v3.26.1
Information by Business Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Business Segments

The following table presents information for each of the Company’s business segments (dollars in millions):

 

 

Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avista
Utilities

 

 

Alaska
Electric
Light and
Power
Company

 

 

Total Utility

 

 

Other Non-Reportable Segment Items

 

 

Eliminations (1)

 

 

Total

 

For the three months ended June 30, 2026:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

401

 

 

$

12

 

 

$

413

 

 

$

—

 

 

$

—

 

 

$

413

 

Resource costs

 

 

125

 

 

 

2

 

 

 

127

 

 

 

—

 

 

 

—

 

 

 

127

 

Other operating expenses

 

 

132

 

 

 

4

 

 

 

136

 

 

 

1

 

 

 

—

 

 

 

137

 

Depreciation and amortization

 

 

65

 

 

 

3

 

 

 

68

 

 

 

—

 

 

 

—

 

 

 

68

 

Interest income

 

 

3

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

(1

)

 

 

2

 

Interest expense (2)

 

 

40

 

 

 

1

 

 

 

41

 

 

 

—

 

 

 

(1

)

 

 

40

 

Other segment expenses (3)

 

 

17

 

 

 

1

 

 

 

18

 

 

 

5

 

 

 

—

 

 

 

23

 

Income tax expense

 

 

3

 

 

 

—

 

 

 

3

 

 

 

3

 

 

 

—

 

 

 

6

 

Equity method earnings

 

 

—

 

 

 

—

 

 

 

—

 

 

 

21

 

 

 

—

 

 

 

21

 

Net income

 

 

22

 

 

 

1

 

 

 

23

 

 

 

12

 

 

 

—

 

 

 

35

 

Capital expenditures (4)

 

 

167

 

 

 

9

 

 

 

176

 

 

 

—

 

 

 

—

 

 

 

176

 

For the three months ended June 30, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

400

 

 

$

11

 

 

$

411

 

 

$

—

 

 

$

—

 

 

$

411

 

Resource costs

 

 

129

 

 

 

1

 

 

 

130

 

 

 

—

 

 

 

—

 

 

 

130

 

Other operating expenses

 

 

120

 

 

 

4

 

 

 

124

 

 

 

—

 

 

 

—

 

 

 

124

 

Depreciation and amortization

 

 

69

 

 

 

3

 

 

 

72

 

 

 

—

 

 

 

—

 

 

 

72

 

Interest income

 

 

3

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

—

 

 

 

3

 

Interest expense (2)

 

 

35

 

 

 

1

 

 

 

36

 

 

 

1

 

 

 

—

 

 

 

37

 

Other segment expenses (3)

 

 

24

 

 

 

1

 

 

 

25

 

 

 

3

 

 

 

—

 

 

 

28

 

Income tax expense (benefit)

 

 

3

 

 

 

—

 

 

 

3

 

 

 

(2

)

 

 

—

 

 

 

1

 

Equity method losses

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(8

)

 

 

 

 

 

(8

)

Net income (loss)

 

 

23

 

 

 

1

 

 

 

24

 

 

 

(10

)

 

 

—

 

 

 

14

 

Capital expenditures (4)

 

 

136

 

 

 

7

 

 

 

143

 

 

 

—

 

 

 

—

 

 

 

143

 

For the six months ended June 30, 2026:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

956

 

 

$

27

 

 

$

983

 

 

$

—

 

 

$

—

 

 

$

983

 

Resource costs

 

 

331

 

 

 

2

 

 

 

333

 

 

 

—

 

 

 

—

 

 

 

333

 

Other operating expenses

 

 

255

 

 

 

9

 

 

 

264

 

 

 

1

 

 

 

—

 

 

 

265

 

Depreciation and amortization

 

 

129

 

 

 

6

 

 

 

135

 

 

 

—

 

 

 

—

 

 

 

135

 

Interest income

 

 

7

 

 

 

—

 

 

 

7

 

 

 

—

 

 

 

(1

)

 

 

6

 

Interest expense (2)

 

 

77

 

 

 

3

 

 

 

80

 

 

 

1

 

 

 

(1

)

 

 

80

 

Other segment expenses (3)

 

 

48

 

 

 

—

 

 

 

48

 

 

 

5

 

 

 

—

 

 

 

53

 

Income tax expense

 

 

14

 

 

 

2

 

 

 

16

 

 

 

3

 

 

 

—

 

 

 

19

 

Equity method earnings

 

 

—

 

 

 

—

 

 

 

—

 

 

 

23

 

 

 

—

 

 

 

23

 

Net income

 

 

109

 

 

 

5

 

 

 

114

 

 

 

13

 

 

 

—

 

 

 

127

 

Capital expenditures (4)

 

 

314

 

 

 

12

 

 

 

326

 

 

 

—

 

 

 

—

 

 

 

326

 

For the six months ended June 30, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

1,004

 

 

$

24

 

 

$

1,028

 

 

$

—

 

 

$

—

 

 

$

1,028

 

Resource costs

 

 

385

 

 

 

1

 

 

 

386

 

 

 

—

 

 

 

—

 

 

 

386

 

Other operating expenses

 

 

244

 

 

 

8

 

 

 

252

 

 

 

1

 

 

 

—

 

 

 

253

 

Depreciation and amortization

 

 

137

 

 

 

6

 

 

 

143

 

 

 

—

 

 

 

—

 

 

 

143

 

Interest income

 

 

6

 

 

 

—

 

 

 

6

 

 

 

—

 

 

 

(1

)

 

 

5

 

Interest expense (2)

 

 

72

 

 

 

3

 

 

 

75

 

 

 

2

 

 

 

(1

)

 

 

76

 

Other segment expenses (3)

 

 

57

 

 

 

—

 

 

 

57

 

 

 

1

 

 

 

—

 

 

 

58

 

Income tax expense (benefit)

 

 

14

 

 

 

2

 

 

 

16

 

 

 

(3

)

 

 

—

 

 

 

13

 

Equity method losses

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(11

)

 

 

—

 

 

 

(11

)

Net income (loss)

 

 

101

 

 

 

4

 

 

 

105

 

 

 

(12

)

 

 

—

 

 

 

93

 

Capital expenditures (4)

 

 

236

 

 

 

10

 

 

 

246

 

 

 

—

 

 

 

—

 

 

 

246

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2026:

 

$

8,076

 

 

$

292

 

 

$

8,368

 

 

$

193

 

 

$

(26

)

 

$

8,535

 

As of December 31, 2025:

 

$

7,917

 

 

$

289

 

 

$

8,206

 

 

$

177

 

 

$

(24

)

 

$

8,359

 
(1)
Intersegment eliminations reported as interest expense represent intercompany interest.
(2)
Including interest expense to affiliated trusts.
(3)
Other segment items include taxes other than income tax, AFUDC equity, and other miscellaneous expenses.
(4)
The capital expenditures for the other businesses are included in other investing activities on the Condensed Consolidated Statements of Cash Flows.