Avista Corporation reported a Q2 profit of $14 million, or $0.17 per share, down from $23 million, or $0.29 per share, last year. The earnings missed the Street estimates of $0.31 per share. The company provided full-year EPS guidance of $2.52 to $2.72.
Avista Corporation (AVA) reported its second-quarter (Q2) earnings for the year 2025, with a net income of $14 million, or $0.17 per diluted share, down from $23 million, or $0.29 per share, in the same period last year. The earnings missed the Street estimates of $0.31 per share. The company provided a full-year earnings per share (EPS) guidance of $2.52 to $2.72 per share for the year ending December 31, 2025.
Avista's core utility operations showed strength, contributing $23 million to Q2 earnings. However, the non-reportable segment recorded a $10 million loss, primarily due to clean technology investment devaluations. The company's overall earnings were impacted by a 41% decline in EPS from Q2 2024, largely attributed to a $10 million loss in the non-reportable segment compared to a $2 million loss last year. This loss was mainly due to lower valuations in clean technology investments affected by shifting public policy.
Avista expects to reach the lower end of its full-year EPS guidance due to investment losses but maintains its confidence in the core utility operations. The company plans to spend $525 million in capital expenditures for 2025 and expects to issue up to $80 million of common stock.
Avista Utilities is projected to perform at the upper end of its $2.43-$2.61 guidance range. The company's focus on maintaining strong core utility operations and managing clean technology investments will be critical for achieving its full-year EPS targets.
References:
[1] https://www.marketscreener.com/news/avista-q2-earnings-snapshot-ce7c5ed9dc89fe2c
[2] https://finance.yahoo.com/news/avista-q2-earnings-snapshot-101500227.html
[3] https://stockanalysis.com/stocks/ava/
[4] https://www.stocktitan.net/news/AVA/avista-corp-reports-financial-results-for-the-second-quarter-of-2025-5zuv64mg2gnf.html
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