AVISTA CORP

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

AVA$40.21+0.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

Dollars in millions, except per share amounts

	2025	2024	2023
Operating Revenues:
Utility revenues:
Utility revenues, exclusive of alternative revenue programs	$1,940	$1,902	$1,746
Alternative revenue programs	23	35	5
Total utility revenues	1,963	1,937	1,751
Non-utility revenues	1	1	1
Total operating revenues	1,964	1,938	1,752
Operating Expenses:
Utility operating expenses:
Resource costs	691	798	702
Other operating expenses	504	442	414
Depreciation and amortization	289	274	265
Taxes other than income taxes	121	116	110
Non-utility operating expenses	5	2	3
Total operating expenses	1,610	1,632	1,494
Income from operations	354	306	258
Interest expense	152	147	141
Interest expense to affiliated trusts	2	3	3
Capitalized interest	(6)	(5)	(4)
Other income-net	(11)	(22)	(19)
Income before income taxes	217	183	137
Income tax expense (benefit)	24	3	(34)
Net income	$193	$180	$171
Weighted-average common shares outstanding (thousands), basic	80,975	78,725	76,396
Weighted-average common shares outstanding (thousands), diluted	81,051	78,820	76,495
Earnings per common share:
Basic	$2.38	$2.29	$2.24
Diluted	$2.38	$2.29	$2.24

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.