Avista Corporation (NYSE:AVA) Q2 2022 Earnings Conference Call August 3, 2022 10:30 AM ET

Company Participants

Stacey Wenz - IR Manager

Dennis Vermillion - President and CEO

Mark Thies - EVP, Treasurer and CFO

Kevin Christie - SVP, External Affairs and Chief Customer Officer

Conference Call Participants

Kody Clark - Bank of America

Brandon Lee - Mizuho

Operator

Good day and thank you for standing by. Welcome to the Avista Corporation Second Quarter 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]

I would now like to hand the conference over to Stacey Wenz, Investors Relations Manager. The floor is yours.

Stacey Wenz

Good morning, everyone. Welcome to Avista's second quarter 2022 earnings conference call. Our earnings and our second quarter 10-Q were released pre-market this morning, both are available on our website. Joining me this morning are Avista Corp, President and CEO, Dennis Vermillion; Executive Vice President, Treasurer and CFO, Mark Thies; and Senior Vice President, External Affairs and Chief Customer Officer, Kevin Christie.

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 second quarter of 2022, which are available on our website.

I'll begin by recapping the financial results presented in today's press release. Our consolidated earnings for the second quarter of 2022 were $0.16 per diluted share compared to $0.20 for the second quarter of 2021. For the year-to-date., consolidated earnings were $1.15 per diluted share for 2022 compared to $1.18 last year.

Now I'll turn the discussion over to Dennis.

Dennis Vermillion

Well, thanks Stacey, and good morning everyone.

I hope you're enjoying your summer so far. After a cool wet spring, summer finally hit our region with a vengeance actually here recently. We had triple-digit temperatures across the entire Pacific Northwest region and it made national news.

Of course, the ongoing investments we've made to our system help keep our customers safe and cool during the excessive heat and we were relieved to see these temperatures give way to a more normal summer weather pattern this week as the heat wave moves - moved eastward to share with everybody else across the country.