secwatch.observer — SEC 8-K summary
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Issuer:     IDACORP INC (IDA)
CIK:        0001057877
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001057877-24-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057877/000105787724000007/0001057877-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49648/000105787724000007/ida-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001057877-24-000007

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