Earnings Releases·Nov 3, 2026, 6:44 PM ET

Avista Corp. — Third Quarter 2026 Earnings Summary

GAAP net income rose to $49 million in Q3 2026 from $29 million in 2025, while year-to-date GAAP net income reached $176 million compared to $122 million in the prior year.
Non-GAAP utility earnings per diluted share increased to $0.38 in Q3 2026 from $0.37 in 2025, with management confirming 2026 guidance of $2.52 to $2.72 per share and expecting to finish at the midpoint.
The company issued $230 million in long-term debt and $58 million in common stock year-to-date, with plans to secure a $100 million short-term loan in Q4 2026 and issue up to $110 million in equity in 2027.
Strategic execution includes the 2026 exit from the Colstrip generation portfolio, which reduced depreciation and resource costs, alongside a long-term outlook projecting 4% to 6% non-GAAP utility earnings growth from the 2025 midpoint.