| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 413.00 | 27.5% | 0.5% |
| Total Income | 413.00 | 27.5% | 0.5% |
| Expenditure | 359.00 | 17.7% | 1.4% |
| PBT | 41.00 | 61.0% | 173.3% |
| Net Profit | 35.00 | 62.0% | 150.0% |
| OPM | 13.07% | 10.43pp | 0.79pp |
| NPM | 8.47% | 7.67pp | 5.07pp |
| EPS | 0.43 | 61.3% | 152.9% |
Avista Corp. Reports Q2 2026 Financial Results, Confirms 2026 Utility Earnings Guidance
03 Aug 2026 · 3 Aug, 3:38 pm
Summary
Avista Corp. reported a significant increase in net income for the second quarter of 2026, reaching $35 million compared to $14 million in the prior year, with GAAP earnings per diluted share rising to $0.43 from $0.17. While non-GAAP utility earnings saw a slight decrease to $23 million, non-GAAP utility earnings per diluted share remained stable at $0.29. The company confirmed its 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share. Management highlighted strong execution and disciplined cost management as key drivers for confidence in the outlook.
Key Highlights
- 1
Avista Corp. reported net income of $35 million for the second quarter of 2026, an increase from $14 million in the same period of 2025.
- 2
GAAP earnings per diluted share for the second quarter of 2026 were $0.43, up from $0.17 in the second quarter of 2025.
- 3
Non-GAAP utility earnings for the second quarter of 2026 were $23 million, a slight decrease from $24 million in the prior year's second quarter.
- 4
Non-GAAP utility earnings per diluted share remained stable at $0.29 for both the second quarter of 2026 and 2025.
- 5
For the six months ended June 30, 2026, net income increased to $127 million from $93 million in the comparable period of 2025.
- 6
Year-to-date GAAP earnings per diluted share were $1.54 for 2026, compared to $1.15 for 2025.
- 7
Avista Corp. is confirming its 2026 non-GAAP utility earnings guidance, with a range of $2.52 to $2.72 per diluted share.
Management Comments
Heather Rosentrater
Strong execution of our operational priorities and disciplined cost management reinforce confidence in our outlook and long-term strategy. Results for the quarter also benefited from the recovery of non-utility investment losses recognized in 2025. By maintaining a balanced approach to investments in our system and affordability, we continue to position the company to deliver value for both our customers and shareholders.
Informational and educational content only. Not investment advice.