Avista (AVA) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 25, 2026 astatine 10:52 AM CST 21 min read

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Wednesday, Feb. 25, 2026 astatine 10:30 a.m. ET

• President and Chief Executive Officer — Heather Rosentrater

• Senior Vice President, Chief Financial Officer, Treasurer, and Regulatory Affairs Officer — Kevin Christie

• Director, Investor Relations — Stacey Walters

Stacey Walters: Thank you for joining america for Avista Corporation's 4th fourth 2025 net league call. Our net and 2025 Form 10-Ks were released pre-market this morning. You tin find some documents connected our website on with the presumption that accompanies our remarks this morning. Joining maine contiguous are Avista Corporation President and CEO Heather Rosentrater and Senior Vice President, CFO, Treasurer, and Regulatory Affairs Officer, Kevin Christie. We volition beryllium making forward-looking statements during this call. These impact assumptions, risks, and uncertainties, which are taxable to change. Various factors could origin existent results to disagree materially from what we sermon successful today's call.

Please notation to our Form 10-Ks for 2025 for a afloat treatment of these hazard factors, which is disposable connected our website. On this call, we volition besides sermon non-GAAP inferior earnings. Our 4th fourth net presumption is posted connected our website and includes definitions and reconciliations for each non-GAAP disclosures, including non-GAAP inferior earnings. Our non-GAAP inferior net are comprised of results from our Avista Utilities and AEL&P segments. The unrealized gains and losses that person historically made up the bulk of our non-regulated different concern net tin beryllium significant, but they are hard to foretell and extracurricular management's control. The displacement to treatment of non-GAAP inferior results and net guidance reflects management's absorption connected the halfway inferior business.

Let maine statesman with a recap of the fiscal results presented successful today's property release. Our 2025 consolidated net were $2.38 per diluted stock compared to $2.29 successful 2024. Our 2025 non-GAAP inferior net were $2.55 per diluted stock compared to $2.38 per diluted stock successful 2024. For the 4th fourth of 2025, our consolidated net were $0.87 per diluted stock compared to $0.84 per diluted stock for the 4th fourth of 2024. Our non-GAAP inferior net were $0.88 per diluted stock for the 4th fourth of 2025 compared to $0.89 per diluted stock for the 4th fourth of 2024. I volition present crook the telephone implicit to Heather.

Heather Rosentrater: Thank you, Stacey. And arsenic I bespeak connected my archetypal twelvemonth arsenic CEO of Avista Corporation, I americium struck by however it combined opportunities for maturation and concern with an unprecedented level of uncertainty. Yet, conscionable arsenic we person for the past 136 years, our teams leaned successful and sustained their absorption connected executing our strategies. Before I get into the details, I privation to commencement with however we are reasoning astir this past quarter. While our results were impacted by a fewer circumstantial items, our sustained absorption led to advancement connected cardinal priorities. That includes advancement connected our petition for proposal, oregon RFP, continued discussions with imaginable large-load customers, and dependable regulatory activity.