earnings
confidence high
sentiment positive
materiality 0.65
IDACORP Q3 EPS $1.93 vs $2.02 YoY; tightens FY2021 EPS guidance to $4.80-$4.90
IDACORP INC
2021-Q3 EPS reported
$4.20
revenue$1,083,514,000
- Q3 net income $97.9M ($1.93/diluted share) vs $102.0M ($2.02) in Q3 2020; 9-month net income $212.8M ($4.20) vs $199.9M ($3.95) YoY.
- Raised and tightened FY2021 EPS guidance to $4.80-$4.90 from prior $4.70-$4.90; expects 14th consecutive year of earnings growth.
- Customer growth of 2.9% added 16,800 new accounts; transmission wheeling revenues up $4.7M in Q3 and $12.8M YTD.
- Dividend increased to annualized $3.00 per share; Idaho Power does not expect to use additional tax credits this year.
- Return to normal economic activity drove higher O&M expenses; no COVID-19 disruption to operations or supply chain.