Overview
Avista Q3 net income rises to $0.36 per share, up from $0.23 last year
Company affirms earnings guidance, Avista Utilities expected at upper end of range
Avista selects 2025 RFP shortlist, including ownership options
Outlook
Avista confirms 2025 earnings guidance at $2.52 to $2.72 per diluted share
Avista Utilities expected to contribute at upper end of $2.43-$2.61 EPS range in 2025
Avista anticipates long-term earnings growth of 4-6% from 2025 midpoint
Result Drivers
RATE CASES AND CUSTOMER GROWTH - Electric and natural gas utility margins increased due to general rate cases and customer growth
COST MANAGEMENT - Disciplined cost management contributed to improved financial results
OPERATING EXPENSES - Increased operating expenses due to employee costs and thermal generation, offset by revenue increases
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.36 |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the multiline utilities peer group is "buy."
Wall Street's median 12-month price target for Avista Corp is $39.00, about 0.8% above its November 4 closing price of $38.69
Press Release: ID:nGNX3zdvVs
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)