Avista Q3 net loss of $5.8M ($0.08 loss per share); lowers 2022 and 2023 guidance

AVISTA CORP

2022-Q3 EPS reported $1.06 revenue$1,200,058,000

Q3 2022 net loss $5.8M ($0.08 loss per diluted share) vs Q3 2021 net income $14.4M ($0.20 EPS).
Year-to-date Sept 30 2022 net income $77.2M ($1.06 EPS) down from $96.5M ($1.38 EPS) year ago.
Management lowers 2022 EPS guidance by $0.05 to $1.88-$2.08; 2023 guidance cut by $0.15 to $2.27-$2.47.
Avista Utilities segment had Q3 net loss of $5.987M; higher interest costs and operating expenses cited.
CEO cites rising interest rates and inflationary cost pressures as main headwinds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

AVISTA CORP reported 2022 full year results: EPS $1.88 to $2.08 per diluted share. Guidance lowered.

Period: 2022 full year
EPS: $1.88 to $2.08 per diluted share
Guidance: lowered
Result: guidance update

Exact text from the filing

we are lowering our 2022 consolidated earnings guidance by $0.05 per diluted share to a range of $1.88 to $2.08 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

AVISTA CORP reported nine months ended September 30, 2022 results: net income $77.2 million, EPS $1.06 per diluted share. Guidance lowered.

Period: nine months ended September 30, 2022
Net income: $77.2 million
EPS: $1.06 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

For the nine months ended Sept. 30, 2022, net income was $77.2 million, or $1.06 per diluted share, compared to $96.5 million, or $1.38 per diluted share, for the nine months ended Sept. 30, 2021.

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Source: SEC EDGAR

accession 0000950170-22-020660

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