Avista Corporation (NYSE:AVA) Q4 2022 Earnings Conference Call February 22, 2023 10:30 AM ET

Company Participants

Stacey Wenz - Investors Relations Manager

Dennis Vermillion - President and Chief Executive Officer

Mark Thies - Executive Vice President and Chief Financial Officer

Kevin Christie - Senior Vice President, External Affairs and Chief Customer Officer

Conference Call Participants

Brian Russo - Sidoti & Company, LLC

Operator

Good day, and thank you for standing by. Welcome to the Avista Corporation Q4 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Stacey Wenz, Investors Relations Manager. Please go ahead.

Stacey Wenz

Good morning. Welcome to Avista's fourth quarter and fiscal year 2022 earnings conference call. Our earnings and our 2022 Form 10-K were released pre-market this morning, both are available on our website. Joining me this morning, our Avista Corp., President and CEO, Dennis Vermillion; Executive Vice President, Treasurer and CFO, Mark Thies; Senior Vice President, External Affairs and Chief Customer Officer, Kevin Christie; and Vice President Controller and Principal Accounting Officer, Ryan Krasselt.

Some of the statements we will make today are forward-looking and involve assumptions, risks and uncertainties, which are subject to change. For reference to the various factors, which could cause results to differ materially from those discussed in today's call, please refer to our 10-K for 2022, which is available on our website.

I'll begin by recapping the financial results presented in today's press release. For the full-year, consolidated earnings were $2.12 per diluted share for 2022 compared to $2.10 last year. Our consolidated earnings for the fourth quarter of 2022 were $1.05 per diluted share compared to $0.71 for the fourth quarter of 2021.

Now I'll turn the discussion over to Dennis.

Dennis Vermillion

Well, thanks, Stacey and good morning, everyone. I hope the new year is off to a great start for you all. Avista ended 2022 with a memorable accomplishment in November. Mark and Kevin and I were among a group of Senior Executives and Board Members who stood on the podium above the New York Stock Exchange to ring the closing bell to celebrate our 70th anniversary of being listed on the NYSE. It was pretty cool. We are among the top 10% of the longest listed members of the NYSE. Very few companies can state claim to such an extraordinary achievement.