Avista reports Q2 EPS 17c, consensus 31c

Reports Q2 revenue $400M vs. $391M last year “Our year-to-date results underscore the strength of our core utility operations,” said Avista (AVA) President and CEO Heather Rosentrater. “We are disappointed by the lower valuations in our investment portfolio during the second quarter, primarily related to our clean technology investments. The value of these investments was negatively impacted by shifting public policy and sentiment. The recent multiyear rate plan in Washington, an approved settlement in Oregon and an all-party settlement in Idaho all serve to increase our confidence in earnings at Avista Utilities. We expect Avista Utilities’ results to be toward the upper end of our guidance, evidence of our continued strategic progress. On a consolidated basis, we expect to be at the low end of our range for 2025 as a result of the unrealized losses on our investments,” Rosentrater added. “We remain focused on strong execution of our business plans. I’m confident about the opportunities still ahead as we build toward our customers’ future needs.”