avista corp (AVA) Key Developments
Avista Corp. Presents at UBS West Coast Mini-Conference, Jun-03-2015
Jun 3 15
Avista Corp. Presents at UBS West Coast Mini-Conference, Jun-03-2015 . Venue: Los Angeles and San Francisco, California, United States.
Avista Corp. Presents at American Gas Association 2015 Financial Forum, May-17-2015
May 15 15
Avista Corp. Presents at American Gas Association 2015 Financial Forum, May-17-2015 . Venue: JW Marriott Desert Springs, 74855 Country Club Drive, Palm Desert, CA 92260, United States.
Avista Provides Capital Expenditures Guidance for the Spread from 2015 Through 2017
May 11 15
Avista Corp. plans to invest in its utility systems with an approximately $1.08 billion capital expenditures plan spread from 2015 through 2017.
Avista Corp. Declares Quarterly Dividend on Common Stock, Payable on June 15, 2015
May 7 15
Avista Corp.'s board of directors has declared a quarterly dividend $0.33 per share on the company's common stock. The common stock dividend is payable June 15, 2015, to shareholders of record at the close of business on May 21, 2015.
Avista Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Full Year of 2015
May 6 15
Avista Corp. reported unaudited consolidated earnings results for the first quarter of 2015. The company reported net income attributable to Avista Corp. shareholders of $46.4 million, or $0.74 per diluted share for the first quarter of 2015, compared to $48.5 million, or $0.81 per diluted share for the first quarter of 2014. Earnings for the first quarter of 2015 were below its expectations due to weather that was significantly warmer than normal in its service territory, which reduced heating loads. Operating revenues were $446.490 million against $446.578 million a year ago. Income from continuing operations was $89.575 million or $0.74 diluted per share against $90.342 million or $0.79 diluted per share a year ago. Income from continuing operations before income taxes was $72.709 million against $74.748 million a year ago.
Avista Corp. is confirming its 2015 guidance for consolidated earnings to be in the range of $1.86 to $2.06 per diluted share. Due to significantly warmer than normal weather and reduced heating loads in the first quarter of 2015, the company expects a reduction to annual consolidated earnings of approximately $0.08 per diluted share, including the impacts of decoupling in Washington. The company expects this to be partially offset by a benefit under the ERM of approximately $0.06 to $0.07 per diluted share. The company expects earnings dilution of approximately $0.03 per diluted share in 2015.