IDACORP Q1 EPS $0.91 vs $0.89; affirms FY2022 guidance $4.85-$5.05

IDACORP INC

2022-Q1 EPS reported $0.91 revenue$318,182,000

Net income $46.3M ($0.91 EPS) vs $44.8M ($0.89) in Q1 2021.
Customer growth of 2.6% added $3.0M; colder weather increased usage per customer by $9.3M.
O&M expenses increased $6.4M due to Langley Gulch maintenance and inflation.
FY2022 EPS guidance affirmed at $4.85-$5.05; no additional ADITC expected.
Hydropower generation guidance lowered to 5.0-6.5M MWh from 5.5-7.5M MWh.

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