Avista(AVA) Newsfilter·2025-02-26 12:05Financial Performance - Avista Corp. reported a total net income of $67 million for Q4 2024, down from $84 million in Q4 2023, and a total net income of $180 million for the full year 2024, compared to $171 million in 2023 [1][2] - Earnings per diluted share for Q4 2024 were $0.84, a decrease from $1.08 in Q4 2023, while the full year earnings per diluted share were $2.29, up from $2.24 in 2023 [1][2] Segment Performance - Avista Utilities contributed $68 million in net income for Q4 2024, down from $83 million in Q4 2023, and $179 million for the full year, compared to $167 million in 2023 [1][2] - AEL&P maintained a consistent net income of $3 million for Q4 2024, while it reported $8 million for the full year, down from $9 million in 2023 [1][2] Revenue and Costs - The electric utility margin increased by $9 million in Q4 2024 and $56 million year-to-date, attributed to general rate cases and customer growth [2][4] - Natural gas utility margin rose by $3 million in Q4 and $13 million year-to-date, also influenced by general rate cases and customer growth [2][4] Capital Expenditures - Avista Utilities' capital expenditures for 2024 were $510 million, while AEL&P's were $23 million [9] - Expected capital expenditures for Avista Utilities in 2025 are projected to be around $525 million, with a total of nearly $3 billion anticipated over the five-year period ending in 2029 [10] Future Outlook - The company initiated its 2025 earnings guidance with a range of $2.52 to $2.72 per diluted share, with Avista Utilities expected to contribute between $2.43 and $2.61 per diluted share [12][13] - AEL&P is projected to contribute between $0.09 and $0.11 per diluted share in 2025, while other businesses are expected to contribute zero earnings [12][13]