Avista Corporation Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Overview: The call, held following the release of Q2 2026 earnings, centered on the ongoing wildfires near Spokane, Washington, and their operational impacts. Detailed financial results for the quarter are covered in the separate earnings press release and Form 10-Q; no specific year-over-year financial metrics (such as revenue, EPS, or earnings growth) were discussed on the call itself. The company emphasized safety, infrastructure restoration, and customer support amid the crisis. Other topics included data center negotiations, the Washington rate case, wildfire mitigation, and nonregulated investment performance.

Wildfire Impact and Operational Response

  • Multiple wildfires, fueled by dry and windy conditions, have devastated the Spokane community, displacing thousands (including employees) with ongoing uncertainty and losses.
  • Avista facilities were not involved in igniting any fires. Service restored to customers affected solely by public safety power shutoffs (PSPS), but remaining outages persist due to damaged infrastructure, evacuation restrictions, and safety concerns.
  • Current outages: Approximately 7,300 of 429,000 electric customers and 5,300 of 386,000 natural gas customers without service (as of the call date).

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Operator: Good day, and welcome to the Avista Corporation Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker, Stacey Walters, Investor Relations Manager. Please go ahead. Stacey Wenz: Good morning. Thank you for joining us. Joining me today is Avista Corp. President and CEO, Heather Rosentrater, who will speak briefly in a few moments on current events. Senior Vice President, CFO, Treasurer and Regulatory Affairs Officer, Kevin Christie, is also here and will be available for questions. As I'm sure you can appreciate, we are going to focus this earnings call on the fires that occurred in Spokane over the weekend. Please refer to our earnings press release and second quarter 10-Q for information that was filed premarket this morning relating to our financial results for the quarter. You can find this information online. Heather, please go ahead. Heather Rosentrater: Thank you, Stacey. As you may have seen in our press release yesterday and the related Form 8-K filed this morning, multiple wildfires are burning near Spokane, Washington. Fueled by dry and windy conditions, these fires spread rapidly and have devastated our community. Thousands of people, including many of our employees, have been displaced and many are still facing great uncertainty. Our hearts are with everyone who has had to evacuate their homes, everyone who has suffered

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