Dividend growth stocks aren't always the most exciting investments out there. They often aren't grabbing the headlines, and they aren'tFor some background on this monthly publication, here is my view on dividend growth stocks :Interested in more income ideas? Check out Cash Builder Opportunities, where we provide ideas about high-quality and reliable dividend growth ideas. These investments are designed to build growing income for investors. A special focus on investments that are leaders within their indus ...

In a world where explosive investment gains are profiled on major news outlets on a daily basis, many investors are tempted to shoot for the moon. Three decades and even more stock market cycles have taught us at 2nd Market Capital that it is the singles and doubles that drive long-term performance. With that in mind, we would like to discuss a particularly reliable investment: Avista Corporation (NYSE:AVA). Avista is a small electric and gas utility operating in the northwestern U.S. Like most utilities, i ...

Will issue Request for Proposals (RFP) to ensure reliable service in the futureSPOKANE, Wash., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Avista Utilities, an operating division of Avista Corp. (NYSE: AVA), has filed its 2025 Electric Integrated Resource Plan (IRP) with the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission. Avista produces an electric IRP every two years detailing projected growth in electricity demand and the new resources needed to serve customers over th ...

The latest environmental, social and governance (ESG) information can be found at avistacorp.com. SPOKANE, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Today, Avista (NYSE: AVA) published its latest Corporate Responsibility report and other environmental, social and governance (ESG) information on its corporate website, avistacorp.com. The content reports on Avista’s operations and includes commitments in four areas: environment, people, customers and communities, and ethical governance. The latest report inclu ...

Company pleased with the fair and balanced decision for the Company and its customersSPOKANE, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Avista's (NYSE: AVA) electric and natural gas general rate cases filed in January 2024 have concluded, with an order from the Washington Utilities and Transportation Commission (Commission) approving a two-year rate plan that will change electric and natural gas rates, beginning Jan. 1, 2025, and Jan. 1, 2026. For electric operations, the Commission approved rates designed t ...

Financial Data and Key Metrics Changes - Consolidated earnings for Q3 2024 were $0.23 per diluted share, up from $0.19 in Q3 2023, with year-to-date earnings at $1.44 per diluted share compared to $1.14 last year [5] Business Line Data and Key Metrics Changes - Avista Utilities showed continued improvement in Q3 2024, largely due to general rate cases, despite a pre-tax expense of $3.2 million under the Energy Recovery Mechanism (ERM) [25] - AEL&P's results were in line with expectations, on track to meet full-year earnings targets [26] Market Data and Key Metrics Changes - The other businesses segment is expected to incur a net loss of $0.04 to $0.06 per diluted share in 2024, primarily due to mark-to-market valuations [30][41] Company Strategy and Development Direction - The company is focused on regulatory strategy, with expectations for a constructive rate order from Washington general rate cases in mid-December and plans to file a general rate case in Oregon [27] - Planned capital expenditures for Avista Utilities are approximately $515 million for 2024, with a three-year capital plan of about $1.7 billion to support customer growth and maintain infrastructure [28][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds in Q3 but expressed confidence in the team's ability to execute on regulatory strategies and commitments [12] - The company expects improvements in private equity markets and is optimistic about future opportunities within its investment portfolio [30][44] Other Important Information - The company has made significant progress towards clean energy goals, including signing four Power Purchase Agreements (PPAs) for a total of 325 megawatts of renewable energy [11] - The Clearwater Wind Project has come online early, supporting the company's clean energy goals [18] Q&A Session Summary Question: Upcoming milestones for the North Plains Connector project - Management indicated that definitive agreements are expected to be developed in the next six to nine months, which is a key piece of the integrated resource plan [34] Question: Financial commitment for the North Plains Connector - It was clarified that there will likely be some smaller payments before the project is operational, with the majority occurring after energization [35] Question: ERM and optimization of the generation portfolio - Management discussed the need for more company-owned generation to manage ongoing volatility in power supply costs, emphasizing the importance of changes to the ERM [37][38] Question: Details on the loss in the other segment - The loss is primarily due to mark-to-market valuations, with management expressing optimism about future improvements in the clean-tech market [41][42] Question: Legislative initiatives regarding wildfire response - Management confirmed plans to pursue legislation in Washington and Idaho related to wildfire response liabilities in the upcoming legislative session [48]

Avista (AVA) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 64.29%. A quarter ago, it was expected that this utility would post earnings of $0.22 per share when it actually produced earnings of $0.29, delivering a surprise of 31.82%.Over the last four quarters, the company has surpas ...

Quarterly results demonstrate continued improvement at core utility from 2023Expect to be at the low end of Avista Utilities guidance rangeLowering earnings guidance for our other businesses due to lower than expected investment valuations SPOKANE, Wash., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Avista Corp. (NYSE: AVA) today announced financial results for the third quarter of 2024. Net income and earnings per diluted share for the third quarter and year-to-date 2024 compared to the same periods in 2023 are prese ...

