IDACORP Q4 EPS $0.61 (-27% YoY); FY EPS $5.14; guides FY24 $5.25-$5.45

IDACORP INC

2023-FY EPS reported $5.14 revenue$1,639,612,000

Q4 net income $31.3M ($0.61) vs $42.1M ($0.83) in Q4 2022, down on mild weather, higher depreciation, O&M costs.
FY 2023 net income $261.2M ($5.14) vs $259.0M ($5.11); customer growth 2.4% offset by lower per-customer usage.
2024 EPS guidance $5.25-$5.45 (above 2023); expects $35-$60M additional ADITC under Idaho regulatory mechanism.
Idaho Power 2024 O&M $440-$450M (up from $400M) due to amortization of pension/wildfire regulatory assets.
2024 capex $925-$975M (up from $734M); possible new Idaho rate case as early as June 2024.

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 financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 15, 2024, IDACORP, Inc. ("IDACORP") issued a press release reporting its financial results for the quarter and year ended December 31, 2023.

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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 0001057877-24-000007

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