Avista Q3 profit rises on investment gains, retail price hike

Avista

04/11/2026 12:13

Overview
U.S. energy utility's Q3 GAAP net income and EPS rose yr/yr
Non-GAAP utility earnings and EPS for Q3 increased slightly from prior year
Q3 earnings rose mainly due to investment gains at non-regulated businesses

Outlook
Avista confirms 2026 non-GAAP utility EPS guidance of $2.52-$2.72
Company expects 2026 non-GAAP utility EPS near midpoint of $2.52-$2.72 range
Avista expects 2026 capital expenditures of $615 mln

Result Drivers
INVESTMENT GAINS - Co said higher net income was mainly due to investment gains at non-regulated businesses
RETAIL RATE INCREASES - Q3 electric revenues rose due to higher retail rates
HIGHER POWER COSTS - Q3 electric resource costs rose due to higher purchased power volume and prices, and increased authorized power supply costs

Company press release: ID:nGNX8ccyVr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.57
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the multiline utilities peer group is "buy."
Wall Street's median 12-month price target for Avista Corporation is $39.00, about 2.3% above its November 3 closing price of $38.11
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Nov 2 - Entergy Q3 profit beats estimates on retail sales; raises dividend
Nov 2 - Utility holding company PSEG Q3 revenue falls, maintains 2026 guidance
Nov 3 - Essential Utilities Q3 revenue rises on regulatory recoveries, higher gas costs

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)