Avista reports Q4 EPS $1.08, consensus $1.14

Reports Q4 revenue $504.44M, consensus $545.78M. “We made significant progress improving our earned return at Avista Utilities in 2023. I am proud of the way we worked together to deliver these results, despite the headwinds of increased interest rates and the impact of higher power supply costs. The team’s ability to find solutions to manage our costs and work toward constructive regulatory outcomes shows in Avista Utilities’ earnings. We executed the next step of our strategy this January when we filed a multi-year rate plan in Washington,” said Avista CEO Dennis Vermillion.