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Avista US 8-K Filings

AVA NYSE

Every 8-K that Avista US (AVA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow AVA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AVA filings page.

Rhea-AI Summary

Avista Corp (AVA) reports a governance change approved by its Board of Directors. Effective August 17, 2026, the Board amended Article III, Section 2 of the company’s Bylaws to increase the maximum age at which a director may be elected or re-elected from 72 to 75 years. The fully updated Bylaws, as amended on that date, are included as Exhibit 3.2 and incorporated by reference.

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Avista Corporation reports that three major wildfires in the Spokane, Washington area, within its service territory, have burned over 8,000 acres and destroyed over 600 structures as of the evening of August 2, 2026. None of the fires are contained, and the company states its facilities were not involved in starting any of them. The fires have caused extensive damage to electric transmission and distribution facilities, leading to customer outages and evacuations in West Spokane.

Service has been restored to customers affected only by prior Public Safety Power Shutoffs, but remaining outages are tied to active wildfire conditions, damaged infrastructure, evacuation restrictions and safety concerns. Significant damage to transmission lines in West Spokane has reduced system capacity and may cause periodic power outages as repairs proceed. Approximately 5,300 natural gas customers are without service, and restoration requires multi-step inspections, repairs and relighting at individual premises. Avista is coordinating with emergency agencies, requesting voluntary energy conservation and emphasizing safety and community support during recovery.

Rhea-AI Summary

Avista Corp. reported higher results for the quarter and six months ended June 30, 2026. GAAP net income in Q2 2026 was $35 million, or $0.43 per diluted share, compared with $14 million, or $0.17, a year earlier. For the first half of 2026, GAAP net income was $127 million, or $1.54 per diluted share, versus $93 million and $1.15 in 2025. Non-GAAP utility earnings were $23 million, or $0.29 per share, in Q2 2026, flat with the prior-year quarter, and $114 million, or $1.38 per share, year-to-date, up from $105 million and $1.30.

Management attributes the GAAP earnings increase primarily to improved investment performance at non-regulated other businesses, which generated $13 million of income in the first half of 2026 versus losses of $12 million in 2025, as well as the effects of general rate cases. Utility earnings reflected lower electric and natural gas revenues offset by reduced fuel and gas resource costs, lower depreciation after the Colstrip exit, higher interest income, and a lower effective tax rate of 12% (vs. 14%.

Avista is confirming 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share, assuming normal weather, an ERM impact of $(0.10) per share, a 12% effective tax rate, and $615 million of 2026 capital expenditures. As of June 30, 2026, the company had $199 million of available liquidity under its committed line of credit and $59 million under a letter of credit facility. In 2026 it expects to issue up to $90 million of common stock and $230 million of long-term debt and is evaluating the need for up to $100 million of additional short-term liquidity by the end of the fourth quarter.

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Avista Corporation reported that Jason R. Thackston, Senior Vice President of Growth, Energy Policy and External Relations, has announced his retirement from the company, effective January 1, 2027. He plans to join Whitworth University as Vice President of Finance and Administration and Chief Financial Officer.

The company states that his decision to depart is not due to any disagreement with management or the Board of Directors. Over the next six months, Mr. Thackston will focus on transitioning his responsibilities to support an orderly leadership handoff.

Rhea-AI Summary

Avista Corporation has paused processing an energy service request tied to a potential 500 MW data center developer. The company plans to take additional time to work with governmental agencies on a clearer, coordinated planning process and to consider stakeholder and community feedback.

Negotiations on energy service for this specific data center are on hold while Avista evaluates how large data center requests fit with regional priorities. The company emphasizes principles that existing customers will not pay costs for serving a new large customer, system reliability must be protected, regulators must approve any final service agreement, and any large project must provide net benefits.

Rhea-AI Summary

Avista Corporation entered into a non-binding memorandum of understanding with a large-load customer in its Washington service territory. The customer is seeking an initial electric load of 125 megawatts starting in 2029, with a potential expansion path to 500 megawatts by 2032, subject to further evaluation, regulatory review, and definitive agreements.

The next step is negotiating an Engineering and Procurement Contract that is expected to include additional financial assurances. Any final Energy Services Agreement will be filed with, and require approval from, the Washington Utilities and Transportation Commission, with the structure intended to provide net benefits to existing customers while supporting regional economic development and grid improvements.

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Avista Corporation reported issuing and selling $90.0 million of 4.77% first mortgage bonds due in 2029 and $70.0 million of 6.10% first mortgage bonds due in 2056 in a private placement with institutional investors. The company expects to issue an additional $70.0 million of 6.10% bonds in August 2026. These secured bonds are issued under Avista’s long-standing Mortgage and Deed of Trust, are redeemable with a make-whole premium, and are secured by a lien on substantially all company property. Net proceeds will be used to refinance existing debt and fund utility capital spending.

Avista also held its 2026 annual meeting, where shareholders elected eleven directors and ratified Deloitte & Touche LLP as auditor. An advisory vote approved executive compensation. A proposal to amend the articles to lower certain approval thresholds from 80% to a simple majority received strong support but did not reach the required 80% of outstanding shares and therefore failed.

