Avista Corp. Reports Q3 2026 Financial Results, Confirms 2026 Utility Earnings Guidance

(NYSE: AVA) Avista Corp. reported GAAP net income of $49 million for the third quarter of 2026, compared to $29 million in the third quarter of 2025, and $176 million for the nine months ended September 30, 2026, compared to $122 million for the same period in 2025. GAAP earnings per diluted share were $0.57 for the third quarter of 2026 and $0.36 for the third quarter of 2025, and $2.11 for the nine months ended September 30, 2026, compared to $1.51 for the same period in 2025. Non-GAAP utility earnings were $33 million for the third quarter of 2026 and $30 million for the third quarter of 2025, and $147 million for the nine months ended September 30, 2026, compared to $135 million for the same period in 2025. Non-GAAP utility earnings per diluted share were $0.38 for the third quarter of 2026 and $0.37 for the third quarter of 2025, and $1.76 for the nine months ended September 30, 2026, compared to $1.67 for the same period in 2025. Avista Corp. confirmed its 2026 non-GAAP utility earnings guidance with a range of $2.52 to $2.72 per diluted share. CEO Heather Rosentrater stated that utility earnings for the third quarter remain on track for the year and the company continues to expect to be at the midpoint of its non-GAAP utility earnings guidance for 2026. Net income increased primarily due to investment performance at other businesses, with year-to-date net investment gains in 2026 compared to net investment losses in 2025, and impacts from general rate cases. The ERM resulted in a $10 million pre-tax expense for the first three quarters of 2026, compared to a $13 million pre-tax expense in the same period in 2025. Income at non-regulated other businesses was $29 million in the first three quarters of 2026, compared to losses of $13 million in the first three quarters of 2025, primarily due to net investment gains from equity method investments. As of September 30, 2026, Avista Corp. had $168 million of available liquidity under its committed line of credit and $57 million under its letter of credit facility. The company expects to issue up to $15 million of additional common stock in 2026 and up to $110 million in 2027, having already issued $58 million of common stock and $230 million of long-term debt in the first three quarters of 2026. No further long-term debt issuances are expected in 2026, but a short-term loan of up to $100 million is planned by the end of the fourth quarter of 2026 due to increased regulatory deferrals and delayed recovery. In 2027, Avista expects to issue approximately $220 million of long-term debt. Avista Utilities' capital expenditures were $496 million in the first three quarters of 2026. Expected base annual capital expenditures for Avista Utilities are $615 million in 2026, $635 million in 2027, $800 million in 2028, $680 million in 2029, $710 million in 2030, and $750 million in 2031. The 2026 non-GAAP utility earnings guidance is based on assumptions including normal weather, a negative ERM impact of ($0.09) per diluted share, an effective tax rate of 12 percent, and capital expenditures of $615 million for the year. Over the long term, Avista expects non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of its 2025 earnings guidance. Avista Utilities provides electric service to approximately 430,000 customers and natural gas to 385,000 customers. AEL&P, a subsidiary of AERC, provides retail electric service to 18,000 customers in Juneau, Alaska.

Avista Corp. Third Quarter 2026 Earnings Conference Call and Webcast Announced

(NYSE:AVA) Avista Corp. announced it will hold its quarterly conference call and webcast to discuss third quarter 2026 results on Wednesday, Nov. 4, 2026, at 10:30 a.m. Eastern Daylight Time. The company will issue a news release with third quarter 2026 earnings information at 7:05 a.m. Eastern Daylight Time on Nov. 4, 2026. The call can be accessed on Avista’s website at investor.avistacorp.com, and pre-registration is required via the Presentations and Events link. A replay of the webcast will be available for one year on the Avista Corp. website. Avista Corp. is an energy company involved in the production, transmission, and distribution of energy as well as other energy-related businesses. Avista Utilities, the operating division, provides electric service to 429,000 customers and natural gas to 386,000 customers. The service territory of Avista Utilities covers 34,000 square miles in eastern Washington, northern Idaho, and parts of southern and eastern Oregon, serving a population of 1.5 million. Alaska Energy and Resources Company, a subsidiary of Avista, provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista stock is traded under the ticker symbol "AVA."

Avista Corp. Reports Q2 2026 Financial Results, Confirms 2026 Utility Earnings Guidance

(NYSE: AVA) Avista Corp. reported net income based on GAAP of $35 million for the second quarter of 2026 and $127 million for the six months ended June 30, 2026, compared to $14 million and $93 million for the same periods in 2025. Earnings per diluted share based on GAAP were $0.43 for the second quarter and $1.54 year-to-date in 2026, up from $0.17 and $1.15 in 2025. Non-GAAP utility earnings were $23 million for the second quarter and $114 million year-to-date in 2026, with non-GAAP utility earnings per diluted share of $0.29 and $1.38, respectively. Avista Corp. is confirming its 2026 non-GAAP utility earnings guidance with a range of $2.52 to $2.72 per diluted share. As of June 30, 2026, the company had $199 million of available liquidity under its committed line of credit and $59 million under its letter of credit facility. Avista Utilities' capital expenditures were $314 million in the first half of 2026, and expected base annual capital expenditures are $615 million for 2026. The company projects non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of its 2025 earnings guidance over the long term.

Avista Corp. Second Quarter 2026 Earnings Conference Call and Webcast Announced

(NYSE: AVA) Avista Corp. announced it will hold its quarterly conference call and webcast to discuss second quarter 2026 results on Monday, Aug. 3, 2026, at 10:30 a.m. Eastern Daylight Time. A news release with second quarter 2026 earnings information will be issued at 7:05 a.m. Eastern Daylight Time on Aug. 3, 2026. Avista Utilities provides electric service to 429,000 customers and natural gas to 386,000 customers. Its service territory covers 34,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.5 million. Alaska Energy and Resources Company, an Avista subsidiary, provides retail electric service to 18,000 customers in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. A replay of the webcast will be available for one year on the Avista Corp. website at investor.avistacorp.com. Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses.

Avista Corp. Reports Q1 2026 Financial Results, Confirms 2026 Utility Earnings Guidance

Avista Corp. (NYSE: AVA) reported GAAP net income of $92 million, or $1.11 per diluted share, for the first quarter of 2026, up from $79 million, or $0.98 per diluted share, in 2025. Non-GAAP utility earnings were $91 million, or $1.10 per diluted share, compared to $82 million, or $1.01 per diluted share, in 2025. The company confirmed its 2026 non-GAAP utility earnings guidance with a range of $2.52 to $2.72 per diluted share. Avista Utilities' capital expenditures in the first quarter of 2026 were $147 million, and expected base annual capital expenditures for 2026 are $615 million. Liquidity as of March 31, 2026, included $110 million under the committed line of credit and $46 million under the letter of credit facility.