Avista Corp. 2023 EPS rises to $2.24; 2024 EPS guidance set at $2.36 to $2.56
Avista reported 2023 full-year earnings of $2.24 per diluted share, up from $2.12 in 2022, and fourth-quarter EPS of $1.08, up from $1.05. The company also initiated 2024 consolidated EPS guidance of $2.36 to $2.56, with Avista Utilities contributing most of the expected earnings. Results and guidance point in a favorable direction for shareholders.
- 2023 total net income was $171.2 million, up from $155.2 million in 2022
- Avista Utilities earnings per diluted share rose to $2.18 for 2023 from $1.61 in 2022
- 2024 guidance: consolidated $2.36 to $2.56 per diluted share; Avista Utilities $2.23 to $2.39
- Company expects long-term earnings growth of 4 to 6 percent off a 2025 base year