earnings
confidence high
sentiment positive
materiality 0.75
IDACORP Q3 EPS $2.07 vs $2.10; raises 2023 guidance to $5.05-$5.15; settles Idaho rate case
IDACORP INC
2023-Q3 EPS reported
$4.53
revenue$1,267,527,000
- Q3 net income $105.3M ($2.07 diluted EPS) vs $106.4M ($2.10) in Q3 2022.
- Raises 2023 EPS guidance to $5.05-$5.15 from $4.95-$5.15; ADITC use revised to up to $10M.
- Customer growth added 14,000 accounts (+2.3%); usage per customer fell $17.2M on milder weather.
- Reached settlement in Idaho general rate case, subject to IPUC approval.
- Increases 2023 capex forecast to $675-$725M from $650-$700M; O&M unchanged at $385-$395M.