NYSE$AVA

Avista Corporation · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Announced 2024 results and initiated 2025 earnings guidance.

Avista Corp. reported consolidated earnings per diluted share of $2.29 for the full year of 2024. The company initiated consolidated guidance of $2.52 to $2.72 per share for 2025.

  • Consolidated earnings per diluted share of $2.29 for the full year of 2024.
  • Utility operations led continued improvement in consolidated earnings.
  • Record levels of capital investment were made to better serve customers.
  • Consolidated earnings guidance of $2.52 to $2.72 per share was initiated for 2025.

Headline financials

Total Revenue

$517M

Previous: $517M-0.1%
EPS (adj)

$0.84

Previous: $1.08-22.2%
Electric Utility Margin (Q3)

$167M

No prior period
Natural Gas Utility Margin (Q3)

$69M

No prior period
Effective Tax Rate (Q3)

2.0%

No prior period
Capital Expenditures

-$128M

Previous: -$139M+8.5%
Net Income

$67M

Previous: $84.1M-20.4%
Operating Income

$102M

Previous: $99.2M+2.7%
Gross Profit

$129M

Previous: $127M+1.7%

Revenue & EPS history

Avista · Revenue · Quarterly

$517M

Q4 2024-0.1%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Avista Corp. is initiating its 2025 earnings guidance with a consolidated range of $2.52 to $2.72 per diluted share.

Tailwinds

  • Avista Utilities to contribute within a range of $2.43 to $2.61 per diluted share in 2025.
  • AEL&P to contribute in the range of $0.09 to $0.11 per diluted share in 2025.
  • Other business to contribute zero earnings in 2025.
  • Long term earnings growth expected in the 4-6 percent range from forecast 2025 base year.
  • Guidance does not include the effect of unusual or non-recurring items until the effects are probable.

Headwinds

  • Midpoint of guidance for Avista Utilities includes an expected $0.12 negative impact from the ERM, within the 90 percent customer/10 percent Company sharing band.
  • Various factors could cause actual results to differ materially from expectations.
  • State and federal regulatory decisions could affect the ability to recover costs and earn a reasonable return.
  • Weather conditions could affect both energy demand and electric generating capability.
  • Wildfires ignited by equipment could cause significant loss of life and property.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.0%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-0.3%

Avg return

30 days after

52%

35 / 67 earnings

Positive

+8.4%

Q3 2023

Best reaction

-10.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-4.6%-6.4%-6.4%
Q3 2025+2.6%+6.3%+0.1%
Q2 2025-4.2%-2.3%-3.6%
Q1 2025-1.7%-6.1%-10.7%
Q4 2024+3.3%+3.3%+6.1%
Q3 2024-1.8%+1.9%+0.1%
Q1 2024+2.3%+3.9%+2.8%
Q4 2023+0.1%-2.1%-0.8%
Q3 2023+8.4%+10.3%+10.2%
Q2 2023+0.6%-1.2%-11.1%
Q1 2023+1.4%+1.7%-4.7%
Q4 2022+2.5%+1.7%+1.1%
Q3 2022-10.1%-9.5%+0.9%
Q2 2022+0.1%-1.0%-5.4%
Q1 2022+1.8%+5.6%+7.2%
Q4 2021+2.1%+5.0%+5.5%
Q3 2021-1.0%-0.8%-2.1%
Q2 2021-2.5%-4.2%-4.1%
Q1 2021+2.4%+2.8%-2.9%
Q4 2020+4.6%+2.5%+24.3%
Q3 2020-3.1%+3.0%+7.3%
Q2 2020-0.1%+3.1%+0.4%
Q1 2020-1.5%-9.4%-1.1%
Q4 2019-1.0%+1.2%-16.6%
Q3 2019-1.3%-2.3%-0.0%
Q2 2019+2.5%+2.2%+4.6%
Q1 2019+3.1%+2.6%-1.2%
Q4 2018-1.3%-1.2%-1.0%
Q3 2018+0.8%+0.8%-15.6%
Q2 2018-0.1%+0.5%+1.4%
Q1 2018-0.4%-0.3%+0.8%
Q4 2017-1.0%-1.6%+3.5%
Q3 2017-0.6%-0.8%-0.6%
Q2 2017-1.0%-0.7%-2.3%
Q1 2017+2.0%+3.5%+9.3%
Q4 2016-0.5%+1.0%+0.8%
Q3 2016-3.6%-3.3%-3.0%
Q2 2016-0.9%-2.3%-4.8%
Q1 2016+1.6%
Q4 2015+4.1%
Q3 2015+2.6%
Q2 2015+0.7%
Q1 2015-1.2%
Q4 2014-1.5%
Q3 2014-1.8%
Q2 2014+0.1%
Q1 2014+3.6%
Q4 2013-0.5%
Q3 2013+0.2%
Q2 2013+2.2%
Q1 2013+1.5%
Q4 2012-2.0%
Q3 2012-2.1%
Q2 2012-4.5%
Q1 2012-2.5%
Q4 2011-0.6%
Q3 2011-1.4%
Q2 2011-9.6%
Q1 2010+3.5%
Q1 2011+1.6%
Q4 2008+1.0%
Q4 2010+1.0%
Q3 2010+0.0%
Q3 2009+0.0%
Q2 2009+0.9%
Q4 2009+0.9%
Q2 2010+0.9%

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