He is the author of the Russian libretto to Rogneda by Alexander Serov.

Averkiyev's best known plays were Frol Skorbeyev (Фрол Скорбеев, 1869) and Old Times in Kashira (Каширская старина, 1872); both continued to be produced into the Soviet times.

He was also an acclaimed theatre critic who contributed to Epokha, Moskovskiye Vedomosti, Novoye Vremya and Vsemirnaya Illyustratsiya (where he was the head of the literary section, in 1869–1871).

Averkiyev's magnum opus On Drama won him the Pushkin Prize in 1893.

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