Avista Corp AVA:NYSE

Last Price$33.41NYSE Closing Price as of 4:10PM ET 9/24/20
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change+0.05(0.15%)
Bid (Size)$28.39 (1)
Ask (Size)$34.10 (1)
Day Low / High$32.95 - 33.64
Volume410.5 K

Avista Reports Lower Q2 Results, Affirms 2020 EPS Guidance

12:11PM ET 8/05/2020 MT Newswires
Avista (AVA) on Wednesday posted Q2 earnings attributable to shareholders of $0.26 per share, down from $0.38 per share in the year-earlier quarter.

Analysts polled by Capital IQ projected earnings of $0.33 per share.

Operating revenue was $268.3 million for the three months ended June 30, down from $289.8 million a year earlier. The Street forecast was $317.7 million.

The energy company also reaffirmed its 2020 EPS guidance of $1.75 to $1.95.

Avista said it has filed for deferred accounting treatment of net COVID-19 expenses in each of its jurisdictions. However, it expects to experience regulatory lag until 2023. The company said it has filed a general rate case in Oregon in March and expects to file in Washington and Idaho in Q4.

Price: 36.91, Change: -0.06, Percent Change: -0.17