Avista Q3 net income $14.7M ($0.19 EPS) vs loss $5.8M (-$0.08); FY23 guidance narrowed to $2.27-$2.37

AVISTA CORP

2023-Q3 EPS reported $1.14 revenue$1,234,194,000

Avista Utilities net income $13.5M in Q3 vs ($5.9M) in Q3 2022, driven by customer growth and rate case effects.
Year-to-date net income $87.0M ($1.14 EPS), up from $77.2M ($1.06 EPS) in prior-year period.
Narrowed 2023 consolidated earnings guidance to $2.27–$2.37 per diluted share from prior range.
Electric utility margin increased $14.4M (after-tax) in Q3 due to customer growth and rate cases; ERM expense was $1.2M vs $4.5M.
Other businesses had $0.9M net income in Q3 but year-to-date loss of $10.3M from net investment losses.

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 fiscal year 2023 results: EPS $2.27 to $2.37 per diluted share.

Period: fiscal year 2023
EPS: $2.27 to $2.37 per diluted share
Result: guidance update

Exact text from the filing

Due to the impacts of the Energy Recovery Mechanism (ERM) in Washington, we are narrowing our 2023 consolidated earnings guidance range to $2.27 to $2.37 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

AVISTA CORP reported nine months ended Sept. 30, 2023 results: net income $87.0 million, EPS $1.14 per diluted share.

Period: nine months ended Sept. 30, 2023
Net income: $87.0 million
EPS: $1.14 per diluted share
Result: reported results

Exact text from the filing

For the nine months ended Sept. 30, 2023, net income was $87.0 million, or $1.14 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

AVISTA CORP reported third quarter of 2023 results: net income $14.7 million, EPS $0.19 per diluted share.

Period: third quarter of 2023
Net income: $14.7 million
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

Avista Corp. ( NYSE: AVA ) today reported net income of $14.7 million, or earnings of $0.19 per diluted share, for the third quarter of 2023

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AVISTA CORP filing history →

Source: SEC EDGAR

accession 0000950170-23-057046

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