Overview
- For 2025, the company posted consolidated EPS of $2.38 and non‑GAAP utility EPS of $2.55, with Q4 at $0.87 and $0.88 per share.
- Avista issued 2026 non‑GAAP utility EPS guidance of $2.52–$2.72 and increased its annual dividend to $1.97, targeting a 60%–70% payout.
- The capital plan calls for $585 million in 2026 and $3.4 billion through 2030, with about $230 million of 2026 debt and up to $90 million of equity financing.
- Management disclosed a data‑center customer deposit for 125 MW that could grow to 500 MW and said RFP picks include a 14 MW gas upgrade, a 100 MW battery, a 200 MW wind PPA and roughly 40 MW of demand response.
- A one‑time Colstrip adjustment reduced 2025 EPS by $0.07, though utility results landed within the original guidance range.