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Avista Corp (AVA)
NYSE:AVA
US Market

Avista (AVA) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
May 06, 2026
Before Open (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
1.05
Last Year’s EPS
0.98
Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 25, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presents a balanced but slightly positive outlook: Avista reported modest year-over-year EPS growth, secured strategic RFP projects, expanded customer assistance programs, and advanced a multi-year rate case while landing within utility guidance despite headwinds. Material near-term challenges include a regulatory Colstrip order, the earlier-than-expected departure of a large industrial customer (combined one-time EPS impacts), nonregulated valuation volatility, and increased 2026 financing needs. Strategic wins (RFP selections, large data center deposit, multi-year rate filing, dividend increase, and a clear capital plan) provide growth visibility that slightly outweighs the identified near-term risks.
Company Guidance
Avista provided 2026 non‑GAAP utility earnings guidance of $2.52–$2.72 per diluted share (utility earnings exclude nonregulated businesses), which assumes a one‑time $0.12 headwind from a departing large customer and an expected ~$0.10 negative midpoint impact from the energy recovery mechanism (90% customer / 10% company sharing); management expects 2026 utility ROE in the low‑to‑mid‑8% range with a longer‑term target ROE of ~9% (excluding ER) and an estimated structural lag of ~60 basis points, and reiterated a 4%–6% long‑term EPS CAGR from the midpoint of 2025 consolidated earnings guidance. Capital guidance: Avista Utilities capex was $553M in 2025, is expected to be $585M in 2026, and $3.4B from 2026–2030 (base capital CAGR ~5%), including a $164M add for selected RFP projects; a potential incremental up to $350M to integrate a new large customer (initial 125 MW ramping to 500 MW by 2030) would be incremental to the $3.4B and could raise the compound capital growth rate to ~12%. Funding plans call for roughly $230M long‑term debt and up to $90M common stock in 2026 (vs $120M debt and $78M equity issued in 2025), with potential monetization of ~$148M of nonregulated equity interests to offset equity needs, and the board raised the dividend to $1.97 per share while targeting a 60%–70% payout ratio.
Annual EPS Growth
2025 consolidated earnings were $2.38 per diluted share vs $2.29 in 2024, a +3.9% increase. 2025 non-GAAP utility earnings were $2.55 per diluted share vs $2.38 in 2024, a +7.1% increase.
Quarterly EPS Stability
Q4 2025 consolidated earnings were $0.87 per diluted share vs $0.84 in Q4 2024 (+3.6%), and Q4 2025 non-GAAP utility earnings were $0.88 per diluted share (nearly flat year-over-year).
RFP Project Wins Increasing Flexibility and Capacity
Selected projects include a 14 MW natural gas turbine upgrade (no increase in carbon emissions), a 100 MW battery energy storage system under a build-transfer agreement, a 200 MW wind PPA from Montana, and ~40 MW of demand response — adding diversified, resilient capacity to the portfolio.
Large Potential Customer Development
Received a significant deposit from a data center developer planning initial 125 MW load (ramping to 500 MW) expected online by 2030; the company still has ~1,700 MW in its queue of potential large load customers.
Capital Investment Plan and Growth Outlook
Avista Utilities capex was $553M in 2025 and is expected to be $585M in 2026 (+5.8%). The 2026–2030 base plan totals $3.4B with an expected base capital CAGR of 5% to support grid modernization and reliability.
Dividend Increase and Shareholder Return Focus
Board raised the dividend to $1.97 per share; the company has increased dividends 24 consecutive years with compound annual growth of >5% over that period and is targeting a 60%–70% payout range.
Expanded Customer Assistance Programs
Energy assistance programs have been enhanced and expanded reach up to four times as many customers in need over the last two years, demonstrating progress on affordability and community support.
2026 Utility Earnings Guidance and Long-Term Growth Target
Initiated 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share. Long-term EPS growth target is 4%–6% CAGR from the midpoint of 2025 consolidated earnings guidance.

Avista (AVA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

AVA Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
May 06, 2026
2026 (Q1)
1.05 / -
0.98
Feb 25, 2026
2025 (Q4)
1.02 / 0.87
0.843.57% (+0.03)
Nov 05, 2025
2025 (Q3)
0.28 / 0.36
0.2356.52% (+0.13)
Aug 06, 2025
2025 (Q2)
0.31 / 0.17
0.29-41.38% (-0.12)
May 07, 2025
2025 (Q1)
1.03 / 0.98
0.917.69% (+0.07)
Feb 26, 2025
2024 (Q4)
0.86 / 0.84
1.08-22.22% (-0.24)
Nov 06, 2024
2024 (Q3)
0.13 / 0.23
0.1921.05% (+0.04)
Aug 07, 2024
2024 (Q2)
0.30 / 0.29
0.2326.09% (+0.06)
May 01, 2024
2024 (Q1)
1.00 / 0.91
0.7324.66% (+0.18)
Feb 21, 2024
2023 (Q4)
1.14 / 1.08
1.052.86% (+0.03)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

AVA Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 25, 2026
$42.16$40.61-3.67%
Nov 05, 2025
$37.79$38.81+2.72%
Aug 06, 2025
$36.86$35.34-4.13%
May 07, 2025
$39.78$39.02-1.91%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Avista Corp (AVA) report earnings?
Avista Corp (AVA) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
    What is Avista Corp (AVA) earnings time?
    Avista Corp (AVA) earnings time is at May 06, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is AVA EPS forecast?
          AVA EPS forecast for the fiscal quarter 2026 (Q1) is 1.05.