secwatch.observer — SEC 8-K summary
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Issuer:     AVISTA CORP (AVA)
CIK:        0000104918
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000950170-22-020660
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104918/000095017022020660/0000950170-22-020660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104918/000095017022020660/ava-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020660

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