AVA Chart
About

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through two segments, Avista Utilities and Alaska Electric Light and Power Company (AEL&P). The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution and transmission services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana. This segment also engages in the supply of electricity to customers in Montana; and wholesale purchase and sale of electricity and natural gas. The Alaska Electric Light and Power Company segment offers electric services in Juneau, Alaska. The company generates electricity through hydroelectric, thermal, wind, and solar generation facilities. As of December 31, 2025, it supplied retail electrical services to approximately 429,000 customers; retail natural gas services to approximately 386,000 customers; and electrical energy to approximately 17,600 customers. The company also operates five hydroelectric generation facilities with a capacity of 102.7 MW; and four diesel generating facilities with a capacity of 107.5 MW. In addition, it engages in venture fund investments, real estate investments, and other investments. The company was formerly known as Washington Water Power and changed its name to Avista Corporation in January 1999. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.

Fundamentals
Scroll to Statements
Sector Utilities Industry Utilities - Diversified Market Cap 3.26B
Enterprise Value 6.56B Income 193.00M Sales 1.96B
Book/sh 32.96 Cash/sh 0.23 Dividend Yield 4.95%
Payout 82.35% Employees — IPO —
P/E 16.67 Forward P/E 13.88 PEG —
P/S 1.66 P/B 1.20 P/C —
EV/EBITDA 10.17 EV/Sales 3.34 Quick Ratio 0.32
Current Ratio 0.83 Debt/Eq 122.48 LT Debt/Eq —
EPS (ttm) 2.38 EPS next Y 2.86 EPS Growth 2.80%
Revenue Growth 0.00% Earnings 2026-05-06 ROA 2.73%
ROE 7.28% ROIC — Gross Margin 64.82%
Oper. Margin 20.83% Profit Margin 9.83% Shs Outstand 82.25M
Shs Float 81.53M Short Float 6.10% Short Ratio 5.48
Short Interest — 52W High 43.50 52W Low 35.50
Beta 0.21 Avg Volume 739.76K Volume 668.45K
Target Price $40.33 Recom Hold Prev Close $39.66
Price $39.67 Change 0.03%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$40.33
Mean price target
2. Current target
$39.67
Latest analyst target
3. DCF / Fair value
$-33.48
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$39.67
Low
$36.00
High
$49.00
Mean
$40.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-09 init Barclays — → Equal-Weight $40
2026-01-28 main Jefferies Hold → Hold $39
2026-01-20 main Wells Fargo Equal-Weight → Equal-Weight $37
2025-10-28 init Wells Fargo — → Equal-Weight $38
2025-10-22 main Jefferies Hold → Hold $41
2025-06-05 main Jefferies Hold → Hold $40
2025-01-28 main Jefferies Hold → Hold $39
2024-12-09 init Jefferies — → Hold $40
2024-05-03 up Mizuho Underperform → Neutral $36
2024-01-22 up Guggenheim Sell → Neutral $34
2023-09-22 main Mizuho Underperform → Underperform $33
2023-08-25 up Keybanc Underweight → Sector Weight —
2023-07-21 main Mizuho Underperform → Underperform $36
2023-07-07 main Guggenheim Sell → Sell $33
2023-02-09 down Mizuho Neutral → Underperform $38
2023-01-17 main Keybanc — → Underweight $32
2022-12-13 main Mizuho — → Neutral $44
2022-11-02 down Mizuho Buy → Neutral $40
