earnings
confidence high
sentiment positive
materiality 0.65
IDACORP Q3 EPS $2.12, beats prior year; raises 2024 guidance to $5.35-$5.45
IDACORP INC
2024-Q3 EPS reported
$4.82
revenue$1,393,006,000
- Net income $113.6M ($2.12/diluted share) vs $105.3M ($2.07) in Q3 2023, up 7.9%.
- Full-year 2024 EPS guidance raised to $5.35-$5.45 (prev $5.30-$5.45); ADITC expectation narrowed to $25-35M.
- Customer growth added 16,500 accounts (+2.6% YoY); usage per customer increased due to warmer weather.
- Idaho Power plans to add company-owned battery storage and first-ever wind project in Wyoming via RFP.
- O&M expenses rose $47.9M YTD, driven by pension (+$13M) and wildfire mitigation (+$22M) costs.