Avista reports Q2 net income of $14 mln, up 39% YoY.

• Avista Corp Q2 2025 net income $14m, down from $23m in 2024. • Avista Utilities Q2 2025 net income $23m, down from $24m in 2024. • Avista Utilities year-to-date 2025 net income $101m, up from $91m in 2024. • Avista Corp year-to-date 2025 net income $93m, down from $94m in 2024. • Digital data not mentioned in the article.

Avista Corp (AVA) released its Q2 2025 earnings on August 6, 2025, with a net income of $14 million, down from $23 million in the same period last year. The company's utilities segment, Avista Utilities, reported a net income of $23 million for Q2 2025, a decrease from $24 million in 2024. However, Avista Utilities' year-to-date 2025 net income stood at $101 million, up from $91 million in 2024. On a consolidated basis, Avista Corp's year-to-date 2025 net income was $93 million, down from $94 million in 2024 [2].

The earnings report highlighted several key factors affecting the company's performance. Avista Utilities' electric utility margin increased due to general rate cases, customer growth, and non-decoupled load growth. However, natural gas utility margins increased primarily due to general rate cases and customer growth. Other operating expenses and depreciation and amortization also played a role in the company's earnings, with increases in employee salaries, benefit costs, and thermal generation costs [2].

Avista Corp's President and CEO, Heather Rosentrater, acknowledged the lower valuations in the company's investment portfolio during the second quarter, primarily due to shifting public policy and sentiment. The company expects Avista Utilities' results to be toward the upper end of its guidance, with earnings per diluted share of $2.43 to $2.61 in 2025. The company also expects AEL&P to contribute in the range of $0.09 to $0.11 per diluted share in 2025 [2].

Looking ahead, Avista Corp expects long-term earnings growth in the 4-6 percent range from its forecast 2025 base year. The company also expects to issue up to $80 million of common stock in 2025, including $35 million already issued in the first half of the year. Additionally, Avista Utilities' capital expenditures are expected to be about $525 million in 2025, with total capital expenditures at Avista Utilities of $3 billion over the five-year period ending in 2029 [2].

References:
[1] https://www.gurufocus.com/news/3035208/avista-corp-ava-q2-2025-earnings-report-preview-what-to-expect
[2] https://www.marketscreener.com/news/avista-corp-reports-financial-results-for-the-second-quarter-of-2025-confirms-2025-earnings-guidan-ce7c5ed9df89f223