Avista Corporation. (NYSE:AVA) Q1 2024 Earnings Conference Call May 1, 2024 10:30 AM ET

Company Participants

Stacey Wenz - Investor Relations Manager
Dennis Vermillion - Chief Executive Officer
Heather Rosentrater - President and COO
Kevin Christie - SVP, CFO, Treasurer and Regulatory Affairs Officer
Ryan Krasselt - Vice President, Controller and Principal Accounting Officer.

Conference Call Participants

Operator

Good day and thank you for standing by. Welcome to the Avista Corporation Q1 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded.

I would now like to hand the conference over to our first speaker for today, Stacey Wenz, Investor Relations Manager. Stacey, you may begin.

Stacey Wenz

Thank you. Good morning, everyone. Welcome to Avista's First Quarter 2024 Earnings Conference Call. Our earnings and first quarter Form 10-Q were released premarket this morning. You can find both on our website.

Joining me this morning are Avista's 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 we discuss in today's call. Please refer to our Form 10-K for 2023 and our Form 10-Q for the first quarter of 2024, which are available on our website for a full discussion of these factors.

First, I will recap the financial results presented in today's press release. Our consolidated earnings for the first quarter of 2024 were $0.91 per diluted share compared to $0.73 for the first quarter of 2023.

Now I'll turn the call over to Dennis.

Dennis Vermillion

Well, thanks, Stacey, and good morning, everyone. In March, Avista marked its 135th anniversary. In the midst of unprecedented change in our industry I look back on our history and realized that our legacy of innovation is still alive and well. We've made our ways through seismic shift before, and we're prepared to meet today's challenges and those of the future. I continue to be inspired by the innovation that makes it possible not only to persevere, but to prevail over the years. Who we are today is a testament to the thoughtful planning and careful building of our predecessors who formed the company that we've inherited.