Avista Corporation (AVA) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Avista published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Avista reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP utility earnings per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Avista's earnings release does not include an income statement. Revenue on this page is total operating revenues from the Form 10-Q filed the same day.
• Avista's non-GAAP measure covers the utilities only: it removes the non-regulated other businesses, mostly investment gains and losses, which added $0.19 a share in Q3 2026.

Source: Avista Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Avista splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Avista's Avista Utilities revenue was $410 million in Q3 2026, up 4% from $394 million in Q3 2025, 97% of total revenue.
• Avista's AEL&P revenue was $11.0 million in Q3 2026, up 22% from $9.0 million in Q3 2025, 3% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Avista said:

“Avista Corp. is confirming its 2026 non-GAAP utility earnings guidance with a range of $2.52 to $2.72 per diluted share.”

“we continue to expect to be at the midpoint of our non-GAAP utility earnings guidance for 2026”

“Over the long term, we expect non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of our 2025 earnings guidance.”

Source: Avista Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AVA forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total operating revenues from each quarter's Form 10-Q and GAAP diluted EPS from each quarter's release, as first reported. Q4 2025 revenue is the 10-K annual figure of $1,964 million minus nine-month revenue of $1,431 million; Q4 2025 EPS of $0.87 is from Avista's Q4 release.

We do not hold a confirmed date for Avista's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Avista's revenue comes almost entirely from its regulated utilities. Avista Utilities, which serves approximately 430,000 electric and 385,000 natural gas customers in eastern Washington, northern Idaho and parts of Oregon, had $410 million of the $421 million in Q3 2026 total operating revenues. AEL&P, which supplies electricity in Juneau, Alaska, had $11 million. (Avista Form 10-Q, Q3 2026, Nov 4, 2026; Avista Q3 2026 release, Nov 4, 2026)

Avista's electric revenue from contracts with customers was $310 million in the quarter, including residential $140 million, commercial $116 million and industrial $34 million, down from $38 million. Natural gas revenue from contracts with customers was $56 million, against $51 million. (Avista Form 10-Q, Q3 2026, Nov 4, 2026)

The 10-Q says electric utility revenues rose because of higher retail rates from Avista's general rate case, partly offset by removing the recovery of Colstrip-related costs, lower wholesale revenues and lower volumes. The lower volumes came from the departure of a large industrial customer in April 2026. (Avista Form 10-Q, Q3 2026, Nov 4, 2026; Avista Q3 2026 release, Nov 4, 2026)

Electric resource costs rose with the volume and price of purchased power, partly offset by lower fuel costs after Colstrip left Avista's generation portfolio in 2026. In the release Avista attributed $0.14 a share of higher utility earnings to electric revenues and took $0.14 away for electric resource costs. (Avista Q3 2026 release, Nov 4, 2026)

Avista's GAAP diluted EPS was $0.57 in Q3 2026, against $0.36, on net income of $49 million, against $29 million. Avista said the increase came primarily from investment performance at its non-regulated other businesses, which earned $16 million in the quarter against a $1 million loss a year earlier. (Avista Q3 2026 release, Nov 4, 2026)

Non-GAAP utility earnings, which exclude those other businesses, were $33 million, or $0.38 per diluted share, against $0.37. Within the utility, lower other operating expenses added $0.05, while interest expense took away $0.02 and a higher share count diluted EPS by $0.02. (Avista Q3 2026 release, Nov 4, 2026)

Diluted weighted-average shares rose to 83,804 thousand from 81,278 thousand. Avista issued $58 million of common stock in the first three quarters of 2026 and expects to issue up to $15 million more in 2026 and up to $110 million in 2027. (Avista Form 10-Q, Q3 2026, Nov 4, 2026; Avista Q3 2026 release, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Avista gives an annual guidance range for non-GAAP utility earnings per share and does not give GAAP EPS guidance, citing investment gains and losses it cannot predict. With Q3 2026 results it confirmed 2026 guidance of $2.52 to $2.72 per diluted share, and its CEO said Avista expects to land at the midpoint. (Avista Q3 2026 release, Nov 4, 2026)

Avista's guidance assumes normal weather for the rest of the year, a negative impact from the Energy Recovery Mechanism of $0.09 per diluted share, an effective tax rate of 12 percent and capital expenditures of $615 million. Over the long term it expects non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of its 2025 guidance. (Avista Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Avista, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Avista's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AVA is on is AVA a buy or a sell?, what analysts expect next is on the AVA forecast, and what the company does is on the Avista Corporation (AVA) stock page.

Every number on this page can be traced to a document Avista published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.