secwatch.observer — SEC 8-K summary
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Issuer:     IDACORP INC (IDA)
CIK:        0001057877
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001057877-24-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057877/000105787724000028/0001057877-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49648/000105787724000028/ida-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001057877-24-000028

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