SPOKANE, Wash., Aug. 03, 2026 (GLOBE NEWSWIRE) — Avista Corp. (NYSE: AVA) informó los resultados del segundo trimestre y de los seis meses finalizados el 30 de junio de 2026, con un aumento de la utilidad neta frente a los períodos correspondientes de 2025. La compañía también confirmó su rango de guía de ganancias de servicios públicos no GAAP para 2026 de $2.52 a $2.72 por acción diluida.

Comentario del CEO

"Strong execution of our operational priorities and disciplined cost management reinforce confidence in our outlook and long-term strategy. Results for the quarter also benefited from the recovery of non-utility investment losses recognized in 2025. By maintaining a balanced approach to investments in our system and affordability, we continue to position the company to deliver value for both our customers and shareholders," dijo Heather Rosentrater, President and CEO de Avista.

Análisis de las ganancias GAAP de 2026

La utilidad neta de los tres y seis meses finalizados el 30 de junio de 2026 aumentó en comparación con los mismos períodos de 2025, impulsada principalmente por el desempeño de las inversiones en los otros negocios de la compañía. Avista registró ganancias netas por inversiones en 2026, frente a pérdidas netas por inversiones en 2025. En el período de seis meses, la utilidad neta también se vio favorecida por los efectos de los casos tarifarios generales.

Avista señaló que no puede proporcionar guía de ganancias GAAP ni una conciliación cuantitativa de las ganancias de servicios públicos no GAAP prospectivas sin un esfuerzo irrazonable, ya que ciertos elementos de conciliación —en particular las ganancias y pérdidas por inversiones— no pueden estimarse de manera confiable.

Análisis de las ganancias de servicios públicos no GAAP de 2026

La compañía detalló los factores después de impuestos que contribuyeron a los cambios en las ganancias de servicios públicos no GAAP en comparación con los mismos períodos de 2025. El impacto fiscal de cada partida se calculó usando la tasa impositiva federal estatutaria de Avista de 21 percent.

• Los ingresos eléctricos disminuyeron en el acumulado del año debido a menores ingresos mayoristas, la eliminación de ingresos vinculados a la recuperación de costos de Colstrip y menores volúmenes de ventas industriales tras la salida de un gran cliente industrial. Colstrip es una central eléctrica a carbón en Montana, cuyos intereses de propiedad han estado sujetos a acuerdos de retiro gradual entre varias empresas de servicios públicos del noroeste del Pacífico. Avista completó su salida de Colstrip en 2026, lo que marcó un paso relevante en la transición de su portafolio de recursos. Estas caídas de ingresos se compensaron parcialmente con los efectos de los casos tarifarios generales.
• Los ingresos por gas natural disminuyeron en el acumulado del año debido a los ajustes por gas adquirido (PGAs) y a ingresos relacionados con la Climate Commitment Act (CCA), con las correspondientes reducciones en los costos de recursos de gas natural. La CCA de Washington, un programa estatal de límites e inversión que entró en vigor en 2023, ha introducido costos de cumplimiento para las empresas de gas natural que operan en el estado.
• Los costos de recursos eléctricos bajaron por menores costos de combustible, coherentes con una menor generación térmica, así como por menores gastos reconocidos bajo el Energy Recovery Mechanism (ERM), un mecanismo regulatorio que permite a Avista diferir o recuperar diferencias entre los costos reales y proyectados de suministro de energía. El ERM produjo un gasto antes de impuestos de $6 million en el segundo trimestre de 2026, frente a $1 million en el segundo trimestre de 2025. En el primer semestre de 2026, el gasto por ERM fue de $7 million, frente a $9 million en el mismo período del año anterior.
• Los costos de recursos de gas natural disminuyeron por menores volúmenes comprados, menores diferimientos netos y amortizaciones de costos previamente diferidos bajo los PGAs, así como por menores costos asociados con la CCA.
• Los otros gastos operativos aumentaron, principalmente por mayores salarios y costos de beneficios para empleados, compensados parcialmente por la eliminación de costos relacionados con Colstrip.
• La depreciación y amortización disminuyó, principalmente por la salida de Colstrip en 2026, compensada parcialmente por adiciones a plantas.
• Otros factores que aumentaron las ganancias incluyeron mayores ingresos por intereses frente al año anterior y menores impuestos distintos del impuesto sobre la renta.
• La tasa impositiva efectiva en la primera mitad de 2026 fue de 12%, frente a 14% en el mismo período de 2025.

