate Change Risk

increasing frequency and intensity of severe weather or natural disasters resulting from climate change that could disrupt energy generation, transmission and distribution, as well as the availability and costs of fuel, materials, equipment, supplies and support services; change in the use, availability or abundancy of water resources and/or rights needed for operation of our hydroelectric facilities, including impacts resulting from climate change; changes in the long-term climate and weather could materially affect, among other things, customer demand, the volume and timing of streamflows required for hydroelectric generation, costs of generation, transmission and distribution. Increased or new risks may arise from severe weather or natural disasters, including wildfires as well as their increased occurrence and intensity related to changes in climate;

Cybersecurity Risk

cyberattacks on the operating systems used in the operation of our electric generation, transmission and distribution facilities and our natural gas distribution facilities, and cyberattacks on such systems of other energy companies with which we are interconnected, which could damage or destroy facilities or systems or disrupt operations for extended periods of time and result in the incurrence of liabilities and costs; cyberattacks on the administrative systems used in the administration of our business, including customer billing and customer service, accounting, communications, compliance and other administrative functions, and cyberattacks on such systems of our vendors and other companies with which we do business, resulting in the disruption of business operations, the release of private information and the incurrence of liabilities and costs;

Technology Risk

changes in technologies, possibly making some of the current technology we utilize obsolete or introducing new cybersecurity risks and other new risks inherent in the use, by either us or our counterparties, of new technologies in the developmental stage including, without limitation, generative artificial intelligence; changes in the use, perception, or regulation of generative artificial intelligence technologies, which could limit our ability to utilize such technology, create risk of enhanced regulatory scrutiny, generate uncertainty around intellectual property ownership, licensing or use, or which could otherwise result in risk of damage to our business, reputation or financial results; changes in costs that impede our ability to implement new information technology systems or to operate and maintain current production technology; insufficient technology skills, which could lead to the inability to develop, modify or maintain our information systems;

Strategic Risk

growth or decline of our customer base due to new uses for our services or decline in existing services, including, but not limited to, the effect of the trend toward distributed generation at customer sites; the potential effects of negative publicity regarding our business practices, whether true or not, which could hurt our reputation and result in litigation or a decline in our common stock price; changes in our strategic business plans, which could be affected by any or all of the foregoing, including the entry into new businesses and/or the exit from existing businesses and the extent of our business development efforts where potential future business is uncertain; wholesale and retail competition including alternative energy sources, growth in customer-owned power resource technologies that displace utility-supplied energy or may be sold back to the utility, and alternative energy suppliers and delivery arrangements; non-regulated activities may increase earnings volatility and result in investment losses; the risk of municipalization or other forms of service territory reduction;

External Mandates Risk

changes in environmental laws, regulations, decisions and policies, including, but not limited to, regulatory responses to concerns regarding climate change, efforts to restore anadromous fish in areas currently blocked by dams, more stringent requirements related to air quality, water quality and waste management, present and potential environmental remediation costs and our compliance with these matters; the potential effects of initiatives, legislation or administrative rulemaking at the federal, state or local levels, including possible effects on our generating resources, prohibitions or restrictions on new or existing services, or restrictions on greenhouse gas emissions to mitigate concerns over climate changes, including future limitations on the usage and distribution of natural gas; restrictions or changes in government grant programs and/or availability of other public funding used for capital projects; political pressures or regulatory practices that could constrain or place additional cost burdens on our distribution systems through accelerated adoption of distributed generation or electric-powered transportation or on our energy supply sources, such as campaigns to halt fossil fuel-fired power generation and opposition to other thermal generation, wind turbines or hydroelectric facilities; failure to identify changes in legislation, taxation and regulatory issues that could be detrimental or beneficial to our overall business; policy and/or legislative changes in various regulated areas, including, but not limited to, environmental regulation, healthcare regulations and import/export regulations; increasing costs due to potential tariffs applied to energy commodities and/or equipment and materials;

Financial Risk

our ability to obtain financing through the issuance of debt and/or equity securities and access to our funds held with financial institutions, which could be affected by various factors including our credit ratings, interest rates, other capital market conditions and global economic conditions; changes in interest rates that affect borrowing costs, variable interest rate borrowing and the extent to which we recover interest costs through retail rates collected from customers; volatility in energy commodity markets that affects our ability to effectively hedge energy commodity risks, including cash flow impacts and requirements for collateral; volatility in the carbon emissions allowances market that could result in increased compliance costs; changes in actuarial assumptions, interest rates and the actual return on plan assets for our pension and other postretirement benefit plans, which could affect future funding obligations, pension and other postretirement benefit expense and the related liabilities; the outcome of legal proceedings and other contingencies; economic conditions in our service areas, including the economy's effects on customer demand for utility services; economic conditions nationally may affect the valuation of our unregulated portfolio companies; declining electricity demand related to customer energy efficiency, conservation measures and/or increased distributed generation and declining natural gas demand related to customer energy efficiency, conservation measures and/or increased electrification; industry and geographic concentrations which could increase our exposure to credit risks due to counterparties, suppliers and customers being similarly affected by changing conditions; deterioration in the creditworthiness of our customers; activist shareholders may result in additional costs and resources required in response to activist actions;

