Sector: Utilities | Industry: Multiline Utilities |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1411 E MISSION AVE SPOKANE WA 99202 |
Tel: | 1-509-4952046 |
Website: | https://investor.avistacorp.com |
IR: | See website |
Key People | ||
Heather Lynn Rosentrater President, Chief Operating Officer | Latisha D. Hill Chief Customer Officer, Vice President - Community Affairs | Dennis P. Vermillion Chief Executive Officer, Director |
Kevin J. Christie Chief Financial Officer, Treasurer, Senior Vice President - Regulatory Affairs | Bryan Alden Cox Chief People Officer, Senior Vice President - Safety | Gregory C. Hesler Senior Vice President, General Counsel, Corporate Secretary, Chief Ethics / Compliance Officer |
Jason R. Thackston Senior Vice President, Chief Strategy and Clean Energy Officer | Ryan L. Krasselt Principal Accounting Officer, Vice President, Controller | Wayne Manuel Vice President, Chief Information Officer and Chief Security Officer | Joshua Diluciano Vice President - Energy Delivery |
Business Overview |
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Its segment includes Avista Utilities and AEL&P. The Avista Utilities segment comprises of the regulated utility operations in Washington, Idaho, Oregon and Montana. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho. The segment also provides natural gas distribution service in parts of northeastern and southwestern Oregon. The segment also supplies electricity to a small number of customers in Montana. The segment also engages in wholesale purchases and sales of electricity and natural gas as an integral part of energy resource management and its load-serving obligation. Its AEL&P segment is a regulated utility providing electric services in Juneau, Alaska, which is a subsidiary and the primary operating subsidiary of AERC. |
Financial Overview |
For the fiscal year ended 31 December 2023, Avista Corp revenues increased 2% to $1.75B. Net income increased 10% to $171.2M. Revenues reflect Avista Utilities segment increase of 2% to $1.7B, Alaska Electric Light and Power Company segment increase of 5% to $48.1M. Net income benefited from Avista Utilities segment income increase of 31% to $242.7M, Other segment loss decrease of 79% to $2.3M. |
Employees: | 1,858 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,646M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,752M as of Dec 31, 2023 |
EBITDA (TTM): | $523.10M as of Dec 31, 2023 |
Net annual income (TTM): | $171.18M as of Dec 31, 2023 |
Free cash flow (TTM): | -$192.48M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $2,935M as of Dec 31, 2023 |
Shares outstanding: | 78,186,011 as of Mar 1, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |