Avista Corporation (NYSE:AVA) Q3 2022 Earnings Conference Call November 1, 2022 10:30 AM ET

Company Participants

Stacey Wenz - Investors Relations Manager

Dennis Vermillion - President & Chief Executive Officer

Mark Thies - Executive Vice President, Treasurer & Chief Financial Officer

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

Conference Call Participants

Julien Dumoulin-Smith - Bank of America

Sophie Karp - KeyBanc

Brian Russo - Sidoti

Brandon Lee - Mizuho Securities

Operator

Good day and thank you for standing by. Welcome to the Avista Corporation’s Q3 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

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

Stacey Wenz

Good morning, everyone. Welcome to Avista's third quarter 2022 earnings conference call. Our earnings and our third quarter 10-Q were released pre-market this morning, both are available on our website. Joining me this morning I have 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.

Today, we will make certain statements that are forward-looking. These involve assumptions, risks and uncertainties, which are subject to change. For reference to the various factors, which could cause actual results to differ materially from those discussed in today's call, please refer to our 10-K for 2021 and 10-Q for the third quarter of 2022, both are available on our website.

I'll begin by recapping the financial results presented in today's press release. Our consolidated loss for the third quarter of 2022 was $0.08 per diluted share, compared to earnings of $0.20 for the third quarter of 2021. For the year-to-date, consolidated earnings were $1.06 per diluted share for 2022, compared to $1.38 last year.

Now I'll turn the call over to Dennis.

Dennis Vermillion

Well, thanks Stacey and good morning everyone. After an unusually warm and sunny October, it definitely feels like our typical fall weather has now settled into our region. We're getting some pretty good preset but it looks like our first big mountain snow of the season. So that's a good thing.