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Avista Corporation

Avista Corporation

NYSE•AVA
CEO: Ms. Heather Lynn Rosentrater
Sector: Utilities
Industry: Diversified Utilities
Listing Date: 1981-05-22
Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana. This segment also engages in the supply of electricity to customers in Montana; and wholesale purchase and sale of electricity and natural gas. The AEL&P segment offers electric services in Juneau, Alaska. The company generates electricity through hydroelectric, thermal, wind, and solar generation facilities. As of December 31, 2023, it supplied retail electric services to approximately 416,000 customers; and retail natural gas services to approximately 381,000 customers. The company also operates five hydroelectric generation facilities with capacity of 102.7 MW; and four diesel generating facilities with a capacity of 107.5 MW. It also engages in venture fund investments, real estate investments, and other investments. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.
Contact Information
1411 East Mission Avenue, Spokane, WA, 99202-2600, United States
509-489-0500
www.investor.avistacorp.com
Market Cap
$3.27B
P/E (TTM)
17.3
26
Dividend Yield
4.9%
52W High
$43.09
52W Low
$35.48
52W Range
62%
Rank41Top 44.9%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$403.00M+2.35%
4-Quarter Trend

EPS

$0.36+56.52%
4-Quarter Trend

FCF

$37.00M-236.99%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Net Income Rises Net income reached $122M for nine months ended September 2025, up $9M from $113M in 2024, driven by utility rate case benefits.
Utility Segment Income Growth Avista Utilities segment income grew to $131M for nine months 2025, reflecting $20M improvement primarily from approved general rate cases.
Basic EPS Increased Basic earnings per share for nine months ended September 2025 was $1.51, showing growth from $1.44 reported in the prior year period.
Total Assets Reach $8.16B Total assets grew to $8.16B as of September 30, 2025, up $221M from year-end 2024, supported by utility plant additions.

Risk Factors

Equity Investment Valuation Volatility Fair values of equity investments fluctuate, directly affecting net income; 75% of 2025 losses related to clean technology sector valuation declines.
Regulatory Lag Cost Recovery Regulatory lag risk exists due to delays in recovering increased costs, including potential impacts from new tariffs or unexpected inflation.
ERP Implementation Transitional Risks New ERP system implementation spanning multiple years carries transitional risks like data loss and increased costs impacting operations.
Wildfire Litigation Settlement Finalized Boyds Fire lawsuits settled for $27M total; company paid $21M, offset by insurance proceeds, resulting in no net income impact.

Outlook

Future Rate Case Filings Planned Expect to file next multi-year electric and natural gas general rate cases with WUTC in the first quarter of 2026 for rate adjustments.
ERP System Implementation Target ERP system implementation is expected to be completed in 2028, requiring capital expenditures between $100M and $130M over the project life.
Increased Utility Capital Spending Base Avista Utilities capital expenditures projected to increase annually, reaching $705M by 2030 for system reliability and infrastructure replacement.
Resource Adequacy RFP Progress Selected resource projects from the 2025 RFP will move to contract negotiations by year-end 2025, subject to future regulatory approval.

Peer Comparison

Revenue (TTM)

Hawaiian Electric Industries, Inc.HE
$2.77B
-13.2%
Avista CorporationAVA
$1.96B
+2.1%
NorthWestern Energy Group, Inc.NWE
$1.57B
+4.9%

Gross Margin (Latest Quarter)

ReNew Energy Global PlcRNW
84.5%
-13.9pp
NorthWestern Energy Group, Inc.NWE
83.4%
+25.1pp
Avista CorporationAVA
71.5%
+7.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NWE$4.22B19.47.5%38.0%
ALE$3.94B23.85.8%31.3%
EE$3.85B13.513.5%35.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-8.9%
Growth Under Pressure
4Q Net Income CAGR
-24.4%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 25, 2026
|
EPS:$1.01
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $403.00M+2.4%
    |
    EPS: $0.36+56.5%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $411.00M+2.2%
    |
    EPS: $0.17-41.4%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $617.00M+1.2%
    |
    EPS: $0.98+7.7%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $1.94B+10.6%
    |
    EPS: $2.28+1.8%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $393.74M+3.7%
    |
    EPS: $0.23+21.1%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $402.07M+5.8%
    |
    EPS: $0.29+26.1%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $609.42M+28.4%
    |
    EPS: $0.91+24.7%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 21, 2024|
    Revenue: $1.75B+2.4%
    |
    EPS: $2.24+5.2%
    Meet