earnings
confidence high
sentiment positive
materiality 0.70
IDACORP Q3 EPS $2.10 vs $1.93; raises 2022 guidance to $5.05-$5.15
IDACORP INC
2022-Q3 EPS reported
$4.28
revenue$1,179,059,000
- Net income $106.4M ($2.10/diluted share) vs $97.9M ($1.93) in Q3 2021.
- Customer base grew 2.5% (+15,100 customers) over prior year.
- 2022 EPS guidance raised to $5.05-$5.15 from $4.95-$5.05.
- O&M expenses rose $12.9M in Q3 due to labor inflation and maintenance at Jim Bridger and Langley Gulch.
- Bridger Order expected to add ~$10M net income in 2023 through rate increase and accelerated depreciation.