Business UpdateMay 13, 2026, 05:02 PM
Avista Provides 2026 Utility Earnings Guidance, Capital Plan
AI Summary
Avista Corporation released its May 2026 investor presentation, outlining its strategic priorities and financial outlook. The company provided 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share and detailed plans for $3.4 billion in capital expenditures from 2026-2030. Key initiatives include a signed MOU for 10% ownership in the North Plains Connector Transmission Line and ongoing wildfire mitigation efforts. The presentation also highlighted positive regulatory outcomes and a stable S&P rating outlook.
Key Highlights
- Provides 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share.
- Plans $3.4 billion in capital expenditures for 2026-2030, with a 7% rate base CAGR.
- Signed an MOU for 10% ownership in the 3,000 MW North Plains Connector Transmission Line.
- Reported 2025 operating revenue of $2.0 billion and net income of $193 million.
- Achieved 2025 diluted earnings per share of $2.38 and a 2026 annualized dividend of $1.97.
- Strengthened S&P rating outlook to stable and targets 4-6% long-term utility earnings growth.
- Allocated $45 million capital and $20 million O&M for 2026 wildfire mitigation.