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Dec 31, 2024
Avista Q4 2024 Earnings Report
Announced 2024 results and initiated 2025 earnings guidance.
Key Takeaways
Avista Corp. reported consolidated earnings per diluted share of $2.29 for the full year of 2024. The company initiated consolidated guidance of $2.52 to $2.72 per share for 2025.
Consolidated earnings per diluted share of $2.29 for the full year of 2024.
Utility operations led continued improvement in consolidated earnings.
Record levels of capital investment were made to better serve customers.
Consolidated earnings guidance of $2.52 to $2.72 per share was initiated for 2025.
Avista
Avista
Avista Revenue by Segment
Revenue by Segment
Avista Utilities Revenue
CapyFin.com Forward Guidance
Avista Corp. is initiating its 2025 earnings guidance with a consolidated range of $2.52 to $2.72 per diluted share.
Positive Outlook
- Avista Utilities to contribute within a range of $2.43 to $2.61 per diluted share in 2025.
- AEL&P to contribute in the range of $0.09 to $0.11 per diluted share in 2025.
- Other business to contribute zero earnings in 2025.
- Long term earnings growth expected in the 4-6 percent range from forecast 2025 base year.
- Guidance does not include the effect of unusual or non-recurring items until the effects are probable.
Challenges Ahead
- Midpoint of guidance for Avista Utilities includes an expected $0.12 negative impact from the ERM, within the 90 percent customer/10 percent Company sharing band.
- Various factors could cause actual results to differ materially from expectations.
- State and federal regulatory decisions could affect the ability to recover costs and earn a reasonable return.
- Weather conditions could affect both energy demand and electric generating capability.
- Wildfires ignited by equipment could cause significant loss of life and property.