Quarterly ResultMay 5, 2026, 06:08 AM
Avista Q1 Net Income $92M (+16.5%); Diluted EPS $1.11 (+13.3%)
AI Summary
Avista Corporation reported a net income of $92 million for the first quarter of 2026, a 16.5% increase from $79 million in the same period last year. Diluted earnings per common share rose to $1.11, up 13.3% from $0.98 in Q1 2025. Total operating revenues decreased by 7.5% to $570 million, while income from operations increased by 7.2% to $134 million. The company also declared a dividend of $0.493 per common share.
Key Highlights
- Net income for Q1 2026 increased to $92 million, up 16.5% from $79 million in Q1 2025.
- Diluted earnings per common share rose to $1.11 in Q1 2026, a 13.3% increase from $0.98.
- Total operating revenues for Q1 2026 were $570 million, down 7.5% from $617 million.
- Income from operations increased to $134 million in Q1 2026, up 7.2% from $125 million.
- Dividends declared per common share were $0.493 for Q1 2026, compared to $0.490 in Q1 2025.
- Net cash provided by operating activities was $179 million in Q1 2026.
- Utility property capital expenditures were $(150) million in Q1 2026.