Welcome to our dedicated page for Idacorp news (Ticker: IDA), a resource for investors and traders seeking the latest updates and insights on Idacorp stock.
IDACORP, Inc. (NYSE: IDA) is a Boise, Idaho-based holding company whose primary business is the regulated electric utility operations of Idaho Power. News about IDACORP often centers on Idaho Power’s financial performance, regulatory developments, and long-term resource planning for its 24,000-square-mile service area in Idaho and Oregon.
Investors following IDA news can expect regular coverage of quarterly and year-to-date earnings results, including discussions of net income, earnings per share, customer growth, and the impact of rate changes approved by regulators. Company releases frequently explain how factors such as retail revenues per megawatt-hour, usage per retail customer, power cost adjustment mechanisms, and accumulated deferred investment tax credits affect Idaho Power’s operating income and net income.
Another key news theme is IDACORP’s interaction with state regulators through general rate cases and settlement stipulations. Updates describe requested and approved changes in annual Idaho-jurisdictional retail revenues, authorized returns on equity, rate base levels, and mechanisms for wildfire mitigation cost deferrals and revenue sharing with customers. These items are detailed in both company press releases and related Form 8-K filings.
News flow also includes information on capital markets activity, such as public offerings of common stock and related forward sale agreements, as well as updates on major infrastructure projects like high-voltage transmission lines and leased battery storage facilities. Dividend declarations and board-approved dividend increases are another recurring topic in IDACORP’s announcements.
By monitoring this IDA news page, readers can track how Idaho Power’s customer growth, capital expenditures, regulatory outcomes, and financing decisions are described by the company in its public communications and SEC-reported materials.
IDACORP reported a fourth quarter 2022 net income of $42.1 million, or $0.83 per diluted share, up from $32.8 million and $0.65 a year prior. For the full year ended December 31, 2022, net income was $259.0 million, or $5.11 per share, compared to $245.6 million and $4.85 in 2021. The company anticipates 2023 earnings guidance between $4.95 and $5.15 per share. Key growth drivers included increased customer numbers and revenues from retail and transmission. However, cost pressures from inflation and higher supply costs tempered results.
IDACORP, Inc. (NYSE:IDA) will report its fourth quarter results on February 16, before the market opens. An analyst conference call is scheduled for 2:30 p.m. MT to discuss earnings. Interested parties can join via a live Webcast or call (855) 761-5600 with the passcode 3990987. The call will be available for replay for 12 months. IDACORP, based in Boise, Idaho, operates Idaho Power Company, among other ventures, and aims for 100% clean energy by 2045. It serves over 610,000 customers across a large service area, utilizing a diverse energy mix including hydropower.
Duke Energy Sustainable Solutions has commenced operations at the Jackpot Solar project in Twin Falls County, Idaho, marking its first utility-scale renewable project in the state.
The 120-megawatt solar facility, the largest in Idaho, will support Idaho Power's 20-year power purchase agreement and provide enough electricity for approximately 24,000 homes. This project aligns with Idaho Power's goal of achieving 100% clean energy by 2045 and is expected to bolster the local economy through job creation and tax revenues for the Filer Consolidated School District.
Additionally, Duke Energy has granted $15,000 to the Shoshone Basin Rangeland Fire Protection Association to enhance rural safety.
IDACORP, Inc. (NYSE:IDA) announced a common stock dividend of
IDACORP reported a net income of $106.4 million, or $2.10 per diluted share, for Q3 2022, up from $97.9 million or $1.93 in Q3 2021. Year-to-date net income reached $216.9 million, compared to $212.8 million in 2021. The growth was fueled by customer growth, increased retail sales due to warmer weather, and transmission revenues. However, cost pressures from labor inflation and higher energy prices were noted. IDACORP also raised its 2022 earnings guidance to $5.05 to $5.15 per share, aiming for its 15th consecutive year of earnings growth.
On October 20, 2022, IDACORP (NYSE: IDA) announced a common stock dividend of $0.79 per share. The dividend is set to be paid on November 30, 2022, to shareholders on record as of November 2, 2022. This action reflects the company's commitment to returning value to its shareholders.
IDACORP, Inc. (NYSE:IDA) will announce its Q3 2022 results on November 3, before market open. An analyst conference call is scheduled for 2:30 p.m. MT that same day to discuss earnings. Interested investors can listen via a live Webcast or by calling (855) 761-5600 with a passcode of 3990987. IDACORP is based in Boise, Idaho, and includes Idaho Power, which aims for 100% clean energy by 2045, serving over 610,000 customers. More details will be available on the company's website.
BOISE, Idaho--(BUSINESS WIRE)--IDACORP (NYSE: IDA) announced a 5.3% increase in its quarterly cash dividend to
IDACORP reported a net income of $64.3 million, or $1.27 per diluted share, for Q2 2022, down from $70.0 million, or $1.38 per diluted share, in Q2 2021. Year-to-date net income also decreased to $110.5 million from $114.9 million in 2021. Customer growth and higher transmission revenues were offset by weather impacts and inflation-related costs. IDACORP has raised the lower end of its 2022 earnings guidance to $4.95-$5.05 per share, citing confidence in achieving earnings above initial expectations. The guidance assumes normal weather for the remainder of the year.
The Board of Directors of IDACORP (NYSE:IDA) has declared a common stock dividend of $0.75 per share. This dividend is payable on August 31, 2022, to shareholders on record at the close of business on August 3, 2022. Shareholders can expect the dividend to contribute positively to their income.