Exhibit 99.1 1 Contact: Media: Lena Funston (509) 495-8090 lena.funston@avistacorp.com Investors: Stacey Wenz (509) 495-2046 stacey.wenz@avistacorp.com Avista 24/7 Media Access (509) 495-4174 Avista Corp. Reports Financial Results for the Third Quarter of 2024 • Quarterly results demonstrate continued improvement at core utility from 2023 • Expect to be at the low end of Avista Utilities guidance range • Lowering earnings guidance for our other businesses due to lower than expected investment valuations | - ...

Financial Performance - For the three months ended September 30, 2024, Avista Corporation reported a net income of $30 million, a decrease of 15% compared to $35 million for the same period in 2023[6]. - Net income for the three months ended September 30, 2024, was $18,487 thousand, compared to $14,716 thousand for the same period in 2023, representing a year-over-year increase of 25.3%[26]. - Net income for 2024 increased to $112,840,000 from $87,045,000 in 2023, representing a growth of approximately 29.5%[31]. - Comprehensive income for the nine months ended September 30, 2024, was $112,822 thousand, up from $86,989 thousand in 2023, reflecting a growth of 29.8%[26]. - The company reported a net decrease in short-term borrowings of $61,750,000 in 2024, a significant improvement from a decrease of $241,500,000 in 2023[34]. - The company reported total gains or losses included in regulatory assets/liabilities of $1.0 million for the three months ended September 30, 2024[107]. Revenue and Sales - Total revenue for the nine months ended September 30, 2024, was $1.2 billion, reflecting a 5% increase from $1.14 billion in the same period of 2023[6]. - Utility revenues for the three months ended September 30, 2024, were $393,742,000, an increase from $379,626,000 for the same period in 2023[66]. - The company recorded a total of $1,136,926,000 in operating revenue for the nine months ended September 30, 2024, compared to $1,058,725,000 for the same period in 2023[68]. - Total electric revenue from contracts with customers for the three months ended September 30, 2024, was $264.125 million, a 12.7% increase from $234.316 million in the same period of 2023[69]. - Total retail electric revenue for the nine months ended September 30, 2024, reached $783.146 million, a 11.3% increase compared to $703.917 million for the same period in 2023[69]. Expenses and Liabilities - Current liabilities decreased to $700,155 thousand as of September 30, 2024, from $775,205 thousand at the end of 2023, showing a reduction of 9.7%[28]. - Long-term debt increased to $2,598,646 thousand as of September 30, 2024, compared to $2,515,358 thousand at the end of 2023, representing an increase of 3.3%[28]. - Interest expense for the three months ended September 30, 2024, was $37,326,000, compared to $35,484,000 in the same period in 2023, reflecting an increase of approximately 5.2%[136]. - The company faces risks related to cyberattacks on operational and administrative systems, which could disrupt operations and incur liabilities[16][17]. Capital Expenditures and Investments - The company anticipates capital expenditures of approximately $300 million for the fiscal year 2024, focusing on infrastructure improvements and renewable energy projects[11]. - Utility property capital expenditures for 2024 were $405,428,000, compared to $359,277,000 in 2023, representing an increase of about 12.9%[34]. - The company expects capital expenditures to be approximately $515 million in 2024, with projected increases to $525 million in 2025, $575 million in 2026, and $600 million in 2027[197]. Customer Growth and Service - Avista's customer base grew by 3% year-over-year, with a total of 400,000 electric customers as of September 30, 2024[6]. - The average number of electric customers increased to 418,899 in Q3 2024 from 413,083 in Q3 2023, while natural gas customers rose to 380,551 from 376,978[166]. Regulatory and Compliance Issues - The company has unresolved regulatory, legal, and tax issues, which may lead to material loss contingencies[44]. - The company expects additional financial burdens associated with compliance with the Washington Climate Commitment Act[203]. - The SEC adopted final rules for climate disclosures effective for filings starting with the 2025 Annual Report on Form 10-K[204]. Renewable Energy and Sustainability - Avista Corporation plans to expand its renewable energy portfolio, aiming for a 20% increase in renewable energy generation by 2026[11]. - The company has initiated a new energy efficiency program projected to save customers approximately $10 million annually[11]. Shareholder Value and Dividends - The company expects to maintain a dividend payout ratio of 60% for the upcoming fiscal year, reflecting its commitment to returning value to shareholders[11]. - Cash dividends paid in 2024 amounted to $112,475,000, compared to $105,163,000 in 2023, marking an increase of about 6.3%[34]. Legal Matters - The Company is facing a lawsuit seeking recovery of up to $4.4 million for fire suppression costs related to the Boyds Fire, which occurred in August 2018[116]. - The Company is involved in ongoing arbitration regarding business disagreements with co-owners of Colstrip Units 3 and 4, with discussions re-engaging after a stay lapsed in April 2024[125].