Avista (AVA) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 5, 2026 astatine 10:36 AM CDT 17 min read

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DATE

Tuesday, May 5, 2026 astatine 10:30 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Heather Lynn Rosentrater

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

• Director, Investor Relations — Stacey Walters

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Full Conference Call Transcript

Stacey Walters: Thank you, and bully morning. Thank you each for joining america for Avista Corporation’s archetypal 4th 2026 net league call. Our net and archetypal 4th Form 10-Q were released pre-market this morning. You tin find some documents and this presumption connected our website. Joining maine contiguous are Avista Corporation President and CEO, Heather Lynn Rosentrater, and Senior Vice President, CFO, Treasurer, and Regulatory Affairs, Kevin J. 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 the expectations we sermon successful today’s call.

Please notation to our Form 10-K for 2025 and our Form 10-Q for 2026 for a afloat treatment of these hazard factors. Both are disposable connected our website. On this call, we volition besides sermon non-GAAP inferior earnings. Our archetypal 4th 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.

Discussion of non-GAAP inferior results and net guidance reflects management’s absorption connected the halfway inferior business. And now, fto maine crook it implicit to Kevin for a recap of the fiscal results presented successful today’s property release.

Kevin J. Christie: Thank you, Stacey. Our consolidated archetypal 4th 2026 net were $1.11 per diluted stock compared to $0.98 successful 2025. Our archetypal 4th 2026 non-GAAP inferior net were $1.10 per diluted stock compared to $1.10 per diluted stock successful 2025. Now I volition crook the telephone implicit to Heather.

Heather Lynn Rosentrater: Thank you, Stacey. It is hard to judge the archetypal 4th is already down us. The twelvemonth began with existent momentum and the gait of enactment crossed our concern has lone accelerated. In a abbreviated magnitude of time, we person taken meaningful steps to fortify reliability and resilience, determination guardant with our maturation opportunities, and proceed delivering worth for our customers and shareholders. We proceed to beforehand important grid hardening work, prosecute load maturation opportunities, and enactment assets adequacy for our customers into the future, each of which lend to the semipermanent spot of our utility. Our ongoing concern successful grid hardening and resilience, including vegetation management, is helping to forestall outages that tin hap periodically during inclement weather.