Avista
Regulated electricity and natural gas utility serving the Inland Northwest and Juneau.
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Profile
Generates, transmits and distributes electricity and distributes natural gas through regulated utilities in the Inland Northwest and Juneau. Most operations sit in Avista Utilities, while AEL&P serves Juneau's isolated electric grid; returns depend on state rate-setting and continued infrastructure investment.
Generates, transmits and distributes electricity and distributes natural gas through Avista Utilities. Electric service centers on eastern Washington and northern Idaho, with a small Montana presence; gas distribution extends through Washington, Idaho and parts of Oregon. AEL&P supplies regulated electricity in isolated Juneau, Alaska.
Owns generation, transmission and distribution infrastructure, supplements supply through wholesale markets, and invests in reliability and aging assets. Hydroelectric plants anchor the resource mix after the Colstrip coal ownership transfer, with thermal generation and contracted renewables supporting supply.
Customer rates and capital recovery depend on state regulators. Power costs and reliability are shaped by weather, streamflow, energy markets and wildfire exposure; Juneau's grid has no interconnection to other utilities and uses diesel generation for backup.
Company facts
Categories
Key statistics
Year to date −2.7% · Average volume (30d) 638.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 4, 2026 | Barclays | Reiterate | Equal Weight | $39 | $37 |
| Jun 15, 2026 | Barclays | Reiterate | Equal Weight | $42 | $39 |
| Jun 4, 2026 | Barclays | Reiterate | Equal Weight | $41 | $42 |
| Apr 21, 2026 | Wells Fargo | Target | $38 | $39 | |
| Apr 15, 2026 | Barclays | Reiterate | Equal Weight | $40 | $41 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.23 | $0.43 | +87.4% | $426.9M | $413.0M | −3.3% | −2.22% |
| May 5, 2026Q1 FY26 | $1.04 | $1.10 | +5.8% | $643.5M | $555.0M | −13.8% | −0.86% |
| Feb 25, 2026Q4 FY25 | $1.01 | $0.88 | −12.9% | $515.9M | $518.0M | +0.4% | −2.07% |
| Nov 5, 2025Q3 FY25 | $0.27 | $0.36 | +33.3% | $541.1M | $403.0M | −25.5% | +1.71% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $617.0M | $411.0M | $403.0M | $533.0M | $570.0M | $413.0M | |
| Gross profit | $361.0M | $281.0M | $288.0M | $142.0M | $364.0M | $54.0M | |
| Operating income | $125.0M | $57.0M | $60.0M | $112.0M | $134.0M | $54.0M | |
| Net income | $79.0M | $14.0M | $29.0M | $71.0M | $92.0M | $35.0M | |
| Diluted EPS | $0.98 | $0.17 | $0.36 | $0.87 | $1.12 | $0.43 | |
| Gross margin | 58.5% | 68.4% | 71.5% | 26.6% | 63.9% | 13.1% | |
| Operating margin | 20.3% | 13.9% | 14.9% | 21.0% | 23.5% | 13.1% |
Fiscal years (4-quarter sums)FY21 $1.44B · FY22 $1.71B · FY23 $1.75B · FY24 $1.94B · FY25 $1.96B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $25.0M · Total debt $3.29B · Total assets $8.54B · Shareholders' equity $2.82B
Dividends
Raised for 26 straight years — most recently to $0.4925 from $0.49 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Sep 14 | $0.4925 | |
| May 19, 2026 | May 19 | Jun 12 | $0.4925 | |
| Feb 25, 2026 | Feb 25 | Mar 13 | $0.4925 | raised from $0.49 |
| Nov 24, 2025 | Nov 24 | Dec 15 | $0.49 | |
| Aug 19, 2025 | Aug 19 | Sep 15 | $0.49 | |
| May 13, 2025 | May 13 | Jun 13 | $0.49 | |
| Feb 26, 2025 | Feb 26 | Mar 14 | $0.49 | raised from $0.475 |
| Nov 26, 2024 | Nov 26 | Dec 13 | $0.475 |
Ownership
Shares outstanding 83.75M · Float 82.92M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 14.80M | 17.67% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 7.21M | 8.60% | 13F | Aug 13, 2026 |
| State Street Corp | 5.39M | 6.43% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 3.76M | 4.49% | 13F | Aug 13, 2026 |
| Atlas Infrastructure Partners (UK) Ltd. | 2.29M | 2.74% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 7, 2026 | Wayne O. Manuel | officer: Senior Vice President | −1,593 | $40.98 |
| Mar 13, 2026 | Alexis G. Alexander | officer: Vice President | −555 | $39.80 |
| Feb 26, 2026 | Bryan Alden Cox | officer: Senior Vice President | −1,768 | $40.18 |
| Dec 16, 2025 | Wayne O. Manuel | officer: Senior Vice President | −1,785 | $38.74 |
| Dec 12, 2025 | Janet D. Widmann | director | −7,400 | $38.63 |
Peers
- IDACORP
Idaho electric peer with hydro and western load-growth overlap
- NorthWestern Energy
Regional dual-fuel utility with Montana and Colstrip overlap
- Portland General Electric
Oregon electric utility peer in clean-energy transition
- NW Natural
Pacific Northwest gas-distribution peer
- The MDU Resources Group
Northern Rockies utility peer with WA/OR/ID gas overlap
- Black Hills
Multi-state gas and electric utility peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Avista | $37.66 | 0.00% | $3.15B | 13.5 | 14.3 | 1.6 | +0.5% |
| IDACORP | $135.78 | +0.04% | $7.85B | 22.5 | 20.5 | 4.4 | +10.9% |
| NorthWestern Energy | $70.32 | −0.01% | $4.33B | 25.4 | 18.7 | 2.6 | +14.6% |
| Portland General Electric | $49.60 | 0.00% | $5.74B | 21.8 | 13.4 | 1.7 | +0.9% |
| NW Natural | $49.50 | +0.02% | $2.08B | 16.2 | 15.7 | 1.6 | +3.1% |
| The MDU Resources Group | $19.79 | 0.00% | $4.14B | 20.8 | 19.7 | 2.3 | +6.8% |
| Black Hills | $72.80 | −0.03% | $5.54B | 18.4 | 15.6 | 2.4 | +3.1% |
| Median | 21.3 | 17.2 | 2.3 | +5.0% |