Short answer
AVISTA CORP (AVA) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $2.0B (+1.3% year over year) and net income of $193M.
- Top risk flagged: Regulatory engagement with state utility commissions on rate policies under "Regulatory Matters" oversight by Board
FY2025 key financial metrics · XBRL
- Revenue
- $2.0B
- +1.3% YoY
- Net income
- $193M
- +7.2% YoY
- Operating margin
- 18.0%
- +2.2 pp YoY
- EPS (diluted)
- $2.38
- +3.9% YoY
- ROE
- 7.1%
- +0.2 pp YoY
- Operating cash flow
- $469M
- −12.2% YoY
Source: XBRL data from the AVISTA CORP (AVA) FY2025 10-K on SEC EDGAR. USD.
AVISTA CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Integrated utility providing electricity and natural gas with a focus on risk management and regulatory compliance
- New emphasis on Generative Artificial Intelligence (GenAI) governance to support operational efficiency and minimize legal, security, financial, and reputational risks
- Strategic risk management led by Senior VP Energy Policy and Chief Strategy Officer, integrating financial viability with adherence to core policies and customer engagement
- Energy commodity hedging extended beyond current year; collateral deposits $26M ($12M cash, $14M letters of credit) to mitigate credit risks due to price volatility
- Long-term debt $2.774B with weighted-average fixed interest rate 4.43%, variable rate debt $52M at 4.93%, highlighting interest rate risk management efforts
Management Discussion & Analysis
- Capital expenditures $17M in 2025, expected $17M (2026), $16M (2027), $11M (2028)
- Non-regulated investments $4M in 2025, expected $7M (2026), $6M (2027-2028)
- Pension contributions $10M in 2025, expected $10M annually through 2030, total $50M
- Credit ratings: S&P BBB corporate, A- senior secured; Moody’s Baa2 corporate, A3 senior secured
- No explicit revenue or profitability data disclosed; outlook focused on regulatory compliance and environmental costs recovery through ratemaking
Risk Factors
- Regulatory engagement with state utility commissions on rate policies under "Regulatory Matters" oversight by Board
- Climate change-induced wildfire risk mitigated via Wildfire Resiliency Plan and detailed vegetation management inspections
- Fuel cost and delivery constraints managed through energy resources risk policy including wholesale energy markets credit controls
- Emergency Operating Center trained to handle natural disaster outages, backed by physical and cybersecurity protections
- Operational risk oversight by Environmental, Technology and Operations Committee managing asset reliability and event recovery plans
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