2022-11-02 down Keybanc Sector Weight → Underweight $33
2022-09-23 up Mizuho Neutral → Buy —
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 1051 — — MEYER DAVID JOSEPH Divisional Officer — 2026-03-02 00:00:00 D nan
1 2052 — — THACKSTON JASON R Officer — 2026-03-02 00:00:00 D nan
2 2052 — — THACKSTON JASON R Officer — 2026-03-02 00:00:00 D nan
3 2724 — — CHRISTIE KEVIN J Chief Financial Officer — 2026-03-02 00:00:00 D nan
4 1051 — — KRASSELT RYAN L Officer — 2026-03-02 00:00:00 D nan
5 2752 — — ROSENTRATER HEATHER LYNN Chief Executive Officer — 2026-03-02 00:00:00 D nan
6 1376 — — COX BRYAN ALDEN Officer — 2026-03-02 00:00:00 D nan
7 1652 — — HESLER GREGORY CURTIS Officer — 2026-03-02 00:00:00 D nan
8 1051 — — HILL LATISHA DIANE Officer — 2026-03-02 00:00:00 D nan
9 1126 — — DILUCIANO JOSHUA D Officer — 2026-03-02 00:00:00 D nan
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-110.60K32.79K840.00K11.55M
TaxRateForCalcs0.110.020.210.21
NormalizedEBITDA655.00M600.00M538.00M451.00M
TotalUnusualItems-1.00M2.00M4.00M55.00M
TotalUnusualItemsExcludingGoodwill-1.00M2.00M4.00M55.00M
NetIncomeFromContinuingOperationNetMinorityInterest193.00M180.00M171.00M155.00M
ReconciledDepreciation289.00M274.00M265.00M253.00M
ReconciledCostOfRevenue691.00M798.00M702.00M736.00M
EBITDA654.00M602.00M542.00M506.00M
EBIT365.00M328.00M277.00M253.00M
NetInterestIncome-136.00M-131.00M-125.00M-111.00M
InterestExpense148.00M145.00M140.00M115.00M
InterestIncome12.00M14.00M15.00M4.00M
NormalizedIncome193.89M178.03M167.84M111.55M
NetIncomeFromContinuingAndDiscontinuedOperation193.00M180.00M171.00M155.00M
TotalExpenses1.61B1.63B1.49B1.52B
TotalOperatingIncomeAsReported354.00M306.00M258.00M190.00M
DilutedAverageShares81.05M78.82M76.50M73.09M
BasicAverageShares80.97M78.72M76.40M72.99M
DilutedEPS2.382.292.242.12
BasicEPS2.382.292.242.13
DilutedNIAvailtoComStockholders193.00M180.00M171.00M155.00M
NetIncomeCommonStockholders193.00M180.00M171.00M155.00M
NetIncome193.00M180.00M171.00M155.00M
MinorityInterests0.00
NetIncomeIncludingNoncontrollingInterests193.00M180.00M171.00M155.00M
NetIncomeContinuousOperations193.00M180.00M171.00M155.00M
TaxProvision24.00M3.00M-34.00M-17.00M
PretaxIncome217.00M183.00M137.00M138.00M
OtherIncomeExpense-1.00M8.00M4.00M59.00M
OtherNonOperatingIncomeExpenses6.00M1.21M4.00M1.74M
SpecialIncomeCharges11.00M9.00M7.00M7.00M
OtherSpecialCharges-11.00M-9.00M-7.00M-7.00M
RestructuringAndMergernAcquisition0.00
GainOnSaleOfSecurity-12.00M-7.00M-3.00M48.00M
NetNonOperatingInterestIncomeExpense-136.00M-131.00M-125.00M-111.00M
InterestExpenseNonOperating148.00M145.00M140.00M115.00M
InterestIncomeNonOperating12.00M14.00M15.00M4.00M
OperatingIncome354.00M306.00M258.00M190.00M
OperatingExpense919.00M834.00M792.00M784.00M
OtherOperatingExpenses509.00M444.00M417.00M417.00M
OtherTaxes121.00M116.00M110.00M114.00M
DepreciationAmortizationDepletionIncomeStatement289.00M274.00M265.00M253.00M
DepreciationAndAmortizationInIncomeStatement289.00M274.00M265.00M253.00M
GrossProfit1.27B1.14B1.05B974.00M
CostOfRevenue691.00M798.00M702.00M736.00M
TotalRevenue1.96B1.94B1.75B1.71B
OperatingRevenue1.96B1.94B1.75B1.71B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber82.19M80.04M78.07M74.95M