Rhea-AI Summary

Avista Corporation furnished a May 2026 investor presentation detailing recent performance, capital plans, regulatory activity and wildfire mitigation efforts. The company reported 2025 operating revenue of $2.0 billion, net income of $193 million and diluted EPS of $2.38, with shareholders’ equity of $2.7 billion as of December 31, 2025.

Avista targets long-term utility earnings growth of 4–6% from the midpoint of 2025 guidance and expects an ROE of 9.0% over the long term. Non‑GAAP utility earnings guidance for 2026 is $2.52–$2.72 per diluted share, assuming normal weather, a 12% effective tax rate, capital expenditures of $615 million and a negative $0.10 per share earnings impact from the Energy Recovery Mechanism.

The plan includes about $3.4 billion of capital spending in 2026–2030, driving an expected 7% base rate‑base CAGR with potential to reach 8%. Avista highlights wildfire mitigation, clean energy investments toward 2045 carbon goals, and regulatory developments across Washington, Idaho, Oregon and Alaska, including multiple rate cases and climate‑related legislation.

Rhea-AI Summary

Avista Corp. reported higher profit for Q1 2026 and reaffirmed its full‑year utility earnings outlook. GAAP net income rose to $92 million, or $1.11 per diluted share, from $79 million or $0.98 a year earlier. Non‑GAAP utility earnings increased to $91 million, or $1.10 per diluted share, from $82 million or $1.01.

The improvement was driven mainly by higher regulated utility margin from general rate cases, lower depreciation and amortization after the Colstrip exit, and net investment gains at non‑regulated businesses versus prior‑year losses. Avista confirmed 2026 non‑GAAP utility earnings guidance of $2.52–$2.72 per diluted share and expects long‑term non‑GAAP utility earnings growth of 4–6% from the midpoint of 2025 guidance.

As of March 31 2026, Avista had $110 million available under its committed credit line and $46 million under its letter of credit facility. For 2026, it plans utility capital expenditures of $615 million and anticipates issuing up to $90 million of common stock and $230 million of long‑term debt.

Rhea-AI Summary

Avista Corporation filed an 8-K to share its March 2026 investor presentation, outlining its utility-focused growth and financial outlook. The company targets non-GAAP utility earnings of $2.52 to $2.72 per diluted share in 2026 and long-term utility earnings growth of 4–6% from the midpoint of 2025 consolidated earnings guidance.

Avista highlights a $3.4 billion capital plan for 2026–2030, a largely regulated business mix, and an expected utility earnings CAGR of 5% with a 3% dividend CAGR toward a 60–70% payout ratio. It reports $1.9 billion in 2025 operating revenue, $191 million in 2025 net income attributable to shareholders, and 2025 diluted EPS of $2.36, with a 2026 annualized dividend of $1.97 per share and shareholders’ equity of $2.7 billion as of December 31, 2025.

The presentation emphasizes wildfire mitigation spending, grid hardening, decarbonization initiatives, and a largely renewable generation portfolio, as well as regulatory rate outcomes across Washington, Idaho, Oregon and Alaska that support authorized returns generally around 9.5–11.45% ROE.

Rhea-AI Summary

Avista Corporation reported higher 2025 earnings and issued its first 2026 utility guidance. GAAP net income was $193 million, or $2.38 per diluted share, up from $180 million, or $2.29, in 2024. Non-GAAP utility earnings were $207 million, or $2.55 per diluted share, compared to $187 million, or $2.38.

Utility performance benefited from general rate cases, customer and load growth, and higher electric and natural gas margins, partly offset by higher operating costs, depreciation, interest expense and a higher 11% effective tax rate. Non-regulated other businesses recorded a $14 million loss, largely from clean technology investment losses.

Avista initiated 2026 non-GAAP utility earnings guidance of $2.52–$2.72 per diluted share, reflecting a $0.12 per-share drag from a large industrial customer choosing to procure power independently. The outlook assumes normal weather, a negative Energy Recovery Mechanism impact of $0.10 per share, a 12% tax rate and $585 million of 2026 utility capital expenditures.

Rhea-AI Summary

Avista Corporation has filed a multi-year rate plan with the Washington Utilities and Transportation Commission seeking higher base revenues for electric and natural gas service from 2027 through 2030. For 2027, the plan requests additional electric base revenue of $111 million, a 13.9 percent increase, and additional natural gas base revenue of $12 million, a 4.7 percent increase. Smaller step-ups follow each year through 2030 for both electric and gas customers.

The 2027 electric revenue request is driven mainly by higher electric resource costs of $46 million, capital additions of $29 million, and other items including employee benefits, insurance, regulatory amortizations and wildfire costs. Avista is also asking for an overall rate of return of 7.5 percent in 2027 with a 10.2 percent return on equity, rising to a 7.67 percent overall return and 10.5 percent return on equity in 2029. The plan proposes changes to baseline power supply cost calculations and several cost deferral mechanisms, and will be reviewed by the regulator for up to eleven months.

Rhea-AI Summary

Avista Corporation (NYSE: AVA) furnished an 8-K to announce it will issue a press release reporting third-quarter 2025 earnings on November 5, 2025. The press release is provided as Exhibit 99.1 under Item 2.02 (Results of Operations and Financial Condition).

The company states the information in Item 2.02 and Exhibit 99.1 is being furnished, not filed, and therefore is not subject to liability under Section 18 of the Exchange Act nor incorporated by reference unless expressly stated.