Avista ( (AVA) ) has released its Q4 earnings. Here is a breakdown of the information Avista presented to its investors.
Avista Corp. is a prominent energy company engaged in the production, transmission, and distribution of energy, primarily serving regions in eastern Washington, northern Idaho, and parts of Oregon and Alaska. The company operates through its division Avista Utilities and its subsidiary AEL&P, providing electric and natural gas services to a significant customer base.
Avista Corp. recently announced its financial results for 2024, reporting consolidated earnings per diluted share of $2.29 for the year. The company also initiated its 2025 earnings guidance, projecting a range of $2.52 to $2.72 per share, reflecting a positive outlook despite facing challenges such as higher power supply and operating costs.
Key financial highlights include a total net income of $180 million for 2024, an increase from $171 million in 2023. Avista Utilities, the company’s main segment, contributed significantly to this growth with improved electric and natural gas utility margins driven by general rate cases and customer growth. However, the company faced increased operating expenses, depreciation, and interest costs, which partially offset these gains.
Looking ahead, Avista Corp. plans to continue its capital investments, with expected expenditures of $525 million for Avista Utilities in 2025 and nearly $3 billion over the next five years. The company remains focused on strategic priorities, including transmission projects and expanding its customer base, aiming for long-term earnings growth in the 4-6 percent range.
Avista’s management remains optimistic about 2025, emphasizing ongoing regulatory execution and strategic investments to enhance service delivery and operational efficiency. The company’s forward-looking guidance reflects confidence in navigating industry challenges and capitalizing on growth opportunities.