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, Inc. (NYSE:IDA) will report its second quarter results on August 4, 2022, before the market opens. A conference call will follow at 2:30 p.m. MT to discuss earnings. Interested parties can join via a live Webcast or call (855) 761-5600, passcode 3990987. The company's website will provide further details, including a slide presentation and a replay of the call for 12 months. IDACORP operates Idaho Power and aims for 100% clean energy by 2045, serving over 600,000 customers with competitively priced electricity.
IDACORP will hold its 2022 Annual Meeting of Shareholders on May 19, 2022, at 10:00 a.m. Mountain Time in a virtual-only format. Shareholders must register by 3:00 p.m. Mountain Time on May 18, 2022. President and CEO Lisa Grow will present the company’s 2021 performance and initiatives for 2022 and beyond. An audio stream will be available live at www.idacorpinc.com. IDACORP aims to provide 100% clean energy by 2045 through diverse energy projects.
IDACORP, Inc. (NYSE: IDA) reported a net income of $46.3 million for Q1 2022, or $0.91 per diluted share, an increase from $44.8 million or $0.89 per share in Q1 2021. Key growth factors included a 2.6% increase in customer base and higher energy usage due to colder weather. However, inflation and supply chain challenges persist. IDACORP reaffirms its earnings guidance of $4.85 to $5.05 per share for 2022, assuming normal weather and operational stability.
Duke Energy Sustainable Solutions has commenced construction on the 120-megawatt Jackpot Solar project in Twin Falls County, Idaho, marking its first renewable energy facility in the state. Upon completion, it will be Idaho's largest solar facility and is scheduled to be operational by the end of 2022. The project will supply energy to Idaho Power under a 20-year power purchase agreement, aiding Idaho Power's goal of achieving 100% clean energy by 2045. The initiative is expected to employ around 200 workers and generate significant economic benefits for the local community.
BOISE, Idaho -- Directors of IDACORP (NYSE:IDA) announced a common stock dividend of $0.75 per share. This dividend is payable on May 31, 2022, to stockholders on record as of May 3, 2022. The decision reflects IDACORP's commitment to returning value to its shareholders while maintaining financial stability.
IDACORP, Inc. (NYSE:IDA) is set to announce its first quarter earnings results on May 5. A conference call will follow at 2:30 PM MT for analysts to discuss the results. Interested parties can join via a live Webcast or phone. IDACORP operates Idaho Power Company, a regulated electric utility, aiming for 100% clean energy by 2045. With over 600,000 customers, Idaho Power provides some of the country's lowest electricity prices, supported by its diverse energy mix including 17 hydropower projects.
IDACORP reported a fourth quarter 2021 net income of $32.8 million, or $0.65 per diluted share, down from $37.5 million or $0.74 per share in Q4 2020. For the full year, net income rose to $245.6 million ($4.85/share) from $237.4 million ($4.69/share) in 2020. The company announced its 2022 earnings guidance between $4.85 to $5.05 per share and anticipates a 40% increase in capital expenditures due to resource additions. Key growth factors included customer growth of 2.8% and increased transmission revenues, despite challenges like lower per-customer sales and higher operational costs.
IDACORP, Inc. (NYSE:IDA) is set to release its fourth quarter results on February 17, before the market opens. An analyst conference call will be held at 2:30 PM Mountain Time to discuss these earnings. The company operates through Idaho Power, which serves over 600,000 customers in Idaho and Oregon. IDACORP aims for 100% clean energy by 2045, leveraging its 17 low-cost hydropower projects.
Directors of IDACORP (NYSE:IDA) declared a common stock dividend of $0.75 per share. This dividend is payable on February 28, 2022 to shareholders on record as of the close of business on February 3, 2022. This announcement reflects IDACORP's commitment to returning value to its shareholders.
IDACORP, Inc. (NYSE:IDA) announced that