Every material Form 8-K Avista has filed with the SEC since February 20, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Avista furnished a November 2026 investor presentation that reaffirms its 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share. The presentation shows third-quarter GAAP net income of $49 million, up from $29 million a year earlier, and year-to-date GAAP net income of $176 million, up from $122 million.
Q3 2026 GAAP diluted EPS was $0.57 versus $0.36 in Q3 2025; non-GAAP utility EPS was $0.38 versus $0.37
Year-to-date 2026 GAAP diluted EPS was $2.11 versus $1.51; non-GAAP utility EPS was $1.76 versus $1.67
Washington general rate case decision is expected in mid-December; a $3.6 billion capital spend is planned for 2027-2031
Signed MOU seeks 10% ownership in the $6 billion North Plains Connector transmission line, with definitive agreements expected in 6-9 months
Avista Corp. reported third-quarter 2026 GAAP net income of $49 million, or $0.57 per diluted share, up from $29 million, or $0.36, a year earlier. Non-GAAP utility earnings rose to $33 million, or $0.38 per share, from $30 million, or $0.37, and the company confirmed its 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share.
Q3 2026 GAAP EPS $0.57 vs. $0.36; non-GAAP utility EPS $0.38 vs. $0.37
Year-to-date GAAP EPS $2.11 vs. $1.51; non-GAAP utility EPS $1.76 vs. $1.67
2026 non-GAAP utility EPS guidance confirmed at $2.52 to $2.72; CEO expects the midpoint
Company expects to issue up to $15 million of common stock in 2026 and up to $220 million of long-term debt in 2027
Avista reported second-quarter 2026 GAAP net income of $35 million, or $0.43 per diluted share, up from $14 million, or $0.17, a year earlier, mainly due to investment gains at its other businesses. Non-GAAP utility earnings were $23 million, or $0.29 per share, compared with $24 million, or $0.29, in the second quarter of 2025, and the company confirmed its 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share.
Q2 2026 GAAP EPS was $0.43 versus $0.17 in Q2 2025; year-to-date GAAP EPS was $1.54 versus $1.15.
Q2 2026 non-GAAP utility EPS was $0.29, flat with the prior year; year-to-date it was $1.38 versus $1.30.
Avista expects to recognize a $17 million fair value increase in Q3 2026 and estimates a $13 million loss based on July 31 values for a fund investment.
The company said it is evaluating up to $100 million of additional short-term liquidity by the end of Q4 2026.
Avista Corp. said Senior Vice President Jason R. Thackston, who oversees growth, energy policy and external relations, will retire effective January 1, 2027. The filing says he is joining Whitworth University as vice president of finance and administration and chief financial officer, and that his departure is not due to any disagreement with management or the Board.
Jason R. Thackston announced his retirement on July 2, 2026, effective January 1, 2027.
He is set to join Whitworth University as vice president of finance and administration and chief financial officer in January 2027.
Thackston will focus on transitioning his responsibilities over the next six months.
The filing states the departure is not due to any disagreement with management or the Board of Directors.
Avista Corporation sold two series of first mortgage bonds on May 14, 2026, under a private placement bond purchase agreement, with a further $70.0 million expected in August 2026. At its May 14, 2026 annual meeting, shareholders elected all eleven directors and approved three of four proposals, but did not approve the charter amendment to lower the shareholder approval requirement from 80% to a majority.
Issued $90.0 million of 4.77% first mortgage bonds due 2029 and $70.0 million of 6.10% first mortgage bonds due 2056 on May 14, 2026
Expects to issue an additional $70.0 million of 6.10% bonds in August 2026; proceeds to refinance existing debt and fund utility capital expenditures
Proposal 4 to reduce the approval threshold from 80% to a majority failed; it received 64,317,253 votes for, short of the 80% required
All eleven directors were elected; Deloitte & Touche LLP ratification and the advisory say-on-pay vote were approved
Avista Corp. reported first-quarter 2026 GAAP net income of $92 million, or $1.11 per diluted share, up from $79 million, or $0.98, a year earlier. Non-GAAP utility earnings were $91 million, or $1.10 per share, compared with $82 million, or $1.01, in the first quarter of 2025. The company confirmed its 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share, which the company said is on track.
GAAP net income was $92 million, or $1.11 per diluted share, versus $79 million, or $0.98, in Q1 2025.
Non-GAAP utility earnings were $91 million, or $1.10 per diluted share, versus $82 million, or $1.01, in Q1 2025.
2026 non-GAAP utility earnings guidance was confirmed at $2.52 to $2.72 per diluted share, assuming normal weather and an ERM impact of ($0.10) per diluted share.
