Every material Form 8-K Avista filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Avista Corp. reported third-quarter 2024 net income of $18.5 million, or $0.23 per diluted share, up from $14.7 million, or $0.19, a year earlier, and year-to-date EPS of $1.44 versus $1.14. The company lowered its 2024 consolidated earnings guidance by $0.10 to a range of $2.26 to $2.46 per diluted share, citing lower-than-expected valuations at its other businesses, which shareholders should weigh against the stronger utility results.
Q3 2024 net income $18.5 million ($0.23 per diluted share) vs. $14.7 million ($0.19) in Q3 2023
Year-to-date 2024 net income $112.8 million ($1.44 per diluted share) vs. $87.0 million ($1.14) in 2023
2024 consolidated EPS guidance lowered to $2.26 to $2.46; Avista Utilities expected near the low end of its $2.23 to $2.39 range
Other businesses now expected to post a net loss in 2024 due to lower private equity valuations
Avista Corp. CEO Dennis Vermillion will step down as CEO and board member effective December 31, 2024, and retire by the end of the first quarter of 2025. The board appointed President and COO Heather Rosentrater as CEO and board member effective January 1, 2025, a planned succession the company described as long-term planning. Her compensation as CEO will be set at a later date.
Vermillion steps down as CEO and board member effective December 31, 2024; he will remain Executive Vice President and strategic advisor until retiring by the end of Q1 2025.
Heather Rosentrater, currently President and COO, becomes President and CEO and a board member effective January 1, 2025.
Rosentrater joined Avista in 1999 and became President and COO on October 1, 2023; she is the first female CEO in company history.
Compensation and employment terms for Rosentrater as CEO have not yet been determined.
Avista Corp. reported second-quarter 2024 net income of $22.9 million, or $0.29 per diluted share, up from $17.5 million, or $0.23, a year earlier. Year-to-date net income rose to $94.4 million, or $1.20 per diluted share, from $72.3 million, or $0.96. The company confirmed its 2024 consolidated earnings guidance of $2.36 to $2.56 per diluted share and said a large new electric customer added August 1 is expected to substantially offset higher power supply costs in 2024.
Q2 2024 net income was $22.9 million ($0.29 per diluted share) versus $17.5 million ($0.23) in Q2 2023.
Year-to-date 2024 net income was $94.4 million ($1.20 per diluted share) versus $72.3 million ($0.96) in 2023.
2024 consolidated earnings guidance of $2.36 to $2.56 per diluted share was confirmed, with Avista Utilities expected at $2.23 to $2.39.
The company expects to issue approximately $70 million of common stock in 2024 and does not expect additional long-term debt in 2024.
Avista Corp. reported first-quarter 2024 net income of $71.5 million, or $0.91 per diluted share, up from $54.8 million, or $0.73 per diluted share, in the first quarter of 2023. The company confirmed its 2024 consolidated earnings guidance of $2.36 to $2.56 per diluted share, and said the Energy Recovery Mechanism is expected to reduce 2024 earnings by $0.07 per diluted share.
Q1 2024 net income was $71.5 million versus $54.8 million in Q1 2023
Q1 2024 earnings per diluted share were $0.91 versus $0.73 a year earlier
2024 consolidated earnings guidance confirmed at $2.36 to $2.56 per diluted share
Avista Utilities expects to contribute $2.23 to $2.39 per diluted share in 2024; the ERM is expected to have a negative $0.07 impact for the full year
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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Avista filing is on SEC EDGAR ↗. 8-K briefs of other companies →