---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-016820"
form_type: "8-K"
ticker: "AVA"
cik: "0000104918"
company_name: "AVISTA CORP"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:02:19.596577+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Avista Q1 net income $54.8M, EPS $0.73 down from $0.99; CFO Thies retiring, Christie named

## Summary
- Q1 2023 net income $54.8M ($0.73/diluted) vs $71.6M ($0.99/diluted) in Q1 2022.
- Avista Utilities segment net income fell to $51.6M; $7.6M pre-tax expense under WA ERM from higher power costs.
- Full-year 2023 earnings guidance reaffirmed at $2.27-$2.47 per diluted share.
- CFO Mark Thies to retire Oct 1, 2023; Kevin Christie appointed CFO/Treasurer/SVP Regulatory Affairs effective May 11, 2023.
- Latisha Hill promoted to VP Community Affairs and Chief Customer Officer.

## SEC filing metadata
- accession: 0000950170-23-016820
- form_type: 8-K
- ticker: AVA
- cik: 0000104918
- company_name: AVISTA CORP
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104918/000095017023016820/0000950170-23-016820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104918/000095017023016820/ava-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-016820
- JSON: https://secwatch.observer/filing/0000950170-23-016820.json
- Plain text: https://secwatch.observer/filing/0000950170-23-016820.txt

## Key facts
- Earnings Releases
  AVISTA CORP reported first quarter of 2023, first quarter of 2022 results: net income $54.8 million, $71.6 million, EPS $0.73 per diluted share, $0.99 per diluted share. Guidance reaffirmed.
  - Period: first quarter of 2023, first quarter of 2022
  - Net income: $54.8 million, $71.6 million
  - EPS: $0.73 per diluted share, $0.99 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Avista Corp. ( NYSE: AVA ) today reported net income of $54.8 million, or earnings of $0.73 per diluted share, for the first quarter of 2023, compared to $71.6 million, or $0.99 per diluted share, for the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/104918/000095017023016820/0000950170-23-016820-index.htm
- Executive change
  Mark Thies departed as Executive Vice President, Chief Financial Officer, and Treasurer at AVISTA CORP.
  - Action: retire
  - Role: Executive Vice President, Chief Financial Officer, and Treasurer
  source text: On May 1, 2023, Mark Thies, Executive Vice President, Chief Financial Officer, and Treasurer, announced to the Company's board of directors that he will retire, effective October 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/104918/000095017023016820/0000950170-23-016820-index.htm
- Executive change
  Kevin Christie was appointed as Chief Financial Officer, Treasurer, and Senior Vice President Regulatory Affairs at AVISTA CORP.
  - Action: appointed
  - Role: Chief Financial Officer, Treasurer, and Senior Vice President Regulatory Affairs
  source text: Following the announcement, the Company's board of directors appointed Kevin Christie as Chief Financial Officer, Treasurer, and Senior Vice President Regulatory Affairs, effective May 11, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/104918/000095017023016820/0000950170-23-016820-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.