Avista reaffirms 2026 non‑GAAP utility EPS guidance and unveils $3.6 bn capex plan
Avista Corp. reported third‑quarter 2026 net income of $49 million ($0.57 EPS), up from $29 million a year earlier. The utility’s non‑GAAP earnings rose to $33 million ($0.38 EPS) versus $30 million in Q3 2025. The company confirmed its 2026 non‑GAAP utility EPS guidance of $2.52‑$2.72 per share and announced a $3.6 billion base capital‑expenditure program for 2027‑2031, with CEO Heather Rosentrater highlighting grid hardening and wildfire preparedness.
Why it matters
The reaffirmed EPS guidance signals that Avista expects to meet its earnings targets for 2026, supporting current valuation assumptions. The announced multi‑year capex program indicates significant future spending that could affect cash flow and investment outlook.
Key facts
- 1Q3 2026 net income was $49 million ($0.57 EPS). rttnews.com
- 2Q3 2025 net income was $29 million ($0.36 EPS). rttnews.com
- 3Non‑GAAP utility earnings were $33 million ($0.38 EPS) in Q3 2026. rttnews.com
- 4Non‑GAAP utility earnings were $30 million ($0.37 EPS) in Q3 2025. rttnews.com
- 5Avista confirmed its 2026 non‑GAAP utility EPS guidance of $2.52‑$2.72 per share. rttnews.com
- 6The company announced $3.6 billion of base capital expenditures for 2027‑2031. seekingalpha.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.