| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 64 | 13.3x | 17.8x | Around median | |
Growth | 45 | -1.8% | 7.1% | Around median | |
Quality | 27 | 5.5% | 4.5% | Bottom tier | |
Safety | 36 | 4.9x | 2.6x | Bottom tier | |
Capital Return | 48 | 5.23% | 2.12% | Around median | |
Momentum | 45 | 5.1% | 2.9% | Around median | |
Sentiment | 43 | 5 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Avista Corporation is a utility company serving 429 thousand electric customers and 386 thousand natural gas customers. Its core operations consist of transmitting and distributing energy and providing service within its franchise territories, particularly in Washington. Returns from these operations are tied to regulatory decisions and the recovery of costs for long-lived assets, while the company also owns unregulated investments through EIP that can generate periodic gains or losses.
In Q2 fiscal 2026, Avista reported revenue of $413.0 million, net income of $35.0 million, and earnings per share of $0.43, equivalent to a calculated net income margin of approximately 8.5%. Compared with Q1 fiscal 2026, revenue declined from $570.0 million and net income fell from $92.0 million, bearing in mind that the data does not provide a like-for-like comparison with the same quarter of the prior year.
Revenue for the twelve-month period ended in 2026 totaled approximately $1.9 billion, while net income in the latest reading reached $227.0 million and earnings per share reached approximately $2.73, compared with revenue of $2.0 billion, net income of $193.0 million, and earnings per share of $2.38 in fiscal 2025. The data did not disclose gross profit or a numerical revenue breakdown between utility and unregulated activities, but management explained that EIP supported Q2 fiscal 2026 results with a gain related to an investment that went public.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on AVA is Neutral, with an average price target of $38 and a narrow range of $37 to $39, reflecting limited dispersion in published estimates. The average is below the 52-week range high of $43.5 and above its low of $35.5, while the data does not provide a valid price-to-earnings ratio for comparison; therefore, the valuation assessment is largely tied to the outcome of the Washington rate case and the cost of damage from the August 2026 fires.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Avista reported revenue of $413.0 million and net income of $35.0 million in Q2 fiscal 2026. Earnings per share were $0.43, and net income equaled approximately 8.5% of revenue based on a direct calculation. On August 3, 2026, the company reaffirmed its full-year utility earnings outlook despite the quarterly results and the fires surrounding the Spokane area.
Avista reported on August 3, 2026, that the fires had damaged several transmission lines and the distribution network in west Spokane, while assessment of the full extent of the damage was ongoing. Approximately 7,300 of 429 thousand electric customers and approximately 5,300 of 386 thousand natural gas customers were without service at the time of the call. The company confirmed that its facilities did not start the fires and that the remaining outages were related to active fire conditions, damage, and safety constraints, rather than the precautionary shutoff event, which had ended.
Management said that vegetation management, real-time monitoring, and operational changes demonstrated their value during the August 2026 fires. Crews found several trees that had fallen on one of the lines that was proactively de-energized while inspecting it before restoration. The company also repaired and restored a major transmission line on the morning of August 3, 2026, reducing the risk of new outages caused by grid capacity constraints.
Avista suspended negotiations related to the project and removed the 500-megawatt opportunity from the upside in its capital plan, while the memorandum of understanding remained in place as of the August 3, 2026 call. Management requires any large data center to make a meaningful contribution to affordability and maintain or enhance reliability for existing customers. The company is evaluating potential tariffs, a hybrid special contract, and regulatory protections that would prevent any project costs from being passed on to existing customers.
Management attributed the improvement to EIP, as one of the fund's investments generated a gain ahead of ERock's public offering. The company expected to record an additional gain in the following quarter due to a timing difference, but warned that movement in ERock's shares could reverse most of that gain. EIP cannot exit immediately because of the customary post-IPO lockup period, but a later exit could support cash flow and reduce some of Avista's equity issuance needs.
Avista requested a four-year rate plan, but other parties objected to the length of the plan, the level of return, and the treatment of power supply costs. Management said on August 3, 2026, that reaching a settlement appeared difficult, although it believed the commission staff's position was relatively close to the company's position on some items. Management identified potential hearings on September 17 and 18, 2026, and expected the commission's order around mid-December 2026.
