Filing Flows › Avista (AVA) › Q1 2026
Avista (AVA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Avista (AVA) reported revenue of $570M for the first quarter 2026 (Q1 2026), -8% from a year earlier and +7% from the quarter before. Operating margin was 23.5%, net earnings $92.0M (16.1% of revenue).
Avista, Q1 2026: revenue $570M (-8% year over year), operating margin 23.5%, net earnings $92.0M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $570M | +7% | -8% |
| Operating profit | $134M | +20% | +7% |
| Net earnings | $92.0M | +30% | +16% |
| Operating cash flow | $179M | +139% | -3% |
| Free cash flow | $29.0M | — | -64% |
What changed
Revenue was $570.0M in Q1 2026, down 8% year over year and up 7% from the previous quarter.
Operating profit was $134.0M, a 23.5% margin (up 3.2 points year over year). Total costs fell 11% while revenue fell 8%. Net earnings were $92.0M, up 16% year over year. The effective tax rate was 12.4%.
Operating cash flow was $179.0M (down 3% year over year), 195% of net earnings. Non-cash charges added back $67.0M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $17.0M. Capital expenditures of $150.0M left free cash flow of $29.0M.
Questions
What was Avista's revenue in the first quarter 2026?
Avista (AVA) reported revenue of $570M for the first quarter 2026 (Q1 2026), -8% from a year earlier and +7% from the quarter before.
Was Avista profitable in the first quarter 2026?
Operating profit was $134M (23.5% of revenue) and net earnings $92.0M.
Source: Avista 10-Q on SEC EDGAR.