Ingresos de otros negocios no regulados

Los ingresos de otros negocios no regulados fueron de $13 million en la primera mitad de 2026, frente a pérdidas de $12 million en la primera mitad de 2025. La variación se relacionó principalmente con ganancias netas por inversiones en el segundo trimestre de 2026 provenientes de inversiones contabilizadas por el método de participación, frente a pérdidas netas por inversiones en el segundo trimestre de 2025.

En junio de 2026, una inversión subyacente mantenida por uno de los fondos en los que Avista participa completó una oferta pública inicial y ahora cotiza en bolsa. La compañía estima que su parte del aumento en el valor razonable asociado con esta inversión subyacente en el segundo trimestre de 2026 fue de $17 million, que reconocerá en el tercer trimestre debido a un desfase de un trimestre en el registro de esta participación. Aunque los resultados reales del cuarto trimestre reflejarán el valor razonable al 30 de septiembre, la compañía estima una pérdida de $13 million basada en el valor razonable de la inversión subyacente al 31 de julio. Reconocerá cambios en la valoración de otras inversiones mantenidas, según corresponda.

Liquidez y recursos de capital

Al 30 de junio de 2026, Avista contaba con $199 million de liquidez disponible bajo su línea de crédito comprometida y $59 million de liquidez disponible bajo su facilidad de cartas de crédito.

La compañía espera emitir hasta $90 million en acciones ordinarias en 2026, incluidos $58 million emitidos en la primera mitad del año.

También espera emitir $230 million de deuda a largo plazo durante 2026 (incluidos $160 million emitidos en la primera mitad). Debido al aumento de diferimientos regulatorios y al retraso en la recuperación, Avista está evaluando la necesidad de hasta $100 million en liquidez adicional de corto plazo al cierre del cuarto trimestre de 2026.

Los gastos de capital de Avista Utilities totalizaron $314 million en la primera mitad de 2026.

Para Avista Utilities, esperamos gastos de capital base de la siguiente manera hasta 2030 (dollars in millions):

Estas estimaciones incluyen los gastos de los proyectos seleccionados mediante nuestra solicitud de propuestas de 2025. Estas estimaciones no incluyen proyectos incrementales de transmisión, como la expansión regional de la red, ni generación adicional. También se excluyen los posibles gastos de capital adicionales asociados con la integración de nuevos clientes de gran carga, si los hubiera.

Guía y perspectivas de ganancias de servicios públicos para 2026

Avista Corp. confirma su guía de ganancias de servicios públicos no GAAP para 2026, con un rango de $2.52 a $2.72 por acción diluida.

Esta guía de ganancias de servicios públicos no GAAP se basa en los siguientes supuestos:

Normal weather for the remainder of the year

A negative impact from the ERM of ($0.10) cents per diluted share within the 90% customer, 10% company sharing band

An effective tax rate of 12 percent

Capital expenditures of $615 million for the year

A largo plazo, esperamos que las ganancias de servicios públicos no GAAP crezcan entre 4% y 6% desde el punto medio de nuestra guía de ganancias de 2025.

Nuestra guía no incluye el efecto de partidas inusuales o no recurrentes hasta que sus efectos sean probables. Varios factores podrían hacer que los resultados reales difieran materialmente de nuestras expectativas. Consulte nuestro Form 10-K de 2025, nuestro Form 10-Q del segundo trimestre de 2026 y las declaraciones de advertencia a continuación para un análisis completo de estos factores.

Medidas financieras no GAAP

Este comunicado de prensa incluye medidas financieras no GAAP, incluidas las ganancias de servicios públicos y las ganancias de servicios públicos por acción diluida. Presentamos estas medidas no GAAP para facilitar una evaluación significativa de nuestro desempeño operativo entre períodos, y las utilizamos para evaluar el desempeño actual y proyectado, así como para la comunicación con accionistas, analistas e inversionistas. Las medidas no GAAP son información complementaria que debe considerarse además de, pero no en sustitución de, la información preparada de acuerdo con GAAP.

Las ganancias de servicios públicos no GAAP y las ganancias de servicios públicos por acción diluida excluyen la actividad de otros negocios no regulados, compuesta principalmente por ganancias y pérdidas de inversiones realizadas y no realizadas. La presentación de las ganancias de servicios públicos tiene como objetivo mejorar la comprensión del desempeño operativo específico de la empresa en su negocio de servicios públicos.

