Avista

Avista (AVA) Q3 2025 Earnings

Reported Nov 4, 2025 at 9:47 PM ET · SEC Source

Q3 25 EPS

$0.36

BEAT +27.43%

Est. $0.28

Q3 25 Revenue

$398.0M

MISS 4.72%

Est. $417.7M

vs S&P Since Q3 25

+0.9%

BEATING MARKET

AVA +10.9% vs S&P +9.9%

Market Reaction

Did AVA Beat Earnings? Q3 2025 Results

Avista Corp. Delivered a standout third quarter, posting diluted EPS of $0.36 against a consensus estimate of $0.28, a beat of 27.43% that underscores the company's strong utility execution even as revenue of $398.00 million came in 4.72% below the $… Read more Avista Corp. Delivered a standout third quarter, posting diluted EPS of $0.36 against a consensus estimate of $0.28, a beat of 27.43% that underscores the company's strong utility execution even as revenue of $398.00 million came in 4.72% below the $417.70 million analysts had expected. Revenue still edged up 1.1% year over year, and the real story behind the earnings strength was the Avista Utilities segment, which contributed $0.38 per diluted share in Q3 compared to $0.25 in the prior-year period, fueled by constructive rate case outcomes, customer load growth, and disciplined cost management. Electric utility margin rose $26.00 million after-tax year over year, providing the primary lift, though higher operating expenses, depreciation, and interest costs partially offset those gains. The company's board also declared a quarterly dividend of $0.49 per share, reinforcing confidence in its financial position. Looking ahead, Avista confirmed its 2025 consolidated guidance of $2.52 to $2.72 per diluted share, with the utilities segment tracking toward the upper end of its range and consolidated results expected near the lower end due to losses at other businesses.

Key Takeaways

  • General rate case outcomes increased electric and natural gas utility margins
  • Customer growth and non-decoupled load growth boosted electric utility margin
  • Disciplined cost management
  • Effective tax rate increased to 11% from 2% due to decreased tax customer credits
24/7 Wall St

AVA YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

AVA Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25

“Our third-quarter results demonstrate the success of our strategic execution. We continue to advance our key initiatives, including working through next steps with the promising projects shortlisted in our 2025 RFP, and developing plans for expanded service to existing industrial customers within our service territory. We are committed to the strength of our core utility as we maintain our focus on delivering reliable service, investing in our communities and creating enduring value for our shareholders.”

— Heather Rosentrater, Q3 2025 Earnings Press Release