Idacorp Stock Price, News & Analysis

IDACORP (NYSE: IDA) has announced a $450 million public offering of common stock shares, with an additional option for underwriters to purchase up to $67.5 million of additional shares. The offering involves forward sale agreements with Morgan Stanley, J.P. Morgan, and Wells Fargo Securities, who will act as joint lead bookrunners. Under these agreements, settlement is expected within 18 months following the offering completion. IDACORP won't initially receive proceeds from the share sale but plans to use any net proceeds from potential physical settlement for general corporate purposes, including capital expenditures. The offering will be conducted through an effective shelf registration statement filed with the SEC.

IDACORP (NYSE: IDA) reported Q1 2025 net income of $59.6 million ($1.10 per share), up from $48.2 million ($0.95 per share) in Q1 2024. The improvement was driven by customer growth of 2.6% (16,500 new customers), rate changes, and tax credit utilization. The company reaffirmed its 2025 earnings guidance of $5.65-$5.85 per share. Key factors affecting results included increased retail revenues (+$11.3M), customer growth benefits (+$7.3M), higher O&M expenses (-$7.2M), and increased depreciation (-$5.8M). Idaho Power plans significant capital investments in three major transmission projects and generation resources to support growing customer needs. The company expects to use $60-77 million in additional tax credits under Idaho's regulatory mechanism in 2025.

IDACORP (NYSE: IDA) has announced its latest dividend declaration. The company's Board of Directors has approved a quarterly dividend of $0.86 per share for common stockholders. The dividend will be paid on May 30, 2025, to shareholders who are recorded as holders at the close of business on May 5, 2025.

IDACORP (NYSE:IDA) has announced it will release its first quarter 2025 earnings report on Thursday, May 1, before market open. The company will host an analyst conference call at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) on the same day.

Interested parties can access the call through a live webcast or by calling 855-761-5600 in listen-only mode using passcode 9290150. The presentation slides will be available on the company's website, and a replay of the conference call will be accessible on idacorpinc.com/investor-relations for 12 months following the event.

Albertsons Companies (NYSE: ACI) announced a CEO succession plan where Susan Morris, current EVP and COO, will succeed Vivek Sankaran as CEO effective May 1, 2025. Morris, with nearly 40 years of experience at Albertsons, will also join the company's Board of Directors.

Morris currently oversees retail operations of more than 2,200 stores across 34 states. She began her career at an Albertsons store in Denver and has held various leadership roles in merchandising and operations. The company reaffirmed its Fiscal 2024 outlook, projecting:

• Identical sales growth: 1.8% to 2.0%
• Adjusted EBITDA: $3.95 billion to $3.99 billion
• Adjusted net income per Class A share: $2.25 to $2.31
• Capital expenditures: $1.8 billion to $1.9 billion

IDACORP (NYSE: IDA) reported strong financial results for Q4 and full-year 2024. Fourth quarter net income reached $37.9 million ($0.70 per share), up from $31.3 million ($0.61 per share) in Q4 2023. Full-year 2024 net income increased to $289.2 million ($5.50 per share) from $261.2 million ($5.14 per share) in 2023.

The company benefited from 2.6% customer growth, rate changes, and favorable weather conditions. Higher depreciation and financing costs partially offset these benefits. Looking ahead, IDACORP initiated 2025 earnings guidance of $5.65 to $5.85 per diluted share, expecting to use $60-77 million in additional tax credits under Idaho's regulatory mechanism.

Key drivers of 2024's performance included increased retail revenues, successful property tax litigation resulting in refunds, and moderate wholesale power prices. However, the company faced higher O&M expenses, particularly in pension-related costs and wildfire mitigation programs.

IDACORP (NYSE: IDA) has announced it will release its fourth quarter 2024 earnings report on Thursday, February 20, before market open. The company will host an analyst conference call at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) on the same day to discuss the results.

Interested parties can access the call through a live webcast or by calling 855-761-5600 in listen-only mode using passcode 9290150. The presentation slides will be available on the company's website during the call. A replay of the conference call will be accessible on IDACORP's website for 12 months following the event.

IDACORP (NYSE: IDA) has announced its board of directors has declared a dividend of $0.86 per share on its common stock. The dividend will be paid on February 28, 2025, to shareholders who are recorded as holders at the close of business on February 5, 2025.

IDACORP reported Q3 2024 net income of $113.6 million ($2.12 per share), up from $105.3 million ($2.07 per share) in Q3 2023. The increase was driven by customer growth (+2.6%), rate changes, and favorable weather conditions. The company raised the lower end of its 2024 earnings guidance to $5.35-$5.45 per share. Idaho Power announced plans to procure company-owned battery resources and its first wind power project in Wyoming. Higher depreciation and interest expenses partially offset the quarter's benefits. Tax credits expected to support earnings improved to $25-35 million for 2024.