Avista Corporation (AVA)AVAAvista Corporation

Financials

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	1.917B	570.000M	533.000M	403.000M	411.000M	617.000M	532.770M	393.742M	402.000M
Cost of Goods Sold	842.000M	206.000M	391.000M	115.000M	130.000M	256.000M	218.524M	142.033M	144.000M
Gross Profit	1.075B	364.000M	142.000M	288.000M	281.000M	361.000M	314.246M	251.709M	258.000M
Gross Profit Margin	63.9%	63.9%	26.6%	71.5%	68.4%	58.5%	59.0%	63.9%	64.2%
Total Operating Expenses	712.000M	230.000M	30.000M	228.000M	224.000M	236.000M	212.386M	202.941M	203.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	2.369M	0.00	0.00
Operating Income (EBIT)	363.000M	134.000M	112.000M	60.000M	57.000M	125.000M	101.860M	48.768M	55.000M
Operating Margin	23.5%	23.5%	21.0%	14.9%	13.9%	20.3%	19.1%	12.4%	13.7%
Income Before Tax (EBT)	231.000M	105.000M	80.000M	31.000M	15.000M	91.000M	67.837M	18.009M	24.000M
Interest Income	—	—	—	—	—	—	14.000M	—	—
Interest Expense	149.000M	38.000M	37.000M	38.000M	36.000M	37.000M	36.945M	36.020M	35.435M
Other Income/Expense	-132.000M	-29.000M	-32.000M	-29.000M	-42.000M	-34.000M	-34.023M	-30.759M	-31.000M
Net Income	206.000M	92.000M	71.000M	29.000M	14.000M	79.000M	67.160M	18.487M	23.000M
Income Tax Expense	25.000M	13.000M	9.000M	2.000M	1.000M	12.000M	677K	-478K	1.000M
Net Profit Margin	16.1%	16.1%	13.3%	7.2%	3.4%	12.8%	12.6%	4.7%	5.7%
EBITDA	665.000M	210.000M	190.000M	142.000M	123.000M	199.000M	175.140M	121.915M	128.000M
EBITDA Margin	36.8%	36.8%	35.6%	35.2%	29.9%	32.3%	32.9%	31.0%	31.8%
Depreciation & Amortization	285.000M	67.000M	73.000M	73.000M	72.000M	71.000M	70.358M	67.886M	68.000M
EPS Basic	2.52	1.12	0.87	0.36	0.17	0.98	0.84	0.23	0.29
EPS Diluted	2.52	1.12	0.87	0.36	0.17	0.98	0.84	0.23	0.29
Shares Outstanding	82.339M	82.339M	81.415M	81.232M	80.715M	80.218M	80.039M	78.836M	78.390M
Diluted Shares Outstanding	82.354M	82.354M	81.509M	81.278M	80.774M	80.309M	80.039M	78.968M	78.456M

Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	1.964B	1.938B	1.752B	1.710B	1.439B	1.322B	1.346B	1.397B
Cost of Goods Sold	1.489B	798.000M	702.372M	735.862M	497.123M	398.509M	439.817M	494.736M
Gross Profit	475.000M	1.140B	1.049B	974.345M	941.813M	923.382M	905.805M	902.157M
Gross Profit Margin	24.2%	58.8%	59.9%	57.0%	65.5%	69.9%	67.3%	64.6%
Total Operating Expenses	121.000M	834.000M	791.492M	784.103M	713.581M	690.682M	695.416M	637.326M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	40.376M	12.233M	12.249M	12.279M	0.00	10.523M
Operating Income (EBIT)	354.000M	306.000M	257.690M	190.242M	228.232M	232.700M	210.389M	261.113M
Operating Margin	18.0%	15.8%	14.7%	11.1%	15.9%	17.6%	15.6%	18.7%
Income Before Tax (EBT)	217.000M	183.000M	137.550M	137.985M	159.365M	136.539M	228.137M	162.658M
Interest Income	12.000M	14.000M	14.662M	3.871M	3.149M	3.174M	4.047M	3.700M
Interest Expense	148.000M	145.000M	139.666M	114.974M	102.165M	100.978M	100.180M	96.997M
Other Income/Expense	-137.000M	-123.000M	-120.140M	-52.257M	-68.867M	-96.161M	17.748M	-98.455M
Net Income	193.000M	180.000M	171.180M	155.176M	147.334M	129.488M	196.979M	136.429M
Income Tax Expense	24.000M	3.000M	-33.630M	-17.191M	12.031M	7.051M	31.374M	26.060M
Net Profit Margin	9.8%	9.3%	9.8%	9.1%	10.2%	9.8%	14.6%	9.8%
EBITDA	654.000M	602.000M	542.625M	446.421M	459.022M	450.490M	534.311M	446.993M
EBITDA Margin	33.3%	31.1%	31.0%	26.1%	31.9%	34.1%	39.7%	32.0%
Depreciation & Amortization	289.000M	274.000M	265.409M	253.142M	232.176M	224.223M	205.994M	187.318M
EPS Basic	2.38	2.28	2.24	2.13	2.11	1.91	2.98	2.08
EPS Diluted	2.38	2.28	2.24	2.12	2.10	1.90	2.97	2.07
Shares Outstanding	80.975M	78.725M	76.396M	72.989M	69.951M	67.962M	66.205M	65.673M
Diluted Shares Outstanding	81.051M	78.820M	76.495M	73.093M	70.085M	68.102M	66.329M	65.946M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Avista Corporation

Avista Corporation operates as an energy utility, conducting business through its various subsidiaries. Its operations are divided into two primary segments: Avista Utilities and AEL&P. The Avista Utilities division is responsible for electric distribution and transmission, as well as natural gas distribution services, across parts of eastern Washington and northern Idaho. It also delivers natural gas services to areas of northeastern and southwestern Oregon. Additionally, this segment generates electricity in Washington, Idaho, Oregon, and Montana, and engages in the wholesale buying and selling of electricity and natural gas. The AEL&P segment, conversely, supplies electrical services to approximately 17,400 customers located in the city and borough of Juneau, Alaska. The company generates its electricity from hydroelectric, thermal, and wind power sources. As of February 23, 2022, Avista was serving 406,000 electric customers and 372,000 natural gas customers. Beyond its core utility business, the company also makes investments in venture funds, real estate, and other diverse ventures. Avista Corporation was established in 1889 and is headquartered in Spokane, Washington.

Spokane, WA

1,920 employees

www.avistacorp.com

Utilities / Diversified Utilities

Sector: Utilities
Industry: Diversified Utilities
CEO: Heather Lynn Rosentrater

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