Avista US Stock Price, News & Analysis

Avista Corp. (NYSE: AVA) has announced a quarterly dividend declaration of $0.49 per share on its common stock. The dividend will be paid on June 13, 2025, to shareholders recorded as of May 13, 2025. The board of directors, who have sole discretion over dividend declarations, regularly evaluate dividend levels based on various factors including financial performance, business strategies, and market conditions.

Avista Foundation has awarded $316,250 in grants during Q1 2025 to support health and human services across five states. The foundation distributed funds to 58 nonprofit organizations in Washington, Idaho, Oregon, Alaska, and Montana.

Notable grants include $60,000 to Upper Columbia Resource Conservation and Development District, $50,000 to Pullman Regional Hospital Foundation, and $20,000 to Cancer Can't. The grants focus on supporting essential healthcare and social services initiatives across these communities.

Organizations interested in funding can check their eligibility and apply through avistafoundation.com.

Avista Corp. (NYSE: AVA) has announced its first quarter 2025 earnings conference call and webcast scheduled for May 7, 2025, at 12:30 p.m. EDT. The earnings release will be issued at 7:05 a.m. EDT on the same day.

The company serves as a major energy provider with Avista Utilities operating across eastern Washington, northern Idaho, and parts of Oregon, serving 422,000 electric customers and 383,000 natural gas customers across a 30,000 square mile territory with a population of 1.7 million. Through its subsidiary Alaska Electric Light and Power Company, Avista also provides electric service to 18,000 customers in Juneau, Alaska.

Avista (AVA) has submitted its 2025 Natural Gas Integrated Resource Plan (IRP) to state regulators in Washington, Idaho, and Oregon. The biennial plan outlines strategies for meeting projected energy demands and emissions compliance requirements over the next 20 years.

The IRP, developed with input from a Technical Advisory Committee including commission staff, utilities, customers, and stakeholders, presents a preferred resource portfolio designed to address future energy needs while complying with emissions legislation, particularly Oregon's Climate Protection Program and Washington's Climate Commitment Act.

According to Scott Kinney, Avista's Vice President of Energy Resources & Integrated Planning, the comprehensive plan ensures continued safe and reliable natural gas service delivery while meeting state-specific emissions requirements. The plan is now under review by utility commissions and open for public comment.

Avista (NYSE: AVA) has filed a request with the Washington Utilities and Transportation Commission for a $15.3 million electric rate increase, representing a 2.1% price adjustment effective July 1, 2025. The increase stems from deferred power supply costs tracked in the Energy Recovery Mechanism (ERM).

The primary driver was reduced hydroelectric generation in 2024 due to lower precipitation and snowpack. The cumulative ERM balance has reached $34.3 million, with $19.0 million currently being recovered through customer rates ending July 1, 2025.

If approved, Washington residential customers using an average of 945 kilowatt hours monthly will see bills increase from $120.86 to $123.41, a $2.55 monthly increase. Rate adjustments vary by customer class, ranging from 0.4% for street lights to 2.7% for extra large general service.

Avista (NYSE: AVA) has reached a comprehensive settlement agreement in its Oregon natural gas general rate case with multiple parties including the Public Utility Commission of Oregon Staff and Oregon Citizens' Utility Board. The settlement, pending commission approval, would result in a $4.2 million base revenue increase, reduced from the original $7.8 million request.

The agreement features a 7.219% rate of return with a 50% common equity ratio and 9.5% return on equity. Through accelerated customer tax credits over three years, the overall customer impact would be to 2.0%. For residential customers using an average of 48 therms monthly, this translates to a $1.36 monthly increase, raising bills from $69.55 to $70.91 effective September 1, 2025.

The settlement affects Avista's approximately 107,000 Oregon customers and includes provisions for customer assistance through bill discount programs and energy efficiency initiatives.

Avista Corp. (NYSE: AVA) reported consolidated earnings of $2.29 per diluted share for 2024 and initiated 2025 guidance of $2.52 to $2.72 per share. The company made significant progress in regulatory strategy with constructive outcomes in Washington rate cases.

Key financial highlights for 2024 include:

• Record capital investment levels with Avista Utilities spending $510 million
• AEL&P capital expenditures of $23 million
• Issued $68 million of common stock and remarketed $84 million of long-term debt
• Available liquidity of $153 million under committed credit line

For 2025, Avista plans $525 million in capital expenditures and expects to issue $120 million of long-term debt and up to $80 million of common stock. The company projects long-term earnings growth of 4-6% from the 2025 base year.

Avista Corp. (NYSE: AVA) has announced an increase in its quarterly dividend to $0.49 per share on common stock, representing a $0.015 increase. This adjustment results in an annualized dividend of $1.96. The dividend will be paid on March 14, 2025, to shareholders of record as of February 26, 2025.

This marks the twenty-third consecutive year of dividend increases by Avista's board of directors, reflecting their commitment to maximizing shareholder value and returns. The board's dividend decisions are based on various factors, including financial results, business strategies, and economic conditions.

Avista (NYSE: AVA) has filed a multi-year rate plan with the Idaho Public Utilities Commission seeking to recover infrastructure investment costs. The two-year plan proposes electric rate increases of 14.4% ($43.0 million) effective September 2025 and 5.2% ($17.7 million) effective September 2026. For natural gas, increases of 10.3% ($8.8 million) and 1.0% ($1.0 million) are proposed for the same periods.

Idaho residential customers using 939 kWh monthly would see their electric bills rise by $15.36 to $119.66 in 2025, and by $6.36 to $126.02 in 2026. Natural gas customers using 66 therms monthly would experience increases of $6.29 and $0.88 in respective years. The plan includes infrastructure upgrades, wood pole management, wildfire resiliency measures, and technology improvements.