AVISTA CORP
For the period ended Mar 31, 2026. Filed May 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 5, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2025-09-30; filed 2025-11-05.
0001193125-25-265351
Item 1A. Risk FactorsCurrent report: 10-Q
Period ended 2026-03-31; filed 2026-05-05.
0001193125-26-204658
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 4 previous paragraphs and 2 current paragraphs.
1 unchanged; 1 reworded; 0 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Removed paragraphs (2)
Previous report
Problems with the transition, design or implementation of our new enterprise resource planning system could interfere with our business and operations, and adversely affect our financial condition. We are in the process of planning for the implementation of a new enterprise resource planning system, which will take multiple years to complete. The system will be designed to accurately maintain our financial records, enhance operational functionality, and provide timely information to our management team related to business operations. The implementation will require significant financial and personnel resources. There are transitional risks associated with the implementation, which may include loss of data, difficulty compiling data for external reporting requirements, costs increasing throughout the project, or other challenges in our business operations. Difficulties faced during the transition could have a material adverse effect on our business, financial condition, and results of operations.
Previous report
Due to recent legislation and changes in public sentiment, we are providing the following enhanced discussion of risks inherent in our investments: As discussed in Note 11 of the Notes to Condensed Consolidated Financial Statements under “Equity Investments” and in Management’s Discussion and Analysis of Financial Condition and Results of Operations under “Executive Overview – Overall Results” and “Results of Operations – Other Businesses”, the fair values of our respective equity investments fluctuate from period to period, and such changes in fair value directly affect our net income. While we make these investments after prudent analysis and with the expectation of eventual financial gains, there is no assurance that these investments will ultimately be successful. However, it is likely that the value of these investments will continue to fluctuate as the businesses continue to mature, causing corresponding changes in our net income. In addition, the risks faced by these businesses differ from the risks faced by our utility operations.
Reworded paragraphs (1)
Previous wording
Refer to the 2024 Form 10-K for disclosure of risk factors that could have a significant impact on our results of operations, financial condition or cash flows and could cause actual results or outcomes to differ materially from those discussed in our reports filed with the SEC (including this Quarterly Report on Form 10-Q), and elsewhere. These risk factors have not materially changed from the disclosures provided in the 2024 Form 10-K, except for the following:
Current wording
Refer to the 2025 Form 10-K for disclosure of risk factors that could have a significant impact on our results of operations, financial condition or cash flows and could cause actual results or outcomes to differ materially from those discussed in our reports filed with the SEC (including this Quarterly Report on Form 10-Q), and elsewhere. These risk factors have not materially changed from the disclosures provided in the 2025 Form 10-K.