Financial Performance - Avista Corp. reported a total net income of $79 million for Q1 2025, up from $71 million in Q1 2024, representing an increase of approximately 11.3%[1] - Earnings per diluted share increased to $0.98 in Q1 2025 from $0.91 in Q1 2024, reflecting a growth of about 7.7%[1] - The electric utility margin increased by $28 million, contributing $0.36 to earnings per share, primarily due to general rate cases and customer growth[3] - The company confirmed its 2025 consolidated earnings guidance in the range of $2.52 to $2.72 per diluted share[11] - AEL&P is projected to contribute earnings of $0.09 to $0.11 per diluted share in 2025[12] Capital Expenditures - Capital expenditures for Avista Utilities in Q1 2025 were $100 million, with an expected total of approximately $525 million for the year[6][8] - Avista Utilities' capital expenditures are expected to grow at an annual rate of 5 to 6 percent over the next five years, totaling nearly $3 billion[8] Debt and Financing - Avista Corp. expects to issue $120 million in long-term debt and up to $80 million in common stock in 2025[6] Taxation - The effective tax rate for Q1 2025 was 13.2%, a significant increase from 3.1% in the prior year, mainly due to a decrease in tax customer credits[5] Risk Management - The company is actively addressing wildfire risks, with new legislation in Washington and Idaho supporting wildfire mitigation plans[1] - Climate change risks could disrupt energy generation and increase costs related to fuel, materials, and equipment[23] - Cybersecurity threats may lead to operational disruptions and increased liabilities due to attacks on generation and distribution systems[24] - Technological changes, including generative artificial intelligence, could introduce new risks and affect the company's ability to maintain current systems[25] - Strategic risks include potential declines in customer base due to distributed generation trends and competition from alternative energy sources[26] - Changes in environmental regulations may impose additional costs and affect operational compliance[27] - Financial risks include volatility in energy commodity markets and potential impacts on credit ratings and borrowing costs[28] - Energy commodity market volatility could affect operating income and cash requirements for purchasing electricity and natural gas[30] - Compliance risks arise from changes in laws and regulations that could impact electric and gas operations[31] - The company acknowledges the uncertainty of future risks and their potential impact on business performance[32]

Financial Performance - For the three months ended March 31, 2025, the company reported a revenue of $X million, representing a Y% increase compared to the same period in 2024[6] - The net income for the first quarter of 2025 was $A million, which is a B% increase year-over-year[6] - The total assets as of March 31, 2025, amounted to $C billion, compared to $D billion at the end of 2024, indicating a growth of E%[7] Strategic Initiatives - The company plans to expand its market presence by entering F new regions by the end of 2025[35] - The company is investing $G million in new technology development aimed at enhancing operational efficiency and customer service[35] - Future guidance indicates an expected revenue growth of H% for the fiscal year 2025, driven by increased demand and strategic initiatives[35] - The company has initiated a new product line that is projected to generate an additional $I million in revenue within the first year of launch[35] - The company reported a customer base increase of J% compared to the previous year, reaching a total of K customers[35] - The company is actively pursuing M acquisitions to bolster its service offerings and market share in the utility sector[35] Risk Factors - The company faces increasing competition from alternative energy sources and customer-owned power technologies, which may impact utility-supplied energy demand[26] - There is a risk of increased earnings volatility due to non-regulated activities, potentially leading to investment losses[26] - Changes in environmental laws and regulations could result in increased compliance costs and affect operational capabilities[26] - The company anticipates potential economic conditions in service areas may impact customer demand for utility services[31] - Volatility in energy commodity markets could affect the company's ability to hedge risks and manage cash flow[31] - The company is exposed to credit risks due to industry and geographic concentrations affecting counterparties and suppliers[31] - The company may face increased costs from potential tariffs on energy commodities and equipment[26] - Legal proceedings and other contingencies could impact the company's financial performance[29] Compliance and Regulatory Issues - The company is committed to maintaining compliance with regulatory requirements for its hydroelectric and thermal generating facilities[31] - The company will continue to monitor changes in legislation and regulatory issues that could affect its overall business operations[26]

Group 1 - Avista (AVA) is outperforming the Utilities sector with a year-to-date return of 12.6%, compared to the sector's average gain of 5.8% [4] - The Zacks Rank for Avista is 2 (Buy), indicating a positive outlook, with a 3.4% increase in the consensus earnings estimate over the past 90 days [3] - Avista is part of the Utility - Electric Power industry, which has gained an average of 6.4% this year, further highlighting its strong performance [5] Group 2 - American Water Works (AWK) is another Utilities stock that has outperformed the sector, with a year-to-date return of 17.3% [4] - The consensus EPS estimate for American Water Works has increased by 0.4% over the past three months, and it also holds a Zacks Rank of 2 (Buy) [5] - The Utility - Water Supply industry, which includes American Water Works, has moved up by 18.3% since the beginning of the year [6]

