$AVA

Washington Attorney General Nick Brown is challenging Avista’s requested electricity and gas rate increases in Spokane-area proceedings before the Washington Utilities and Transportation Commission. Brown says Avista needs $115 million less in first-year returns, arguing for a return below 7.2%, while Avista disputes and cites higher allowed returns. Hearings are Aug. 27 and Sept. 17-18, with a December decision.

Nigeria’s NGX closed the week up. The All-Share Index rose 0.12% WoW to 245,573.60 and market cap increased by N187bn to N158.513tn, lifting YTD return to 57.81%. Turnover was 5.359bn shares worth N139.053bn. AVA Capital, FCMB Group and First Holdco gained, while Thomas Wyatt Nigeria and others fell. Analysts cited choppy, cautious outlook tied to earnings and banking momentum.

Avista (AVA) reported Q2 2026 GAAP net income of $35 million, up from $14 million a year earlier, and GAAP EPS of $0.43. Non-GAAP utility earnings were $23 million, with non-GAAP EPS of $0.29. The company reiterated 2026 utility earnings guidance of $2.52 to $2.72 per diluted share and discussed wildfire-related outages, ERM costs, liquidity needs, and a potentially difficult Washington rate-case settlement.

Simply Wall St reports Avista (AVA) posted higher Q2 net income and earnings per share versus a year earlier and reaffirmed its quarterly dividend. The article cites AVA fair value of $42.80 versus a $38.73 close, implying about 10% upside, while an SWS DCF estimates $35.21, suggesting overvaluation.

Ava Capital Limited (AVA Capital Plc) gained over 33% on the Nigerian Exchange in five sessions after listing by introduction at a N37.5 billion valuation. Shares rose to N11 from N8.45. Market value increased to about N55 billion. In H1 2026, revenue was ₦3.46 billion (up 4.4x) and net profit margin improved to 52.7%.

NGX market cap rose by N187bn week-on-week to N158.513tn as the NGX All-Share Index gained 0.12% to 245,573.60. Year-to-date return reached 57.81%. Selective buying lifted AVA Capital (+33.33% to N11.00), FCMB Group (+13.10% to N12.95) and First Holdco (+12.23% to N145.40), while Thomas Wyatt Nigeria (-26.71%) and others fell. 5.359bn shares traded for N139.053bn.

Simply Wall St discusses Avista Corp. (AVA) after its Q2 2026 results. The company reported revenue of $413 million, net income of $35 million, and basic EPS of $0.43 from continuing operations. Avista’s board reaffirmed a quarterly dividend of $0.4925 per share ($1.97 annualized), payable Sept. 14, 2026.

Avista Corp. discussed its Q2 2026 earnings call, focusing on wildfire response in Spokane, including PSPS use and transmission and distribution damage, with about 7,300 electric and 5,300 natural gas customers without service. Management expects a Washington rebuttal filing Aug. 7 and a commission order by mid-December 2026, while addressing data center load negotiations and potential tariff updates.

Avista Corporation reported quarterly results with revenue of $413m matching analyst expectations, but statutory profit of $0.43 per share, 84% above forecast. Analysts updated 2026 estimates to $1.97b revenue and EPS of $2.59, versus prior $1.99b and $2.61. The consensus price target stayed at $41.33 despite the stock falling 6.3% to $39.21.

Avista said wildfires in Spokane were not started by its facilities and that it may seek Washington regulators’ approval to defer wildfire-related costs for later recovery from customers. The fires damaged Avista electric and gas infrastructure, leaving about 7,300 electric and 5,300 gas customers without service. Avista plans rebuttal testimony in a pending rate case Aug. 27.