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Sep 30, 2024
Avista Q3 2024 Earnings Report
Reported continued improvement at core utility from 2023 quarterly results and lowered earnings guidance for other businesses due to lower than expected investment valuations.
Key Takeaways
Avista Corp. announced financial results for the third quarter of 2024, reflecting continued improvement from 2023. However, the company lowered its consolidated earnings guidance due to lower-than-expected valuations in its other businesses.
Quarterly results demonstrate continued improvement at core utility from 2023.
Expect to be at the low end of Avista Utilities guidance range.
Lowering earnings guidance for our other businesses due to lower than expected investment valuations.
Constructive rate order expected for Washington general rate cases in mid-December, and a general rate case was filed in Oregon earlier this month.
Forward Guidance
Avista Corp. is lowering its 2024 consolidated earnings guidance to a range of $2.26 to $2.46 per diluted share as a result of lower-than-expected valuations at our other businesses.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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