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

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.)