ShareIssued82.19M80.04M78.07M74.95M
NetDebt3.17B2.99B2.90B2.80B
TotalDebt3.29B3.12B3.03B2.92B
TangibleBookValue2.64B2.52B2.41B2.26B
InvestedCapital5.90B5.61B5.42B5.14B
WorkingCapital-149.00M-115.00M-113.00M-242.73M
NetTangibleAssets2.64B2.52B2.41B2.26B
CapitalLeaseObligations92.00M97.00M103.00M106.78M
CommonStockEquity2.71B2.59B2.48B2.33B
TotalCapitalization5.51B5.26B5.05B4.67B
TotalEquityGrossMinorityInterest2.71B2.59B2.48B2.33B
StockholdersEquity2.71B2.59B2.48B2.33B
GainsLossesNotAffectingRetainedEarnings-1.00M0.00-357.00K-2.06M
OtherEquityAdjustments-1.00M-357.00K-2.06M-11.04M
RetainedEarnings905.00M871.00M841.00M811.54M
CapitalStock1.80B1.72B1.64B1.53B
CommonStock1.80B1.72B1.64B1.53B
TotalLiabilitiesNetMinorityInterest5.65B5.35B5.22B5.08B
TotalNonCurrentLiabilitiesNetMinorityInterest4.77B4.58B4.44B4.12B
OtherNonCurrentLiabilities160.00M98.00M43.00M16.62M
DerivativeProductLiabilities10.00M12.00M18.00M7.89M
EmployeeBenefits65.00M75.00M90.00M93.90M
NonCurrentPensionAndOtherPostretirementBenefitPlans65.00M75.00M90.00M93.90M
NonCurrentDeferredLiabilities805.00M779.00M746.00M703.78M
NonCurrentDeferredTaxesLiabilities805.00M779.00M746.00M703.78M
LongTermDebtAndCapitalLeaseObligation2.90B2.76B2.67B2.44B
LongTermCapitalLeaseObligation92.00M97.00M103.00M106.78M
LongTermDebt2.81B2.67B2.57B2.33B
LongTermProvisions16.00M18.00M18.00M15.78M
CurrentLiabilities878.00M771.00M775.00M964.53M
OtherCurrentLiabilities198.00M173.00M166.00M172.26M
CurrentDeferredLiabilities19.00M14.00M0.008.48M
CurrentDeferredRevenue19.00M14.00M0.008.48M
CurrentDebtAndCapitalLeaseObligation388.00M354.00M364.00M476.50M
CurrentCapitalLeaseObligation7.58M7.39M
CurrentDebt388.00M354.00M364.00M476.50M
OtherCurrentBorrowings388.00M354.00M364.00M476.50M
PensionandOtherPostRetirementBenefitPlansCurrent50.00M47.00M46.00M44.90M
PayablesAndAccruedExpenses223.00M183.00M199.00M262.38M
CurrentAccruedExpenses27.00M24.00M24.00M20.86M
InterestPayable27.00M24.00M24.00M20.86M
Payables196.00M159.00M175.00M241.52M
TotalTaxPayable33.00M34.00M32.00M38.57M
AccountsPayable163.00M125.00M143.00M202.95M
TotalAssets8.36B7.94B7.70B7.42B
TotalNonCurrentAssets7.63B7.29B7.04B6.70B
OtherNonCurrentAssets23.00M20.00M16.00M15.22M
DefinedPensionBenefit61.00M35.00M33.00M13.38M
NonCurrentPrepaidAssets17.94M8.46M
NonCurrentDeferredAssets9.00M9.00M8.00M7.54M
NonCurrentNoteReceivables12.00M16.00M15.00M17.95M
InvestmentsAndAdvances160.00M169.00M165.00M159.36M
InvestmentinFinancialAssets148.00M157.00M153.00M147.81M
AvailableForSaleSecurities148.00M157.00M153.00M147.81M
LongTermEquityInvestment12.00M12.00M12.00M11.55M
InvestmentsInOtherVenturesUnderEquityMethod12.00M12.00M12.00M11.55M
GoodwillAndOtherIntangibleAssets70.00M70.00M71.00M70.36M
OtherIntangibleAssets18.00M18.00M19.00M17.94M
Goodwill52.00M52.00M52.00M52.43M
NetPPE6.42B6.12B5.84B5.58B
AccumulatedDepreciation-2.58B-2.43B-2.28B-2.28B
GrossPPE9.00B8.55B8.12B7.86B
ConstructionInProgress303.00M238.00M180.00M164.15M
OtherProperties105.00M132.00M138.00M133.69M
CurrentAssets729.00M656.00M662.00M721.80M
OtherCurrentAssets151.00M148.00M156.00M199.67M
HedgingAssetsCurrent8.00M11.00M12.00M84.34M
PrepaidAssets56.00M37.00M53.00M30.20M
Inventory236.00M193.00M160.00M107.67M
OtherInventories144.00M89.00M72.00M26.79M
