IDACORP Q1 EPS $1.11 beats year-ago $0.91; reaffirms FY guidance $4.95-$5.15

IDACORP INC

2023-Q1 EPS reported $1.11 revenue$385,666,000

Net income $56.1M, up from $46.3M; diluted EPS $1.11 vs $0.91 in Q1 2022.
Customer growth of 2.2% added ~13,500 customers, contributing $2.7M to operating income.
Higher retail revenues per MWh (+$8.5M) due to June 2022 rate order for coal asset depreciation.
Transmission wheeling revenues rose $5.1M on higher tariff rates and elevated western US energy prices.
Full-year 2023 EPS guidance reaffirmed at $4.95-$5.15; expects ~$15M additional ADITC amortization.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IDACORP INC reported the quarter ended March 31, 2023 results: net income $56.1 million, EPS $1.11 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Net income: $56.1 million
EPS: $1.11 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

IDACORP, Inc. (NYSE: IDA) reported first quarter 2023 net income attributable to IDACORP of $56.1 million, or $1.11 per diluted share, compared with $46.3 million, or $0.91 per diluted share, in the first quarter of 2022.

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Source: SEC EDGAR

accession 0001057877-23-000028

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