IDACORP reports record FY2022 EPS of $5.11, initiates 2023 guidance $4.95-$5.15

IDACORP INC

2022-FY EPS reported $5.11 revenue$1,557,974,000

Q4 net income $42.1M ($0.83/diluted) vs $32.8M ($0.65) YoY; FY net income $259M ($5.11) vs $245.6M ($4.85) YoY.
2023 EPS guidance $4.95-$5.15; expects ~$15M additional tax credits under Idaho earnings support mechanism.
Customer growth of 2.4% added $12.1M to operating income; Q4 heating-degree days up 21% YoY.
Bridger Order (coal plant retirement acceleration) to increase net income ~$10M in 2023, declining through 2030.
O&M expenses up $38.1M in FY2022 from inflation and plant maintenance; 2023 capex guidance $650-$700M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IDACORP INC reported the quarter and year ended December 31, 2022 results: net income $42.1 million, or $0.83 per diluted share, compared with $32.8 million, or $0.65 per diluted share, in the fourth quarte, EPS $0.83 per diluted share. Guidance initiated.

Period: the quarter and year ended December 31, 2022
Net income: $42.1 million, or $0.83 per diluted share, compared with $32.8 million, or $0.65 per diluted share, in the fourth quarte
EPS: $0.83 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

IDACORP, Inc. (NYSE: IDA) reported fourth quarter 2022 net income attributable to IDACORP of $42.1 million, or $0.83 per diluted share, compared with $32.8 million, or $0.65 per diluted share, in the fourth quarter of 2021. For the full year ended December 31, 2022, IDACORP reported net income attributable to IDACORP of $259.0 million, or $5.11 per diluted share, compared with $245.6 million, or $4.85 per diluted share, in 2021.

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Source: SEC EDGAR

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