Avista Corporation · NYSE:AVA
Avista — Q2 2026 Earnings Presentation
14 slides from Avista's earnings presentation, Aug 3, 2026
Slide 1: Q2 2026 Earnings
Q2 2026 Earnings August 3, 2026
Slide 2: Call Participants
Call Participants Heather Rosentrater Kevin Christie President and Chief Executive Officer Senior VP, Chief Financial Officer, Treasurer, and Regulatory Affairs Officer 2
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 Reinforces 2026 Outlook
Strong Execution Reinforces 2026 Outlook Q2 2026 Q2 2025 YTD 2026 YTD 2025 GAAP net income (in millions) $35 $14 $127 $93 GAAP consolidated diluted earnings per share $0.43 $0.17 $1.54 $1.15 Non-GAAP utility earnings per share $0.29 $0.29 $1.38 $1.30 2026 2025 $1.11 $1.01 $0.88 $1.11 $0.43 $0.98 $0.
Slide 5: Investing in the Utility of the Future
Investing in the Utility of the Future Other $800 8% Enterprise $710 Technology $680 12% $635 Transmission $615 and Natural Distribution Gas 47% 13% Generation 20% 2026 2027 2028 2029 2030 Base Capital Avista Utilities Expected Capital Spend 2026-2030 Allocation of Avista Utilities $ in millions Exp
Slide 6: Prudent Balance Sheet and Liquidity
Prudent Balance Sheet and Liquidity Consolidated capital structure Liquidity Common stock issued and expected June 30, 2026 June 30, 2026 ($ in millions) ($ in millions) Issued through 6/30/2026 $58 Equity Debt Available liquidity $258 $90M 45.6% 54.4% Letters of credit outstanding Upcoming debt mat
Slide 7: Affirming 2026 Non-GAAP Utility Earnings Guidance
Affirming 2026 Non-GAAP Utility Earnings Guidance We are affirming our non-GAAP utility earnings guidance for 2026 of $2.52 to $2.72 per diluted share. Guidance Assumptions ▪ Normal weather for the remainder of the year ▪ A negative impact from the ERM of $(0.10) per diluted share, within the 90% cu
Slide 8: Q&A
Q&A 8
Slide 9: Contact Information
Contact Information Analysts and Investors Stacey Walters Investor Relations Manager (509) 495-2046 stacey.walters@avistacorp.com Media Lena Funston External Communications Manager (509) 495-8090 lena.funston@avistacorp.com Webcast replay Archived on investor.avistacorp.com 9
Slide 10: Appendix
Appendix 10
Slide 11: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures Second Quarter Year-to-Date 2026 2025 2026 2025 Non-GAAP utility earnings and GAAP net income as reported $ 35 $ 14 $ 127 $ 93 utility earnings per diluted share exclude non-regulated Non-GAAP adjustments: other business activity, Non-regulated other business (in
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