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AVA

Avista Corporation

AVA

Avista Corporation • NYSE
$41.38 ▼ -0.17% (-0.07)
Market Cap $3.37 B
52w High $43.09
52w Low $34.80
Dividend Yield 1.96%
P/E 17.53
Volume 279.68K
Outstanding Shares 81.33M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $403M ▼ $228M ▲ $29M ▲ 7.196% ▲ $0.36 ▲ $142M ▲
Q2-2025 $411M ▼ $224M ▼ $14M ▼ 3.406% ▼ $0.17 ▼ $123M ▼
Q1-2025 $617M ▲ $236M ▲ $79M ▲ 12.804% ▲ $0.98 ▲ $199M ▲
Q4-2024 $532.77M ▲ $212.386M ▲ $67.16M ▲ 12.606% ▲ $0.84 ▲ $175.14M ▲
Q3-2024 $393.742M $202.941M $18.487M 4.695% $0.23 $121.915M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $44M ▲ $8.162B ▲ $5.517B ▲ $2.645B
Q2-2025 $9M ▼ $8.065B ▲ $5.42B ▲ $2.645B ▼
Q1-2025 $17M ▼ $7.966B ▲ $5.317B ▼ $2.649B ▲
Q4-2024 $30M ▲ $7.941B ▲ $5.35B ▲ $2.591B ▲
Q3-2024 $9.124M $7.781B $5.253B $2.528B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $14M ▼ $40M ▼ $-145M ▼ $97M ▲ $-8M ▲ $-103M ▼
Q1-2025 $79M ▲ $184M ▲ $-103M ▲ $-94M ▼ $-13M ▼ $81M ▲
Q4-2024 $67.16M ▲ $89.793M ▼ $-128.988M ▲ $60.074M ▲ $20.876M ▲ $-37.779M ▼
Q3-2024 $18.487M ▼ $127.212M ▲ $-155.882M ▼ $23.147M ▲ $-5.523M ▼ $-27.009M ▼
Q2-2024 $22.858M $126.848M $-136.03M $11.555M $2.373M $-5.65M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q3-2025
Alaska Electric Light Power
Alaska Electric Light Power
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Avista Utilities
Avista Utilities
 $380.00M ▲$520.00M ▲$600.00M ▲$390.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Avista’s income statement shows a slow‑and‑steady story rather than big swings. Revenue has climbed consistently over the past five years, and operating profit has generally improved alongside it. Profit margins look fairly stable for a regulated utility, with gradual growth in net income and earnings per share. This suggests the company is managing costs reasonably well while modestly expanding its business, not chasing aggressive growth but delivering incremental, dependable progress.

Balance Sheet

Balance Sheet The balance sheet reflects a capital‑heavy utility steadily investing in its system. Total assets have grown over time as Avista continues to build and modernize its infrastructure. Debt has also increased, which is typical for a utility funding long‑lived projects, but equity has risen as well, pointing to a balance between borrowing and retained value. Leverage is meaningful but not out of character for the sector, implying a need to watch interest rates and regulatory support, yet no obvious signs of financial strain in the data shown.

Cash Flow

Cash Flow Cash flow highlights the trade‑off between heavy investment and free cash. Operating cash flow is positive and has generally improved, showing that the core business brings in cash reliably. However, capital spending is consistently high, which has kept free cash flow around breakeven or negative in several years. This pattern is common for utilities that are modernizing the grid and expanding capacity, but it does mean Avista leans on external financing to fund a good portion of its investment program.

Competitive Edge

Competitive Edge Avista operates in a classic regulated‑utility model with strong local footing. Its near‑monopoly status in its service areas, combined with state oversight of rates, creates a stable customer base and relatively predictable earnings. High infrastructure costs and an established transmission and distribution network form a significant barrier for would‑be competitors. Its sizeable hydroelectric resources give it a cost and environmental edge versus more fossil‑heavy peers, and population growth in its territory provides a quiet tailwind for long‑term demand.

Innovation and R&D

Innovation and R&D For a utility, Avista is notably forward‑leaning on innovation. It has invested in smart‑grid technologies, advanced meters, and grid automation to improve reliability and customer insight. The company’s large share of renewables, especially hydropower, plus growing wind and solar exposure, supports its clean‑energy profile. Partnerships with research institutions and pilot projects in storage, building controls, and new fuels (like renewable natural gas and potentially hydrogen) show an active R&D mindset. Customer‑facing programs in energy efficiency, community solar, and EV infrastructure further differentiate it from a purely traditional utility model.

Summary

Overall, Avista looks like a steady, infrastructure‑heavy utility gradually improving profitability while investing heavily in the future grid. Earnings and cash generation from operations are reliable, but substantial capital spending keeps free cash tight and debt on an upward path—typical for a growing utility but still a factor to monitor. Its regulated monopoly position, strong hydro assets, and growing clean‑energy and smart‑grid capabilities give it a solid competitive foundation. The company’s focus on modernization, decarbonization, and customer programs suggests a long‑term orientation, with the main balance to watch being how it finances its ambitious investment plans while maintaining financial flexibility.

NEWS

November 12, 2025 · 6:15 PM UTC

Avista Corp. Board Declares Common Stock Dividend

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October 31, 2025 · 8:45 AM UTC

VivoPower's Tembo to Accelerate Africa Expansion in Definitive Agreement with AVA, East Africa's Largest Vehicle Assembler

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October 14, 2025 · 4:05 PM UTC

Avista Corp. Third Quarter 2025 Earnings Conference Call and Webcast Announced

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October 7, 2025 · 12:00 PM UTC

Avista files 2025 Clean Energy Implementation Plan with Washington Commission

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