secwatch.observer — SEC 8-K summary
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Issuer:     IDACORP INC (IDA)
CIK:        0001057877
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001057877-22-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDACORP Q2 EPS $1.27 vs $1.38 YoY; lifts low-end of 2022 guidance to $4.95-$5.05
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- Q2 net income $64.3M ($1.27/diluted) vs $70.0M ($1.38) in Q2 2021; H1 net income $110.5M ($2.18) vs $114.9M ($2.27).
- Customer growth of 2.6% (+15,500 customers) but lower per-customer usage due to mild weather cut operating income by $25.9M in Q2.
- 2022 EPS guidance raised to $4.95-$5.05 from $4.85-$5.05; O&M expense guidance raised to $365-$375M; capex guidance raised to $500-$520M.
- Bridger Order expected to add ~$10M net income in 2023; depreciation expense fell $8.8M in Q2 due to accelerated coal asset accounting.
- Transmission wheeling revenues up $2.9M; inflation and scheduled maintenance increased O&M by $12.0M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057877/000105787722000054/0001057877-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49648/000105787722000054/ida-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001057877-22-000054

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