Avista Corp. reports FY 2022 net income $155.2M ($2.12 EPS), confirms 2023 guidance $2.27-$2.47 EPS

AVISTA CORP

2022-FY EPS reported $2.12 revenue$1,710,207,000

FY 2022 net income $155.2M ($2.12 diluted EPS) vs $147.3M ($2.10) in 2021; Q4 net income $78.0M ($1.05 EPS) vs $50.9M ($0.71).
Avista Utilities segment earnings $117.9M ($1.61 EPS) down from $125.6M ($1.79) due to higher power supply costs and inflation.
Other businesses segment earnings surged to $29.7M ($0.41 EPS) from $14.6M ($0.21) on increased fair value of biotech investment.
Confirmed 2023 consolidated earnings guidance range of $2.27 to $2.47 per diluted share.
Filed multi-year rate plan in Idaho in Feb 2023; Washington rate case settlement approved in Dec 2022.

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 0.9

AVISTA CORP reported the year ended Dec. 31, 2022 results: net income $155.2 million, EPS $2.12 per diluted share. Guidance reaffirmed.

Period: the year ended Dec. 31, 2022
Net income: $155.2 million
EPS: $2.12 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Avista Corp. ( NYSE: AVA ) today reported net income of $155.2 million, or $2.12 per diluted share, for the year ended Dec. 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AVISTA CORP reported the fourth quarter of 2022 results: net income $78.0 million, EPS $1.05 per diluted share. Guidance reaffirmed.

Period: the fourth quarter of 2022
Net income: $78.0 million
EPS: $1.05 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the fourth quarter of 2022, net income was $78.0 million, or $1.05 per diluted share

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Source: SEC EDGAR

accession 0000950170-23-003549

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