Energy Commodity Risk

volatility and illiquidity in wholesale energy markets, including exchanges, the availability of willing buyers and sellers, changes in wholesale energy prices that could affect operating income, cash requirements to purchase electricity and natural gas, value received for wholesale sales, collateral required of us by individual counterparties and/or exchanges in wholesale energy transactions and credit risk from such transactions, and the market value of derivative assets and liabilities; default or nonperformance on the part of parties from whom we purchase and/or sell capacity or energy; potential environmental regulations or lawsuits affecting our ability to utilize or resulting in the obsolescence of our power supply resources; explosions, fires, accidents, pipeline ruptures or other incidents that could limit energy supply to our facilities or our surrounding territory, which could result in a shortage of commodities in the market that could increase the cost of replacement commodities from other sources;

Compliance Risk

changes in laws, regulations, decisions and policies at the federal, state or local levels, which could impact both our electric and gas operations and costs of operations; the ability to comply with the terms of the licenses and permits for our hydroelectric or thermal generating facilities at cost-effective levels;

Resource Adequacy Risk

the ability to source and deliver adequate energy to meet customer demand in periods of high demand or unplanned events; and the potential effects of regional wholesale market strains, including during extreme weather events.

For a further discussion of these factors and other important factors, please refer to our Quarterly Report on Form 10-Q for the quarter ended Mar. 31, 2026. The forward-looking statements contained in this news release speak only as of the date hereof. We undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances that occur after the date on which such statement is made or to reflect the occurrence of unanticipated events. New risks, uncertainties and other factors emerge from time to time, and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on our business or the extent to which any such factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

To unsubscribe from Avista’s news release distribution, send reply message to [email protected].

Issued by: Avista Corporation

1 See reconciliations to GAAP measures and further information in the "Non-GAAP Financial Measures" section within this press release.

2 Avista Corp. is unable to provide GAAP earnings guidance or present a quantitative reconciliation of forward-looking non-GAAP utility earnings and utility growth guidance without unreasonable effort because certain reconciling items are not estimable. For instance, realized and unrealized investment gains and losses, which have historically made up the majority of our non-regulated other business earnings and can be significant to our overall results, are difficult to predict due to various factors outside of management's control. These items are uncertain, depend on various factors, and may have a material impact on our future GAAP results.

Contact:
Investors: Stacey Walters (509) 495-2046 [email protected]
Media: Lena Funston (509) 495-8090 [email protected]
Avista 24/7 Media Access (509) 495-4174

Avista Corporation (AVA) Q1 2026 Earnings Call Transcript

The system is designed to support the Dr. Martin Luther King Jr. Family Outreach Center’s year-round mission of providing food bank services, childcare services, and support for families May 12, 2026 11:30 ET  | Source: Avista Corporation

SPOKANE, Wash., May 12, 2026 (GLOBE NEWSWIRE) -- Avista Utilities today announced the start of operations for the region’s first community-based microgrid. This marks the launch of an innovative energy system designed to help the Dr. Martin Luther King Jr. Family Outreach Center (MLK Center) stay open and continue serving the community during extended, unplanned power outages.

The Dr. Martin Luther King Jr. Family Outreach Center is a non-profit, community- based social service center located in East Central Spokane, one of the most ethnically diverse neighborhoods in Spokane County.

Located at the community center, the microgrid brings together solar power, battery storage and natural gas to provide added reliability when the power goes out, such as during extreme weather or other emergencies.

The system’s solar and battery storage will also help the MLK Center reduce its standard energy bill, allowing for more resources to be redirected into critical community programs.

“We’re here for families every day, and during emergencies, people rely on us even more. This energy system helps us continue that work and keep our doors open for the East Central neighborhood, which means so much to me,” said Freda Gandy, MLK Center executive Director.

On a typical day, the MLK Center will continue using power from the grid, supplementing energy from onsite solar and battery storage. During extended outages, batteries can help keep power flowing, with natural gas backup available if an outage lasts longer than a few hours. This helps ensure the Center remains open and operational.

The project was made possible through grant funding from Avista’s Named Communities Investment Fund (NCIF) and grant support from the Washington State Department of Commerce.

Avista’s NCIF program is the only one of its kind at a Washington utility. It was created in response to the Clean Energy Transformation Act (CETA) to help support energy projects that benefit communities facing greater challenges, including those related to extreme weather and economic or societal inequities.

“We believe the best energy solutions come from working hand in hand with the community. When we listen first and build together, we can create systems that support people today and into the future,” said Heather Rosentrater, Avista CEO and president.

About Avista Utilities
Avista Utilities is involved in the production, transmission and distribution of energy. We provide energy services and electricity to 429,000 customers and natural gas to 386,000 customers in a service territory that covers 34,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.5 million. Avista Utilities is an operating division of Avista Corp. (NYSE: AVA). For more information, please visit myavista.com.

The Avista logo is a trademark of Avista Corporation.

About the Martin Luther King Jr. Family Outreach Center
The Martin Luther King Jr. Family Outreach Center (MLK Center) is a leading nonprofit advancing equity and opportunity for low-income children, youth, and families in Spokane. Since its founding in 1970 as a small youth drop-in program, the MLK Center has become a cornerstone institution providing comprehensive, culturally responsive social and educational services. The Center addresses immediate needs and builds long-term pathways to stability, self-sufficiency, and community empowerment through an integrated approach.

Inspired by Dr. Martin Luther King Jr.’s vision, the MLK Center is committed to equitable access, expanded opportunity, and fostering environments where everyone is treated with dignity and respect. As a trusted community hub, the organization continues to strengthen families and promote a more inclusive future for Spokane.

To unsubscribe from Avista’s news release distribution, send a reply message to [email protected].

Contact:
Avista 24/7 Media Access: (509) 495-4174
Media: Ariana Lake (509) 279-3308 [email protected]