IDACORP Q2 net income $68.6M ($1.35 EPS) beats prior year; FY guidance reaffirmed

IDACORP INC

2023-Q2 EPS reported $2.46 revenue$770,895,000

Q2 EPS $1.35 vs $1.27 in Q2 2022; net income rose $4.3M to $68.6M.
Customer growth of 2.1% (13,100 new customers) boosted operating income by $4.1M.
FY2023 EPS guidance reaffirmed at $4.95-$5.15; expects ~$15M additional ADITC amortization.
O&M expenses fell $3.4M YoY due to lower cyclical plant maintenance costs.
Depreciation rose $12.3M YoY mainly from Bridger Order impacts and higher plant-in-service.

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 0.9

IDACORP INC reported full-year 2023 results: EPS $4.95 to $5.15 per diluted share. Guidance reaffirmed.

Period: full-year 2023
EPS: $4.95 to $5.15 per diluted share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

IDACORP is reaffirming its previously reported full-year 2023 earnings guidance in the range of $4.95 to $5.15 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IDACORP INC reported quarter ended June 30, 2023 results: net income $68.6 million, EPS $1.35 per diluted share.

Period: quarter ended June 30, 2023
Net income: $68.6 million
EPS: $1.35 per diluted share
Result: reported results

Exact text from the filing

On August 3, 2023, IDACORP, Inc. ("IDACORP”) issued a press release reporting its financial results for the quarter ended June 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IDACORP INC reported second quarter 2023 results: net income $68.6 million, EPS $1.35 per diluted share. Guidance reaffirmed.

Period: second quarter 2023
Net income: $68.6 million
EPS: $1.35 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

IDACORP, Inc. (NYSE: IDA) reported second quarter 2023 net income attributable to IDACORP of $68.6 million, or $1.35 per diluted share

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

IDACORP INC filing history →

Source: SEC EDGAR

accession 0001057877-23-000046

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