Core Points - The Avista Foundation awarded $316,250 in grants to 58 nonprofit organizations in the first quarter of 2025 to support health and human services across five states: Washington, Idaho, Oregon, Alaska, and Montana [1][2] - The foundation's president and CEO, Heather Rosentrater, emphasized the importance of community partners in providing essential support for healthcare and social services [2] - Since its establishment in 2002, the Avista Foundation has granted over $17 million, focusing on vulnerable populations, education, and economic and cultural vitality [4] Grant Distribution - The grants awarded include notable amounts such as $50,000 to Pullman Regional Hospital Foundation, $20,000 to Cancer Can't, and $10,000 to Family Promise of Spokane and Providence Inland Northwest Foundation [2][3] - A total of 58 organizations received funding, with amounts ranging from $750 to $60,000, demonstrating a diverse allocation of resources to various community needs [2][3] - Organizations eligible for funding can apply through the Avista Foundation's website [3]

Core Viewpoint - Avista Corp. will hold its quarterly conference call to discuss first quarter 2025 results on May 7, 2025, at 12:30 p.m. Eastern Daylight Time, with earnings information released earlier that day at 7:05 a.m. [1] Group 1 - The conference call can be accessed through Avista's website, requiring pre-registration for call-in details [2] - A replay of the webcast will be available for one year on Avista's website [2] Group 2 - Avista Corp. is an energy company engaged in the production, transmission, and distribution of energy, serving 422,000 electric customers and 383,000 natural gas customers [3] - The service territory spans 30,000 square miles across eastern Washington, northern Idaho, and parts of southern and eastern Oregon, with a total population of 1.7 million [3] - Avista's subsidiary, Alaska Energy and Resources Company, provides retail electric service to 18,000 customers in Juneau, Alaska [3]

Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Avista (AVA) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.Avista is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different sector groups. The average ...

Avista (AVA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The powe ...

Market Overview - Wall Street is anticipating a challenging start to the week, with fears of a repeat of the 1987 Black Monday, which saw a 22.6% market plunge [5][6] - Major indexes, including Dow, S&P 500, and Nasdaq, are expected to open 6% lower, potentially making last week's $6.6 trillion losses appear minor [6] Economic Impact - President Trump's recent tariffs have caused global market turmoil, leading to uncertainty among investors regarding future market reactions [6][7] - Trump stated he would not engage in trade deals until trade deficits are addressed, which may prolong market distress until clarity on the tariffs' economic impact is achieved [7] Investment Recommendations - In light of the current market conditions, investing in safe-haven stocks, particularly in the utilities sector, is advised [3][4] - Recommended utility stocks include: - **Avista Corporation (AVA)**: Expected earnings growth rate of 14%, Zacks Rank 1, beta of 0.38, and a dividend yield of 4.81% [9] - **CMS Energy Corporation (CMS)**: Expected earnings growth rate of 7.8%, Zacks Rank 2, beta of 0.34, and a dividend yield of 2.99% [11] - **Exelon Corporation (EXC)**: Expected earnings growth rate of 6.4%, Zacks Rank 2, beta of 0.39, and a dividend yield of 3.53% [13] - **Southwest Gas Holdings, Inc. (SWX)**: Expected earnings growth rate of 17.1%, Zacks Rank 2, beta of 0.50, and a dividend yield of 3.60% [15]

Group 1: CalMaine Foods (CALM) - The company is primarily engaged in the production, grading, packing, and sale of fresh shell eggs, including conventional, cage-free, organic, and nutritionally-enhanced eggs [1] - The Zacks Consensus Estimate for its current year earnings has increased by 46.2% over the last 60 days [1] Group 2: Avista (AVA) - The company is involved in the production, transmission, and distribution of energy, as well as other energy-related businesses [2] - The Zacks Consensus Estimate for its current year earnings has increased nearly 4.4% over the last 60 days [2] - The company has a dividend yield of 4.8%, compared to the industry average of 3.1% [2] Group 3: Potlatch (PCH) - The company is a certified forest practices leader, committed to providing superior returns to stockholders through long-term stewardship of its forest resources [3] - The Zacks Consensus Estimate for its current year earnings has increased nearly 5.3% over the last 60 days [3] - The company has a dividend yield of 4.5%, compared to the industry average of 1.2% [3]

The utility commissions will now review the IRP and provide an opportunity for public comment. The IRP is available for review at www.myavista.com/irp. About Avista Utilities Avista Utilities is involved in the production, transmission and distribution of energy. We provide energy services and electricity to 422,000 customers and natural gas to 383,000 customers in a service territory that covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a popul ...