Quarterly ResultAug 3, 2026, 07:07 AM

Avista Q2 GAAP EPS $0.43, Net Income $35M; Confirms 2026 Guidance

AI Summary

Avista Corp. reported Q2 2026 GAAP net income of $35 million ($0.43 per diluted share), a significant increase from $14 million ($0.17 per diluted share) in Q2 2025, primarily driven by investment gains. Non-GAAP utility earnings for the quarter were $23 million ($0.29 per diluted share), flat compared to the prior year, but year-to-date non-GAAP utility earnings increased to $114 million. The company confirmed its 2026 non-GAAP utility earnings guidance in the range of $2.52 to $2.72 per diluted share, citing strong operational execution and disciplined cost management.

Key Highlights

Q2 2026 GAAP Net Income: $35 million, up from $14 million in Q2 2025.
Q2 2026 GAAP EPS: $0.43 per diluted share, up from $0.17 in Q2 2025.
Q2 2026 Non-GAAP Utility Earnings: $23 million ($0.29 per diluted share), compared to $24 million ($0.29 per diluted share) in Q2 2025.
Year-to-date 2026 GAAP Net Income: $127 million, up from $93 million in 2025.
Year-to-date 2026 Non-GAAP Utility Earnings: $114 million, up from $105 million in 2025.
Confirmed 2026 non-GAAP utility earnings guidance: $2.52 to $2.72 per diluted share.
Non-regulated other business income: $13 million in H1 2026 vs. $12 million loss in H1 2025.
Evaluating need for up to $100 million additional short-term liquidity by Q4 2026.

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AVA

Power Generation

AVISTA CORP

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