Consolidated EPS Improvement
Consolidated first quarter 2026 earnings of $1.11 per diluted share vs $0.98 in Q1 2025, an increase of $0.13 (≈13.3%).
Non-GAAP Utility Earnings Stability
First quarter 2026 non-GAAP utility earnings were $1.10 per diluted share, unchanged from $1.10 in Q1 2025 (0% change), and full-year 2026 non-GAAP utility earnings guidance affirmed at $2.52 to $2.72 per diluted share.
Operational Resilience and Storm Response
Grid hardening and vegetation management efforts aided storm response in March where nearly 60,000 customers experienced outages; company reported full restoration and faster restoration enabled by predictive tools and material pre-staging.
Progress on Large Load Opportunity
Negotiations with a prospective data center developer continue for a potential incremental load of up to 500 MW; company targeting a signed memorandum of understanding by May 31, and remains engaged with stakeholders and regulators to protect existing customers.
Planned Capital Investment to Support Growth
Avista Utilities expects capital expenditures of $615 million in 2026 and $3.4 billion from 2026–2030 to support reliability, customer growth, and resource adequacy; a battery energy storage build-transfer is targeted to come online in 2028.
Positive Hydrology and Long-Term Growth Outlook
Current hydro forecast shows above-normal generation for the year; long-term expected earnings growth is reiterated at 4%–6% from the midpoint of 2025 guidance and expected long-term return on equity at Avista Utilities is approximately 9% (excluding ERM).