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Avista(AVA) - 2025 Q2 - Earnings Call Presentation
2025-08-06 14:30
Financial Performance - Q2 2025 earnings per diluted share were $0.17, compared to $0.29 in Q2 2024[8] - Year-to-date 2025 earnings per diluted share were $1.15, compared to $1.20 year-to-date 2024[8] - Avista Utilities Q2 2025 earnings per diluted share were $0.28, compared to $0.31 in Q2 2024[8] - AEL&P Q2 2025 earnings per diluted share were $0.01, same as Q2 2024[8] - The company expects to be at the low end of its consolidated guidance range due to $0.15 per diluted share of losses at its other businesses recorded in the first half of the year[24] Regulatory Outcomes - Washington: Base electric revenue increase of $11.9 million (2%) in year 1 and $68.9 million (11.6%) in year 2; Base gas revenue increase of $14.2 million (11.2%) in year 1 and $4.0 million (2.8%) in year 2[12] - Idaho: Base electric revenue increase of $19.5 million (6.3%) in year 1 and $14.7 million (4.5%) in year 2; Base gas revenue increase of $4.6 million (9.2%) in year 1 and $0.2 million (0.4%) in year 2[15] Capital Investments and Liquidity - Avista Utilities expects to spend between $525 million and $650 million annually on capital projects from 2025-2029[17] - The company issued $35 million in common stock through June 30, 2025[22] - The company has $148 million in available liquidity as of June 30, 2025[22] Earnings Guidance - The company provides 2025 earnings guidance for Avista Utilities of $2.43-$2.61 per share and for AEL&P of $0.09-$0.11 per share, resulting in consolidated earnings guidance of $2.52-$2.72 per share[23]