Avista Q2 EPS $0.29 vs $0.23 YoY; confirms FY 2024 guidance $2.36-$2.56

AVISTA CORP

2024-Q2 EPS reported $1.20 revenue$1,011,488,000

Net income $22.9M ($0.29 diluted) vs $17.5M ($0.23) in Q2 2023, up 31%.
Avista Utilities segment net income $23.9M ($0.31) vs $18.8M ($0.25) YoY.
Year-to-date EPS $1.20 vs $0.96; confirms FY 2024 EPS guidance $2.36-$2.56.
Begins serving new large electric customer Aug 1; will substantially offset higher power supply costs.
Grid investments improved reliability during recent heat wave.

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