Why did Avista (NYSE:AVA) GAAP earnings increase in Q2 2026?

Avista (NYSE:AVA) GAAP net income increased to $35 million from $14 million, mainly because its non-regulated businesses recorded investment gains instead of prior-year losses.

What are Avista (NYSE:AVA)’s Q2 2026 earnings?

Avista (NYSE:AVA) reported GAAP net income of $35 million and diluted EPS of $0.43, compared with $14 million and $0.17 a year earlier.

How did Avista (NYSE:AVA)’s utility business perform?

Avista (NYSE:AVA) generated Q2 non-GAAP utility earnings of $23 million, or $0.29 per diluted share, compared with $24 million and $0.29 a year earlier.

What is Avista (NYSE:AVA)’s 2026 earnings guidance?

Avista (NYSE:AVA) expects non-GAAP utility EPS of $2.52–$2.72, assuming normal weather, a $0.10 negative ERM impact, a 12% effective tax rate and $615 million of capital expenditures.

How will Avista (NYSE:AVA) finance its 2026 investments?

Avista (NYSE:AVA) expects to issue up to $90 million of common stock and $230 million of long-term debt, while evaluating up to $100 million of additional short-term liquidity.

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Avista net income rises to $35 million

Written by Brie CarterPublished Aug 3, 2026, 8:00 AM

Avista reported Q2 GAAP net income of $35 million, up from $14 million a year earlier.
Avista shares were down 3.61% at $38.99 during Monday trading following the results.
The company maintained its 2026 non-GAAP utility EPS guidance of $2.52–$2.72.

Avista (NYSE:AVA) reported Q2 GAAP net income of $35 million, up from $14 million, while diluted EPS reached $0.43.

Year-to-date net income rose to $127 million, although quarterly non-GAAP utility earnings remained nearly flat at $23 million.

“Strong execution of our operational priorities reinforces confidence in our outlook,” said Avista President and CEO Heather Rosentrater.

Avista maintained 2026 utility EPS guidance of $2.52–$2.72, based on normal weather, a 12% tax rate and $615 million of capital spending.

Following the announcement, Avista's share price was down 3.61% at $38.99.

Non-regulated businesses generated $13 million during the first half, compared with a $12 million loss, mainly because of investment gains.

Avista expects to issue up to $90 million of stock and $230 million of long-term debt during 2026.

Avista net income rises to $35 million

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