Avista Corporation · NYSE:AVA
Avista — Q3 2026 Earnings Presentation
14 slides from Avista's earnings presentation, Nov 4, 2026
Slide 1: Q3 2026 Earnings
November 4, 2026 Q3 2026 Earnings
Slide 2: Call Participants
Call Participants Heather Rosentrater President and Chief Executive Officer Kevin Christie Senior VP, Chief Financial Officer, Treasurer, and Chief Strategy Officer
Slide 3: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements, including statements regarding our current expectations for future financial performance and cash flows, capital expenditures, financing plans, our current plans or objectives for future operations and other factors th
Slide 4: Strong execution and effective cost management reinforce earnings expectations
Strong execution and effective cost management reinforce earnings expectations On track to meet midpoint of 2026 non-GAAP utility earnings guidance Consolidated earnings reflect recovery of non-utility investment losses recognized in 2025 Execution Continues to Reinforce 2026 Outlook The chart above
Slide 5: Investing in the Utility of the Future
Investing in the Utility of the Future Avista Utilities Expected Capital Spend 2027-2031 Allocation of Avista Utilities Expected Base Capital Spend 2027-2031 $ in millions These estimates include expenditures for the projects selected through our 2025 request for proposal. We continue to evaluate in
Slide 6: Prudent Balance Sheet and Liquidity
Prudent Balance Sheet and Liquidity Maturities beyond 2040 not shown. LONG TERM DEBT ISSUED 2026 230M Up to $15M additional $90M 3-year issued 5/2026 $70M 30-year issued 5/2026 $70M 30-year issued 8/2026
Slide 7: Affirming 2026 Non-GAAP Utility Earnings Guidance
Affirming 2026 Non-GAAP Utility Earnings Guidance Guidance Assumptions Normal weather for the remainder of the year A negative impact from the ERM of $(0.09) per diluted share, within the 90% customer / 10% company sharing band Effective tax rate of 12% Capital expenditures of $615 million for the y
Slide 8: Q&A
Slide 9: Contact Information
Contact Information Analysts and Investors Stacey Walters Investor Relations Manager (509) 495-2046 [email protected] Media Lena Funston External Communications Manager (509) 495-8090 [email protected] Webcast replay Archived on investor.avistacorp.com
Slide 10: Appendix
Appendix
Slide 11: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Non-GAAP utility earnings and utility earnings per diluted share exclude non-regulated other business activity, primarily consisting of investment gains and losses. The presentation of utility earnings is intended to enhance the understanding of the Company's util
Slide 12: Risks, Uncertainties and Other Factors That Could Affect Future Results
Risks, Uncertainties and Other Factors That Could Affect Future Results Forward-looking statements are subject to a variety of risks, uncertainties and other factors, most of which are beyond our control and many of which could have significant impact on our operations, results of operations, financ
Slide 13: Risks, Uncertainties and Other Factors That Could Affect Future Results
Risks, Uncertainties and Other Factors That Could Affect Future Results Climate Change Risk increasing frequency and intensity of severe weather or natural disasters resulting from climate change that could disrupt energy generation, transmission and distribution, as well as the availability and cos
Slide 14: Risks, Uncertainties and Other Factors That Could Affect Future Results
Risks, Uncertainties and Other Factors That Could Affect Future Results Financial Risk our ability to obtain financing through the issuance of debt and/or equity securities and access to our funds held with financial institutions, which could be affected by various factors including our credit ratin