Avista Q2 EPS $0.23 beats $0.16 YoY; reaffirms FY23 guidance $2.27-$2.47 but expects lower end

AVISTA CORP

2023-Q2 EPS reported $0.96 revenue$854,568,000

Q2 diluted EPS $0.23 vs $0.16 YoY; net income $17.5M vs $11.5M.
H1 2023 EPS $0.96 vs $1.15 YoY; net income $72.3M vs $83.0M.
Avista Utilities Q2 net income $18.8M vs $3.95M YoY, driven by rate cases and customer growth.
CEO confirms 2023 EPS guidance range $2.27-$2.47 but expects lower end due to poor hydro conditions and higher ERM costs.
Electric utility margin increased; natural gas margin also up; but hydro generation was one of worst years.

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 2023 full year results: EPS $2.27 to $2.47 per diluted share. Guidance reaffirmed.

Period: 2023 full year
EPS: $2.27 to $2.47 per diluted share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

We are confirming our 2023 consolidated earnings guidance with a range of $2.27 to $2.47 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

AVISTA CORP reported for the six months ended June 30, 2023 results: net income $72.3 million, EPS $0.96 per diluted share.

Period: for the six months ended June 30, 2023
Net income: $72.3 million
EPS: $0.96 per diluted share
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023, net income was $72.3 million, or $0.96 per diluted share

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AVISTA CORP filing history →

Source: SEC EDGAR

accession 0000950170-23-036702

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