Avista Corporation (NYSE:AVA) Q3 2024 Earnings Conference Call November 6, 2024 10:30 AM ET

Company Participants

Stacey Wenz - IR Manager
Dennis Vermillion - CEO
Heather Rosentrater - President and COO
Kevin Christie - SVP and CFO, Treasurer and Regulatory Affairs Officer

Conference Call Participants

Brian Russo - Jefferies
Anthony Crowdell - Mizuho
Sophie Karp - KBCM

Operator

Good day and thank you for standing by. Welcome to the Avista Corporation Q3 2024 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.

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

Stacey Wenz

Thank you, Therese. Good morning. Welcome to Avista's third quarter 2024 earnings conference call. Our earnings and third quarter Form 10-Q were released pre-market this morning. You can find both on our website.

Joining me this morning are Avista Corp’s CEO, Dennis Vermillion, President and COO, Heather Rosentrater, Senior Vice President and 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 discussed in today's call.

Please refer to our Form 10-K for 2023 and our Form 10-Q for the third quarter of 2024, which are available on our website for a full discussion of these risk factors. I'll begin with a recap of the financial results presented in today's press release. Our consolidated earnings for the third quarter of 2024 were $0.23 per diluted share, compared to $0.19 for the third quarter of 2023. Year-to-date, consolidated earnings were $1.44 per diluted share, compared to $1.14 last year.

Now, it's my pleasure to hand the call over to Dennis.

Dennis Vermillion

Well thanks, Stacey, and good morning, everyone. It's great to be here with all of you. This is my final earnings call as CEO of Avista. As you know, Heather Rosentrater will be taking over as CEO on January 1st of next year, and I have every confidence in Heather. Throughout her career, she has demonstrated the values, the strength, acumen, and insights to position us for success. She is the right person to lead Avista into the future.