Avista

Q2 FY2026 EarningsQ2 FY26 results beat consensus estimates across all major bottom-line metrics, despite a slight miss on revenue. Normalized EPS reached $0.43, significantly exceeding the $0.24 mean estimate, driven primarily by $22M in equity method earnings from a fair market valuation increase in EIP I holdings. Operating revenues of $413M fell short of the $419.2M consensus due to industrial volume declines following a major customer departure and milder weather patterns, though this was offset by general rate case increases. Management maintained a robust long-term capital plan but noted a potential $100M short-term liquidity need by Q4 FY26 due to regulatory deferrals.