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.
Avista CorporationQ2 net income rose to $35M from $14M, driven by investment gains, and guidance confirmed.