Receivables259.00M237.00M246.00M286.49M
TaxesReceivable39.00M32.00M29.00M30.74M
AccountsReceivable220.00M205.00M217.00M255.75M
AllowanceForDoubtfulAccountsReceivable-5.00M-5.00M-5.00M-6.47M
GrossAccountsReceivable225.00M210.00M222.00M262.22M
CashCashEquivalentsAndShortTermInvestments19.00M30.00M35.00M13.43M
CashAndCashEquivalents19.00M30.00M35.00M13.43M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-101.00M1.00M-52.00M-328.00M
RepaymentOfDebt-4.00M-3.00M-17.00M-253.00M
IssuanceOfDebt140.00M84.00M250.00M400.00M
IssuanceOfCapitalStock78.00M68.00M113.00M137.00M
CapitalExpenditure-570.00M-533.00M-499.00M-452.00M
InterestPaidSupplementalData144.00M141.00M132.00M107.00M
IncomeTaxPaidSupplementalData12.00M2.50M2.00M3.65M
EndCashPosition19.00M30.00M35.00M13.00M
BeginningCashPosition30.00M35.00M13.00M22.00M
ChangesInCash-11.00M-5.00M22.00M-9.00M
FinancingCashFlow84.00M0.0085.00M327.00M
CashFlowFromContinuingFinancingActivities84.00M0.0085.00M327.00M
NetOtherFinancingCharges-4.00M-4.00M-6.00M-7.00M
CashDividendsPaid-159.00M-150.00M-141.00M-129.00M
CommonStockDividendPaid-159.00M-150.00M-141.00M-129.00M
NetCommonStockIssuance78.00M68.00M113.00M137.00M
CommonStockIssuance78.00M68.00M113.00M137.00M
NetIssuancePaymentsOfDebt169.00M86.00M119.00M326.00M
NetShortTermDebtIssuance33.00M5.00M-114.00M179.00M
ShortTermDebtIssuance179.00M81.00M
NetLongTermDebtIssuance136.00M81.00M233.00M147.00M
LongTermDebtPayments-4.00M-3.00M-17.00M-253.00M
LongTermDebtIssuance140.00M84.00M250.00M400.00M
InvestingCashFlow-564.00M-539.00M-510.00M-460.00M
CashFlowFromContinuingInvestingActivities-564.00M-539.00M-510.00M-460.00M
NetOtherInvestingChanges10.00M4.00M-1.00M1.00M
NetInvestmentPurchaseAndSale-4.00M0.00-10.00M-9.00M
SaleOfInvestment0.000.003.00M1.00M
PurchaseOfInvestment-4.00M-13.00M-10.00M-16.00M
NetBusinessPurchaseAndSale-10.00M-13.00M-10.00M-16.00M
PurchaseOfBusiness-10.00M-13.00M-10.00M-16.00M
CapitalExpenditureReported-570.00M-533.00M-499.00M-452.00M
OperatingCashFlow469.00M534.00M447.00M124.00M
CashFlowFromContinuingOperatingActivities469.00M534.00M447.00M124.00M
ChangeInWorkingCapital-43.00M-1.00M39.00M-140.00M
ChangeInOtherWorkingCapital12.00M18.00M129.00M-141.00M
ChangeInOtherCurrentLiabilities15.00M13.00M15.00M22.00M
ChangeInOtherCurrentAssets-23.00M16.00M-26.00M-7.00M
ChangeInPayablesAndAccruedExpense25.00M-8.00M-66.00M66.00M
ChangeInPayable25.00M-8.00M-66.00M66.00M
ChangeInAccountPayable25.00M-8.00M-66.00M66.00M
ChangeInInventory-43.00M-40.00M-52.00M-23.00M
ChangeInReceivables-29.00M0.0039.00M-57.00M
ChangesInAccountReceivables-24.00M3.00M37.00M-56.00M
OtherNonCashItems-9.00M60.00M-16.00M-117.00M
StockBasedCompensation9.00M9.00M8.00M9.00M
AmortizationOfSecurities0.00
DeferredTax2.00M-5.00M-37.00M-18.00M
DeferredIncomeTax2.00M-5.00M-37.00M-18.00M
DepreciationAmortizationDepletion289.00M274.00M265.00M253.00M
DepreciationAndAmortization289.00M274.00M265.00M253.00M
OperatingGainsLosses28.00M17.00M17.00M-18.00M
PensionAndEmployeeBenefitExpense15.00M12.00M14.00M32.00M
GainLossOnInvestmentSecurities3.37M-50.01M-23.19M
NetIncomeFromContinuingOperations193.00M180.00M171.00M155.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AVA
Date User Asset Broker Type Position Size Entry Price Patterns