Trade Avista Corp - AVA CFD

Avista Corporation Company profile

About Avista Corp

Avista Corporation is an electric and natural gas utility company. The Company's segments include Avista Utilities and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho, and northeastern and southwestern Oregon. 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. The AEL&P segment is a regulated utility providing electric services in Juneau, Alaska. Its regional services include government and higher education, medical services, retail trade and finance. It also has other businesses, including venture fund investments, real estate investments, as well as certain other investments made by Avista Capital, which is a subsidiary of the Company.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Avista Corp revenues increased 9% to $1.44B. Net income increased 14% to $147.3M. Revenues reflect Avista Utilities segment increase of 9% to $1.39B, Alaska Electric Light and Power Company segment increase of 6% to $45.4M. Dividend per share increased from $1.62 to $1.69. Basic Earnings per Share excluding Extraordinary Items increased from $1.91 to $2.11.

Equity composition

Common Stock no Par, 3/11, 200M auth., 57,622,218 issd. Insiders control 0.61%. PO 3/78, 250K shs @ $100 by Kidder Peabody & Co. Cumu. Pref. Stock, 10M auth., Ser. K, 280K issd. 11/93, 2-for-1 stock split. 1/99, Name changed from WA Water Power Co. FY'91, Co. iss. 196K shares. FY'02-'03 Q's are restated.