secwatch.observer — SEC 8-K summary
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Issuer:     IDACORP INC (IDA)
CIK:        0001057877
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001057877-24-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDACORP Q2 EPS $1.71 vs $1.35 YoY; raises lower-end 2024 guidance to $5.30-$5.45
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- Net income $89.5M ($1.71/diluted share) vs $68.6M ($1.35) in Q2 2023, driven by customer growth, usage, and rate changes.
- Full-year 2024 EPS guidance lower-end raised to $5.30-$5.45 from $5.25; expects $35-$50M additional ADITC use.
- Customer count grew 2.6% (+16,200) over trailing 12 months; irrigation usage up 17% due to warmer weather.
- O&M expenses rose $13.8M vs prior Q2, primarily from $8M wildfire mitigation/insurance and $4M pension costs.
- Idaho Power depreciation up $7.6M on increased plant-in-service; capex guidance unchanged at $925-$975M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057877/000105787724000042/0001057877-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49648/000105787724000042/ida-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001057877-24-000042

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