Results were released in Exhibit 99.1, and a webcast for analysts and investors is set for May 5, 2026 at 10:30 a.m. ET.
Avista Corp. reported 2025 net income based on GAAP of $193 million, or $2.38 per diluted share, up from $180 million, or $2.29, in 2024, and non-GAAP utility earnings of $207 million, or $2.55 per diluted share, up from $187 million, or $2.38. It initiated 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share, which reflects a $0.12 decrease from a large industrial customer's notice that it will return to procuring power independently sooner than expected. The company also said a late-December Washington order on its exit from Colstrip negatively affected 2025 utility earnings.
Full-year 2025 non-GAAP utility earnings were $207 million, or $2.55 per diluted share, versus $187 million, or $2.38, in 2024.
Full-year 2025 GAAP net income was $193 million, or $2.38 per diluted share, versus $180 million, or $2.29, in 2024.
Fourth-quarter 2025 non-GAAP utility earnings were $72 million, or $0.88 per diluted share, versus $0.89 in the fourth quarter of 2024.
2026 non-GAAP utility earnings guidance is $2.52 to $2.72 per diluted share, reflecting a $0.12 decrease from a large industrial customer's departure.
Avista reported third-quarter 2025 net income of $29 million, or $0.36 per diluted share, up from $18 million, or $0.23, a year earlier. It confirmed its 2025 consolidated earnings guidance of $2.52 to $2.72 per diluted share but expects results at the low end of that range because of $0.16 per share of losses at its other businesses. Shareholders see higher quarterly and year-to-date earnings, with the full-year outcome expected near the bottom of the range.
Q3 2025 net income was $29 million, or $0.36 per diluted share, versus $18 million, or $0.23, in Q3 2024.
Year-to-date 2025 earnings were $1.51 per diluted share, compared with $1.44 for the same period of 2024.
2025 consolidated EPS guidance of $2.52 to $2.72 was confirmed; the company expects the low end due to $0.16 per share of losses at other businesses.
Avista Utilities is expected to contribute toward the upper end of its $2.43 to $2.61 per-share range.
Avista reported second-quarter 2025 net income of $14 million, or $0.17 per diluted share, down from $23 million, or $0.29, a year earlier. The company confirmed its 2025 EPS guidance of $2.52 to $2.72 but expects to land at the low end because of investment valuation losses, mainly in clean technology investments, while Avista Utilities is expected to finish toward the upper end of its own range.
Q2 2025 net income was $14 million and EPS was $0.17, versus $23 million and $0.29 in Q2 2024.
Year-to-date net income was $93 million and EPS was $1.15, versus $94 million and $1.20 a year earlier.
2025 consolidated EPS guidance of $2.52 to $2.72 was confirmed, with the company expecting the low end due to $0.15 of other-business losses in the first half.
Avista Utilities is expected to contribute toward the upper end of its $2.43 to $2.61 per-share range.
Avista Corp. sold $120.0 million of 6.18 percent first mortgage bonds due 2055 to institutional investors in a private placement on July 23, 2025. Net proceeds will repay borrowings under its committed line of credit used for utility facilities or reimburse its treasury for such spending.
Bonds issued July 23, 2025, at 6.18 percent, maturing in 2055, sold under a bond purchase agreement with institutional investors
Bonds are secured by a lien on substantially all company property (other than excepted property) under the 1939 Mortgage and Deed of Trust
Company cash settled one interest rate swap with a notional amount of $10.0 million and received a net $1.1 million, amortized into interest expense over the life of the debt
Bonds are not registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption
Avista Corp. reported first-quarter 2025 net income of $79 million, or $0.98 per diluted share, up from $71 million, or $0.91, a year earlier. The company confirmed its 2025 consolidated earnings guidance of $2.52 to $2.72 per diluted share. The results are in a press release dated May 7, 2025, furnished as Exhibit 99.1 to this 8-K.
Avista Utilities net income was $78 million, up from $67 million, with earnings of $0.97 per diluted share versus $0.86.
Electric utility margin increased by $28 million after tax, which the company attributed to general rate cases and customer growth.
2025 consolidated guidance of $2.52 to $2.72 per diluted share was confirmed, and the company expects new Oregon and Idaho rates to take effect in September if approved.
The company expects to issue $120 million of long-term debt and up to $80 million of common stock in 2025, including $16 million of stock issued in the first quarter.
Avista Corp. reported 2024 full-year earnings of $2.29 per diluted share, up from $2.24 in 2023, and fourth-quarter earnings of $0.84 per diluted share, down from $1.08 a year earlier. The company also initiated 2025 consolidated earnings guidance of $2.52 to $2.72 per diluted share, which shareholders will use to judge the year ahead.
