AVISTA CORP
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
AVA$40.21+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Financial Statements (unaudited)
Item 1. Condensed Consolid ated Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the Three and Nine Months Ended September 30
Dollars in millions, except per share amounts
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Operating Revenues: | ||||
| Utility revenues, exclusive of alternative revenue programs | $422 | $411 | $1,367 | $1,435 |
| Alternative revenue programs | (1) | (8) | 37 | (4) |
| Total operating revenues | 421 | 403 | 1,404 | 1,431 |
| Operating Expenses: | ||||
| Utility operating expenses: | ||||
| Resource costs | 132 | 115 | 465 | 501 |
| Other operating expenses | 121 | 125 | 385 | 377 |
| Depreciation and amortization | 75 | 73 | 210 | 216 |
| Taxes other than income taxes | 27 | 27 | 89 | 91 |
| Non-utility operating expenses | — | 3 | 1 | 4 |
| Total operating expenses | 355 | 343 | 1,150 | 1,189 |
| Income from operations | 66 | 60 | 254 | 242 |
| Interest expense | 41 | 38 | 120 | 113 |
| Interest expense to affiliated trusts | — | 1 | 1 | 2 |
| Capitalized interest | (2) | (1) | (6) | (4) |
| Other income-net | (6) | (8) | (17) | (16) |
| Income before income taxes and equity method earnings (losses) | 33 | 30 | 156 | 147 |
| Income tax expense | 7 | 2 | 26 | 15 |
| Equity method earnings (losses) | 23 | 1 | 46 | (10) |
| Net income and Comprehensive income | $49 | $29 | $176 | $122 |
| Weighted-average common shares outstanding (thousands), basic | 83,754 | 81,232 | 83,051 | 80,721 |
| Weighted-average common shares outstanding (thousands), diluted | 83,804 | 81,278 | 83,089 | 80,787 |
| Earnings per common share: | ||||
| Basic | $0.58 | $0.36 | $2.11 | $1.51 |
| Diluted | $0.57 | $0.36 | $2.11 | $1.51 |
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