---
schema_version: "secwatch.filing_event.v1"
accession: "0001057877-24-000028"
form_type: "8-K"
ticker: "IDA"
cik: "0001057877"
company_name: "IDACORP INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:49:48.950928+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# IDACORP Q1 net income $48.2M ($0.95/sh) down from $56.1M ($1.11/sh); reaffirms FY24 guidance

## Summary
- Net income $48.2M vs $56.1M; diluted EPS $0.95 vs $1.11.
- Customer growth added 15,800 accounts (+2.5% YoY), offset by lower usage per customer due to mild weather.
- Q1 O&M up $13.8M: pension +$4M, wildfire mitigation +$8M; FY24 expects pension +$18M, wildfire +$30M.
- Depreciation expense +$8.6M; interest expense higher; ADITC amortization $12.5M vs $3.75M.
- Reaffirms FY24 EPS guidance $5.25-$5.45; Idaho Power ADITCs $35-$60M; capex $925-$975M; hydropower guidance revised up to 6.5-8.0 MWh.

## SEC filing metadata
- accession: 0001057877-24-000028
- form_type: 8-K
- ticker: IDA
- cik: 0001057877
- company_name: IDACORP INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057877/000105787724000028/0001057877-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49648/000105787724000028/ida-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001057877-24-000028
- JSON: https://secwatch.observer/filing/0001057877-24-000028.json
- Plain text: https://secwatch.observer/filing/0001057877-24-000028.txt

## Key facts
- Earnings Releases
  IDACORP INC reported quarter ended March 31, 2024 results: net income $48.2 million, EPS $0.95. Guidance reaffirmed.
  - Period: quarter ended March 31, 2024
  - Net income: $48.2 million
  - EPS: $0.95
  - Guidance: reaffirmed
  - Result: reported results
  source text: IDACORP, Inc. (NYSE: IDA) reported first quarter 2024 net income attributable to IDACORP of $48.2 million, or $0.95 per diluted share, compared with $56.1 million, or $1.11 per diluted share, in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057877/000105787724000028/0001057877-24-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.