Full-year 2024 net income was $180 million, versus $171 million in 2023; full-year EPS was $2.29 versus $2.24.
Fourth-quarter 2024 net income was $67 million, versus $84 million in the fourth quarter of 2023; quarterly EPS was $0.84 versus $1.08.
2025 consolidated guidance is $2.52 to $2.72 per diluted share, with Avista Utilities expected to contribute $2.43 to $2.61.
The company cited a $0.12 negative midpoint impact from the Energy Recovery Mechanism in its 2025 Avista Utilities guidance.
Avista Corp. reported third-quarter 2024 net income of $18.5 million, or $0.23 per diluted share, up from $14.7 million, or $0.19, a year earlier, and year-to-date EPS of $1.44 versus $1.14. The company lowered its 2024 consolidated earnings guidance by $0.10 to a range of $2.26 to $2.46 per diluted share, citing lower-than-expected valuations at its other businesses, which shareholders should weigh against the stronger utility results.
Q3 2024 net income $18.5 million ($0.23 per diluted share) vs. $14.7 million ($0.19) in Q3 2023
Year-to-date 2024 net income $112.8 million ($1.44 per diluted share) vs. $87.0 million ($1.14) in 2023
2024 consolidated EPS guidance lowered to $2.26 to $2.46; Avista Utilities expected near the low end of its $2.23 to $2.39 range
Other businesses now expected to post a net loss in 2024 due to lower private equity valuations
Avista Corp. CEO Dennis Vermillion will step down as CEO and board member effective December 31, 2024, and retire by the end of the first quarter of 2025. The board appointed President and COO Heather Rosentrater as CEO and board member effective January 1, 2025, a planned succession the company described as long-term planning. Her compensation as CEO will be set at a later date.
Vermillion steps down as CEO and board member effective December 31, 2024; he will remain Executive Vice President and strategic advisor until retiring by the end of Q1 2025.
Heather Rosentrater, currently President and COO, becomes President and CEO and a board member effective January 1, 2025.
Rosentrater joined Avista in 1999 and became President and COO on October 1, 2023; she is the first female CEO in company history.
Compensation and employment terms for Rosentrater as CEO have not yet been determined.
Avista Corp. reported second-quarter 2024 net income of $22.9 million, or $0.29 per diluted share, up from $17.5 million, or $0.23, a year earlier. Year-to-date net income rose to $94.4 million, or $1.20 per diluted share, from $72.3 million, or $0.96. The company confirmed its 2024 consolidated earnings guidance of $2.36 to $2.56 per diluted share and said a large new electric customer added August 1 is expected to substantially offset higher power supply costs in 2024.
Q2 2024 net income was $22.9 million ($0.29 per diluted share) versus $17.5 million ($0.23) in Q2 2023.
Year-to-date 2024 net income was $94.4 million ($1.20 per diluted share) versus $72.3 million ($0.96) in 2023.
2024 consolidated earnings guidance of $2.36 to $2.56 per diluted share was confirmed, with Avista Utilities expected at $2.23 to $2.39.
The company expects to issue approximately $70 million of common stock in 2024 and does not expect additional long-term debt in 2024.
Avista Corp. reported first-quarter 2024 net income of $71.5 million, or $0.91 per diluted share, up from $54.8 million, or $0.73 per diluted share, in the first quarter of 2023. The company confirmed its 2024 consolidated earnings guidance of $2.36 to $2.56 per diluted share, and said the Energy Recovery Mechanism is expected to reduce 2024 earnings by $0.07 per diluted share.
Q1 2024 net income was $71.5 million versus $54.8 million in Q1 2023
Q1 2024 earnings per diluted share were $0.91 versus $0.73 a year earlier
2024 consolidated earnings guidance confirmed at $2.36 to $2.56 per diluted share
Avista Utilities expects to contribute $2.23 to $2.39 per diluted share in 2024; the ERM is expected to have a negative $0.07 impact for the full year
Avista reported 2023 full-year earnings of $2.24 per diluted share, up from $2.12 in 2022, and fourth-quarter EPS of $1.08, up from $1.05. The company also initiated 2024 consolidated EPS guidance of $2.36 to $2.56, with Avista Utilities contributing most of the expected earnings. Results and guidance point in a favorable direction for shareholders.
2023 total net income was $171.2 million, up from $155.2 million in 2022
Avista Utilities earnings per diluted share rose to $2.18 for 2023 from $1.61 in 2022
2024 guidance: consolidated $2.36 to $2.56 per diluted share; Avista Utilities $2.23 to $2.39
Company expects long-term earnings growth of 4 to 6 percent off a 2025 base year
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