La siguiente tabla concilia la utilidad neta GAAP con las ganancias de servicios públicos no GAAP, y las ganancias GAAP por acción diluida con las ganancias de servicios públicos no GAAP por acción diluida para los tres y seis meses finalizados el 30 de junio (dollars in millions, except per share amounts):

NOTA: Realizaremos una conferencia telefónica con analistas financieros e inversionistas el 3 de agosto de 2026 a las 10:30 a.m. ET para analizar este comunicado de prensa. Se puede acceder a la llamada en el sitio web de Avista en investor.avistacorp.com . Debe registrarse para la llamada a través del enlace en el sitio web de Avista ( investor.avistacorp.com ) para acceder a los detalles de acceso de la transmisión web. Una repetición de la transmisión web estará disponible durante un año en el sitio web de Avista Corp. en investor.avistacorp.com .

Avista Corp. es una empresa de energía involucrada en la producción, transmisión y distribución de energía, así como en otros negocios relacionados con la energía. Avista Utilities es nuestra división operativa que brinda servicio eléctrico a aproximadamente 429,000 clientes y gas natural a 386,000 clientes. Nuestro territorio de servicio abarca 34,000 square miles en el este de Washington, el norte de Idaho y partes del sur y este de Oregon, con una población de 1.5 million. AERC es una subsidiaria de Avista que, a través de su subsidiaria AEL&P, presta servicio eléctrico minorista a 18,000 clientes en la ciudad y borough de Juneau, Alaska. Nuestras acciones cotizan bajo el símbolo bursátil “AVA”. Para obtener más información sobre Avista, visite avistacorp.com .

Avista Corp. y el logotipo de Avista Corp. son marcas registradas de Avista Corporation.

Este comunicado de prensa contiene declaraciones prospectivas, incluidas declaraciones sobre nuestras expectativas actuales respecto al desempeño financiero y los flujos de efectivo futuros, los gastos de capital, los planes de financiamiento, nuestros planes u objetivos actuales para operaciones futuras y otros factores que podrían afectar a la compañía en el futuro. Dichas declaraciones están sujetas a una variedad de riesgos, incertidumbres y otros factores, la mayoría de los cuales están fuera de nuestro control y muchos de los cuales podrían tener un impacto significativo en nuestras operaciones, resultados de operaciones, situación financiera o flujos de efectivo, y podrían hacer que los resultados reales difieran materialmente de los anticipados en dichas declaraciones.

Los siguientes son algunos de los factores importantes que podrían hacer que los resultados reales difieran materialmente de las declaraciones prospectivas:

Utility Regulatory Risk

state and federal regulatory decisions or related judicial decisions that affect our ability to recover costs and earn a reasonable return, including, but not limited to, disallowance or delay in the recovery of capital investments, operating costs, commodity costs, the ordering of refunds to customers and discretion over allowed return on investment; the loss of regulatory accounting treatment, which could require the write-off of regulatory assets and the loss of regulatory deferral and recovery mechanisms;

