Avista Corporation (NYSE:AVA) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET
Company Participants
Stacey Wenz - IR Manager
Dennis Vermillion - President and CEO
Kevin Christie - SVP and CFO
Conference Call Participants
Tanner James - Bank of America Securities
Brian Russo - Sidoti
Jamieson Ward - Guggenheim Partners
Willard Grainger - Mizuho Financial Group
Operator
Good day, and thank you for standing by. Welcome to the Avista Corporation Q3 2023 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 first speaker today, Stacey Wenz, Investor Relations Manager. Please go ahead.
Stacey Wenz
Good morning. Welcome to Avista's third quarter 2023 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 are Avista Corp.'s CEO, Dennis Vermillion; President and COO, Heather Rosentrater; Senior Vice President, CFO, Treasurer and Regulatory Affairs 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. Various factors could cause actual results to differ materially from the expectations discussed in today's call. Please refer to our 10-K for 2022 and 10-Q for the third quarter of 2023, which are available on our website for a full discussion of these risk factors.
To begin, I'll recap the financial results presented in today's press release. Our consolidated earnings for the third quarter of 2023 were $0.19 per diluted share compared to a loss of $0.08 for the third quarter of 2022. Year-to-date, consolidated earnings were $1.14 per diluted share for 2023 compared to $1.06 last year.
Now, I'll turn the call over to Dennis.
Dennis Vermillion
Well, thanks, Stacey and good morning everyone. I hope you're enjoying some nice fall weather wherever you're at here in Spokane and the inland Northwest. The leaves are showing their brilliant colors and we even experienced our first light snowfall last week, first one of the season. I'd like to begin by welcoming Heather Rosentrater to our earnings call this morning.
In September, you may have seen we announced that Heather would become Avista's 15th President. She is the first female President in our company's 134-year history. You all get a chance to meet Heather at the EEI Financial Conference coming up in November in a couple of weeks.