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Mar 31
Avista Q1 2025 Earnings Report
Avista Corp. reported financial results for the first quarter of 2025, confirming its 2025 earnings guidance.
Key Takeaways
Avista Corp. reported an increase in net income and diluted earnings per share for the first quarter of 2025 compared to the same period in 2024, driven by strong performance in Avista Utilities.
Net income increased to $79 million in Q1 2025 from $71 million in Q1 2024.
Diluted earnings per share rose to $0.98 in Q1 2025 from $0.91 in Q1 2024.
Avista Utilities' net income increased by $11 million, contributing significantly to overall results.
The effective tax rate for Q1 2025 was 13.2%, up from 3.1% in the prior year.
Avista
Avista
Avista Revenue by Segment
Revenue by Segment
Avista Utilities Revenue
CapyFin.comAEL&P Revenue
CapyFin.comOther non-reportable segment Revenue
CapyFin.com Forward Guidance
Avista Corp. is confirming its 2025 consolidated earnings guidance with a range of $2.52 to $2.72 per diluted share, with Avista Utilities expected to contribute $2.43 to $2.61 per diluted share.
Positive Outlook
- Avista Utilities is expected to contribute within a range of $2.43 to $2.61 per diluted share in 2025.
- AEL&P is expected to contribute in the range of $0.09 to $0.11 per diluted share in 2025.
- Other businesses are expected to contribute zero earnings in 2025.
- Long-term earnings growth is expected in the 4-6 percent range from the forecast 2025 base year.
- Settlement of the Oregon general rate case is positive progress, with first settlement discussions for Idaho general rate cases later this month.
Challenges Ahead
- The midpoint of guidance for Avista Utilities includes an expected $0.12 negative impact from the ERM.
- Potential expenditures for additional generation, transmission projects, or new large load customers are not included in current capital expenditure estimates.
- Dynamic situations with tariffs and supply chain disruptions could increase costs in future periods.
- Guidance does not include the effect of unusual or non-recurring items until effects are probable.
- Various factors, including tariffs, could cause actual results to differ materially from expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income