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Avista Corporation

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through two segments, Avista Utilities and Alaska Electric Light and Power Company (AEL&P). The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution and transmission services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana. This segment also engages in the supply of electricity to customers in Montana; and wholesale purchase and sale of electricity and natural gas. The Alaska Electric Light and Power Company segment offers electric services in Juneau, Alaska. The company generates electricity through hydroelectric, thermal, wind, and solar generation facilities. As of December 31, 2025, it supplied retail electrical services to approximately 429,000 customers; retail natural gas services to approximately 386,000 customers; and electrical energy to approximately 17,600 customers. The company also operates five hydroelectric generation facilities with a capacity of 102.7 MW; and four diesel generating facilities with a capacity of 107.5 MW. In addition, it engages in venture fund investments, real estate investments, and other investments. The company was formerly known as Washington Water Power and changed its name to Avista Corporation in January 1999. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.

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Avista declares $0.4925 quarterly dividend

Avista declared a quarterly dividend of $0.4925 per share, in line with the previous payout. The dividend carries a forward yield of 5.02% and is payable on September 14 to shareholders of record as of August 18, with the ex-dividend date also set for August 18.
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Avista Corp. Reports Q2 2026 Net Income of $35 Million, Confirms Utility Earnings Guidance

Avista Corp. reported second-quarter 2026 net income of $35 million, or 43 cents per diluted share, up from $14 million, or 17 cents per share, a year earlier, and confirmed its full-year non-GAAP utility earnings guidance of $2.52 to $2.72 per diluted share. Non-GAAP utility earnings were $23 million, or 29 cents per share, compared with $24 million, or 29 cents per share, in the prior-year quarter. The GAAP increase was driven by net investment gains at the company's other businesses, including an estimated $17 million fair value increase from an underlying investment that completed an initial public offering, which will be recognized in the third quarter. Avista also noted it is evaluating the need for up to $100 million of additional short-term liquidity by the end of the fourth quarter due to increased regulatory deferrals and delayed recovery.
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Avista files annual rate adjustments in Idaho, proposing lower gas bills and higher electric bills

Avista has filed its annual rate adjustment requests with the Idaho Public Utilities Commission, proposing changes that would lower residential natural gas bills by about 1.5 percent and raise residential electric bills by roughly 6.5 percent. The natural gas filings include a Purchased Gas Cost Adjustment decrease of approximately 2.5 million dollars, a Fixed Cost Adjustment increase of about 2.4 million dollars, and an Energy Efficiency Adjustment decrease of around 1.4 million dollars, resulting in a net overall natural gas rate reduction of 1.8 percent. The electric filings include a Power Cost Adjustment increase of approximately 14.6 million dollars, a Fixed Cost Adjustment increase of about 4.0 million dollars, and a Bonneville Power Administration Residential Exchange Program decrease of roughly 0.3 million dollars, leading to a net overall electric rate increase of 5.3 percent. If approved, the new rates would take effect November 1, 2026 for natural gas and October 1, 2026 for electric service. The filings are designed to true up costs with actual expenses and do not impact Avista's earnings.
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AI Power Demand Surge Makes Five High-Yield Utility Stocks Attractive for Decades

Surging AI data center electricity demand is accelerating utility infrastructure spending and making high-yield utility stocks increasingly attractive for long-term investors. Avista offers a strong 4.64% dividend and holds a Weiss Ratings Buy rating. Brookfield Infrastructure Partners yields 4.64% and carries Morgan Stanley's Overweight rating with a $46 price target. Edison International pays a 4.37% dividend, has Barclays' Overweight rating and a $77 price objective, and is seen as a strong pick through 2026. Eversource Energy yields 4.06% with Wells Fargo's Overweight rating and a $76 target, while Portland General Electric pays 3.98% and has a BTIG Buy rating with a $58 target.
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