Avista Corp. Reports Strong Q1 2025 Earnings

Avista ( (AVA) ) has released its Q1 earnings. Here is a breakdown of the information Avista presented to its investors.

Avista Corp. is an energy company involved in the production, transmission, and distribution of energy, primarily operating in the utilities sector across eastern Washington, northern Idaho, and parts of Oregon. The company recently reported its financial results for the first quarter of 2025, showing a solid performance with a net income increase to $79 million from $71 million in the same period last year. Earnings per diluted share also rose to $0.98 from $0.91.

Key highlights from the report include a significant increase in the electric and natural gas utility margins, attributed to successful general rate cases and customer growth. Avista Utilities, the company’s primary segment, reported a net income of $78 million, up from $67 million, while AEL&P maintained steady earnings. The company also made progress in wildfire risk mitigation and regulatory settlements in Oregon and Idaho.

Avista’s liquidity remains strong, with $221 million available under its line of credit. The company plans to issue $120 million in long-term debt and up to $80 million in common stock throughout the year. Capital expenditures for Avista Utilities are expected to reach $525 million in 2025, with a five-year projection of nearly $3 billion.

Looking ahead, Avista Corp. confirms its 2025 earnings guidance, projecting consolidated earnings per diluted share between $2.52 and $2.72. The company anticipates continued growth in earnings, driven by strategic investments and operational efficiencies, while remaining vigilant of potential risks such as regulatory changes and supply chain disruptions.