Operational Risk

weather conditions, which affect both energy demand and electric generating capability, including the impact of precipitation and temperature on hydroelectric resources, the impact of wind patterns on wind-generated power, weather-sensitive customer demand, and similar impacts on supply and demand in the wholesale energy markets; wildfires ignited, or allegedly ignited, by our equipment or facilities could cause significant loss of life and property or result in liability for resulting fire suppression costs and/or damages, thereby causing serious operational, reputational and financial harm; severe weather or natural disasters, including, but not limited to, avalanches, wind storms, wildfires, earthquakes, floods, extreme temperature events, snow and ice storms that could disrupt energy generation, transmission and distribution, as well as the availability and costs of fuel, materials, equipment, supplies and support services; political unrest and/or conflicts between foreign nation-states, which could disrupt the global, national and local economy, result in increases in operating and capital costs, impact energy commodity prices or our ability to access energy resources, create disruption in supply chains, disrupt, weaken or create volatility in capital markets, and increase cyber and physical security risks. In addition, any of these factors could negatively impact our liquidity and limit our access to capital, among other implications; explosions, fires, accidents, mechanical breakdowns or other incidents that could impair assets and may disrupt operations of our generation facilities, transmission, and electric and natural gas distribution systems or other operations and may require us to purchase replacement power or incur costs to repair our facilities; interruptions in the delivery of natural gas by our suppliers, including physical problems with pipelines themselves, can disrupt our service of natural gas to our customers and/or impair our ability to operate gas-fired electric generating facilities; explosions, fires, accidents or other incidents arising from or allegedly arising from our operations that could cause injuries to the public or property damage; dam failure at a company-owned hydroelectric facility; blackouts or disruptions of interconnected transmission systems (the regional power grid); terrorist attacks, cyberattacks or other malicious acts that could disrupt or cause damage to our utility assets or to the national or regional economy in general, including effects of terrorism, cyberattacks, ransomware, or vandalism that damage or disrupt information technology systems; pandemics, which could disrupt our business, as well as the global, national and local economy, resulting in a decline in customer demand, deterioration in the creditworthiness of our customers, increases in operating and capital costs, workforce shortages, losses or disruptions in our workforce due to vaccine mandates, delays in capital projects, disruption in supply chains, and disruption, weakness and volatility in capital markets. In addition, any of these factors could negatively impact our liquidity and limit our access to capital, among other implications; work-force issues, including changes in collective bargaining unit agreements, strikes, work stoppages, the loss of key executives, availability of workers in a variety of skill areas, and our ability to recruit and retain employees; changes in the availability and price of purchased power, fuel and natural gas, as well as transmission capacity; increasing costs of insurance, more restrictive coverage terms and our ability to obtain insurance; delays or changes in construction costs, and/or our ability to obtain required permits and materials for present or prospective facilities; increasing health care costs and cost of health insurance provided to our employees and retirees; increasing operating costs, including effects of inflationary pressures; third party construction of buildings, billboard signs, towers or other structures within our rights of way, or placement of fuel containers within close proximity to our transformers or other equipment, including overbuilding atop natural gas distribution lines; the loss of key suppliers for materials or services or other disruptions to the supply chain; adverse impacts to our Alaska electric utility (AEL&P) that could result from an extended outage of its hydroelectric generating resources or their inability to deliver energy, due to their lack of interconnectivity to other electrical grids and the availability or cost of replacement power (diesel); changing river or reservoir regulation or operations at hydroelectric facilities not owned by us, which could impact our hydroelectric facilities downstream; 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 costs of fuel, materials, equipment, supplies and support services; change in the use, availability or abundancy of water resources and/or rights needed for operation of our hydroelectric facilities, including impacts resulting from climate change; changes in the long-term climate and weather could materially affect, among other things, customer demand, the volume and timing of streamflows required for hydroelectric generation, costs of generation, transmission and distribution. Increased or new risks may arise from severe weather or natural disasters, including wildfires as well as their increased occurrence and intensity related to changes in climate; Cybersecurity Risk cyberattacks on the operating systems used in the operation of our electric generation, transmission and distribution facilities and our natural gas distribution facilities, and cyberattacks on such systems of other energy companies with which we are interconnected, which could damage or destroy facilities or systems or disrupt operations for extended periods of time and result in the incurrence of liabilities and costs; cyberattacks on the administrative systems used in the administration of our business, including customer billing and customer service, accounting, communications, compliance and other administrative functions, and cyberattacks on such systems of our vendors and other companies with which we do business, resulting in the disruption of business operations, the release of private information and the incurrence of liabilities and costs; Technology Risk changes in technologies, possibly making some of the current technology we utilize obsolete or introducing new cybersecurity risks and other new risks inherent in the use, by either us or our counterparties, of new technologies in the developmental stage including, without limitation, generative artificial intelligence; changes in the use, perception, or regulation of generative artificial intelligence technologies, which could limit our ability to utilize such technology, create risk of enhanced regulatory scrutiny, generate uncertainty around intellectual property ownership, licensing or use, or which could otherwise result in risk of damage to our business, reputation or financial results; changes in costs that impede our ability to implement new information technology systems or to operate and maintain current production technology; insufficient technology skills, which could lead to the inability to develop, modify or maintain our information systems; Strategic Risk growth or decline of our customer base due to new uses for our services or decline in existing services, including, but not limited to, the effect of the trend toward distributed generation at customer sites; the potential effects of negative publicity regarding our business practices, whether true or not, which could hurt our reputation and result in litigation or a decline in our common stock price; changes in our strategic business plans, which could be affected by any or all of the foregoing, including the entry into new businesses and/or the exit from existing businesses and the extent of our business development efforts where potential future business is uncertain; wholesale and retail competition including alternative energy sources, growth in customer-owned power resource technologies that displace utility-supplied energy or may be sold back to the utility, and alternative energy suppliers and delivery arrangements; non-regulated activities may increase earnings volatility and result in investment losses; the risk of municipalization or other forms of service territory reduction; External Mandates Risk changes in environmental laws, regulations, decisions and policies, including, but not limited to, regulatory responses to concerns regarding climate change, efforts to restore anadromous fish in areas currently blocked by dams, more stringent requirements related to air quality, water quality and waste management, present and potential environmental remediation costs and our compliance with these matters; the potential effects of initiatives, legislation or administrative rulemaking at the federal, state or local levels, including possible effects on our generating resources, prohibitions or restrictions on new or existing services, or restrictions on greenhouse gas emissions to mitigate concerns over climate changes, including future limitations on the usage and distribution of natural gas; restrictions or changes in government grant programs and/or availability of other public funding used for capital projects; political pressures or regulatory practices that could constrain or place additional cost burdens on our distribution systems through accelerated adoption of distributed generation or electric-powered transportation or on our energy supply sources, such as campaigns to halt fossil fuel-fired power generation and opposition to other thermal generation, wind turbines or hydroelectric facilities; failure to identify changes in legislation, taxation and regulatory issues that could be detrimental or beneficial to our overall business; policy and/or legislative changes in various regulated areas, including, but not limited to, environmental regulation, healthcare regulations and import/export regulations; increasing costs due to potential tariffs applied to energy commodities and/or equipment and materials;

