Avista sees FY26 EPS $2.52-$2.72, consensus $2.76

This non-GAAP utility earnings guidance is based on the following assumptions: Normal weather and hydroelectric generation; A negative impact from the ERM of ($0.10) cents per diluted share within the 90% customer, 10% company sharing band; An effective tax rate of 12 percent; Capital expenditures of $585 million; Effective regulatory outcomes. Over the long term, the company expects non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of its 2025 consolidated earnings guidance.