Avista ( (AVA) ) has released its Q2 earnings. Here is a breakdown of the information Avista presented to its investors.
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Avista Corp. is an energy company that specializes in the production, transmission, and distribution of energy, primarily serving customers in eastern Washington, northern Idaho, and parts of Oregon. The company also operates in Alaska through its subsidiary AEL&P.
In its latest earnings report for the second quarter of 2025, Avista Corp. confirmed its earnings guidance for the year, highlighting strong performance from its utility operations despite investment losses. The company reported a total net income of $14 million for the quarter, down from $23 million in the same period last year, with earnings per diluted share at $0.17 compared to $0.29 in 2024.
Key financial metrics revealed that Avista Utilities, the company’s main operating division, showed resilience with a net income of $23 million for the quarter. However, losses from non-reportable segments, primarily due to clean technology investments, impacted overall earnings. The company also noted increased operating expenses and depreciation costs, which were offset by growth in electric and natural gas utility margins.
Looking ahead, Avista Corp. remains optimistic about its utility operations, expecting them to perform at the upper end of its earnings guidance range for 2025. Despite challenges from investment losses, the company is focused on executing its business plans and is confident in its strategic progress and future opportunities.