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 ratings, interest rates, other capital market conditions and global economic conditions; changes in interest rates that affect borrowing costs, variable interest rate borrowing and the extent to which we recover interest costs through retail rates collected from customers; volatility in energy commodity markets that affects our ability to effectively hedge energy commodity risks, including cash flow impacts and requirements for collateral; volatility in the carbon emissions allowances market that could result in increased compliance costs; changes in actuarial assumptions, interest rates and the actual return on plan assets for our pension and other postretirement benefit plans, which could affect future funding obligations, pension and other postretirement benefit expense and the related liabilities; the outcome of legal proceedings and other contingencies; economic conditions in our service areas, including the economy's effects on customer demand for utility services; economic conditions nationally may affect the valuation of our unregulated portfolio companies; declining electricity demand related to customer energy efficiency, conservation measures and/or increased distributed generation and declining natural gas demand related to customer energy efficiency, conservation measures and/or increased electrification; industry and geographic concentrations which could increase our exposure to credit risks due to counterparties, suppliers and customers being similarly affected by changing conditions; deterioration in the creditworthiness of our customers; activist shareholders may result in additional costs and resources required in response to activist actions; Energy Commodity Risk volatility and illiquidity in wholesale energy markets, including exchanges, the availability of willing buyers and sellers, changes in wholesale energy prices that could affect operating income, cash requirements to purchase electricity and natural gas, value received for wholesale sales, collateral required of us by individual counterparties and/or exchanges in wholesale energy transactions and credit risk from such transactions, and the market value of derivative assets and liabilities; default or nonperformance on the part of parties from whom we purchase and/or sell capacity or energy; potential environmental regulations or lawsuits affecting our ability to utilize or resulting in the obsolescence of our power supply resources; explosions, fires, accidents, pipeline ruptures or other incidents that could limit energy supply to our facilities or our surrounding territory, which could result in a shortage of commodities in the market that could increase the cost of replacement commodities from other sources; Compliance Risk changes in laws, regulations, decisions and policies at the federal, state or local levels, which could impact both our electric and gas operations and costs of operations; the ability to comply with the terms of the licenses and permits for our hydroelectric or thermal generating facilities at cost-effective levels; Resource Adequacy Risk the ability to source and deliver adequate energy to meet customer demand in periods of high demand or unplanned events; and the potential effects of regional wholesale market strains, including during extreme weather events. For a further discussion of these factors and other important factors, please refer to our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. The forward-looking statements contained in this news release speak only as of the date hereof. We undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances that occur after the date on which such statement is made or to reflect the occurrence of unanticipated events. New risks, uncertainties and other factors emerge from time to time, and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on our business or the extent to which any such factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. To unsubscribe from Avista’s news release distribution, send reply message to [email protected] . Issued by: Avista Corporation Contact: Investors: Stacey Walters (509) 495-2046 [email protected] Media: Lena Funston (509) 495-8090 [email protected] Avista 24/7 Media Access (509) 495-4174