IDACORP, Inc. (IDA) reported second-quarter 2024 earnings of $1.71 per share, which beat the Zacks Consensus Estimate of $1.37 by 24.8%. The company reported earnings of $1.35 per share in the year-ago quarter. Total Revenues IDACORP's total revenues were $451 million, which surpassed the Zacks Consensus Estimate of $421 million by 7.2%. The top line increased 8.9% from the year-ago quarter's $414 million. Highlights of the Release Customer growth in the company's service areas increased 2.6% year over year ...

IdaCorp (IDA) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 24.82%. A quarter ago, it was expected that this utility company would post earnings of $1.02 per share when it actually produced earnings of $0.95, delivering a surprise of -6.86%. Over the last four quarters, the company ...

IDACORP Inc.'s (IDA) planned investments are expected to strengthen its infrastructure, which should help boost performance. The company's cost management and focus on producing more electricity from clean sources act as tailwinds. Given its growth opportunities, IDA makes for a solid investment option in the utility sector. Let's explore the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment. Growth Projections & Surprise History The Zacks Consensus Estimate for IDACO ...

A shot of high voltage electric power lines at sunset. imaginima It's not a secret that utilities have been off to the races lately. The Utilities Select Sector SPDR Fund ETF (XLU) has gained 14% year to date. This is ahead of the 12% gains of the S&P 500 index (SP500). IDA's operating revenue edged higher by 4.5% year-over-year to $448.9 million during the first quarter ended March 31, 2024. This was $55 million ahead of the analyst consensus for the quarter per Seeking Alpha. That outperformance makes sen ...

Financial Performance - IDACORP's net income for the three months ended March 31, 2024, was $48173 thousand, compared to $56098 thousand for the same period in 2023[6] - Diluted earnings per share were $095 for the three months ended March 31, 2024, compared to $111 for the same period in 2023[6] - Net cash provided by operating activities was $1097 million, compared to $(904) million in the previous year[28] Growth and Customer Base - Idaho Power's customer growth is projected at 46% for 2024 and 36% for 2025[10] - Since the last Oregon general rate case filed in 2011, there has been an approximately 8% increase in customers[12] Regulatory and Rate Cases - Filed with the OPUC on December 15, 2023, targeting a 1928% overall average customer rate increase ($107 million in Oregon-Jurisdiction revenues)[9] - Oregon retail rate base of approximately $1889 million with a 7807% rate of return[9] Capital Expenditures and Investments - Idaho Power's capital expenditures, excluding Allowance for Funds Used During Construction, are projected to be between $925 million and $975 million[40] - Approximately $69 million of net additional infrastructure investments since the last Oregon general rate case filed in 2011[12] Wildfire Risk Mitigation - Only 11% of transmission lines and 8% of distribution lines are in wildfire risk zones within the 24000 square mile service area[24]

IdaCorp (IDA) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.86%. A quarter ago, it was expected that this utility company would post earnings of $0.60 per share when it actually produced earnings of $0.61, delivering a surprise of 1.67%.Over the last four quarters, the company ha ...

Exhibit 99.1 May 2, 2024 IDACORP, Inc. Announces First Quarter 2024 Results, Reaffirms 2024 Earnings Guidance BOISE, Idaho--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. "We ended the first quarter on plan, as we began to see the benefit of rate changes along with continued strong customer growth," said IDACORP President and Chief Exe ...

f Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock | IDA | New York Stock Exchange | Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrants were required to file such reports), and (2) have been sub ...

General Rate Case Filed in Oregon • 19.28% overall average customer rate increase ($10.7 million in Oregon-Jurisdiction revenues) • Oregon retail rate base of ~$188.9 million – ~$69 million of net additional infrastructure investments RFP Update(1)(2) 2023 Integrated Resource Plan Filed 8 BUILDING OUR FUTURE 10 – OPUC and IPUC granted respective certificates of public convenience and necessity – Long-term transmission service commitment to BPA's customers across southern Idaho included in agreement – Includ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________________________________ | Commission | Exact name of registrants as specified in their charters, address of principal executive | I.R. ...