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 Q3 2021 net income of $97.9 million ($1.93/share), down from $102.0 million ($2.02/share) in Q3 2020. For the first nine months, net income rose to $212.8 million ($4.20/share), up from $199.9 million ($3.95/share) for the same period last year. Customer growth and increased transmission revenues contributed positively. IDACORP raised its full-year earnings guidance to $4.80-$4.90/share from $4.70-$4.90/share, highlighting expectations for continued growth despite challenges from weather variations and the impact of COVID-19 adjustments.
In a recent announcement, IDACORP (NYSE:IDA) declared a common stock dividend of $0.75 per share. This dividend will be payable to shareholders on November 30, 2021, with a record date set for November 5, 2021. This action reflects the company's ongoing commitment to returning value to its investors.
IDACORP, Inc. (NYSE:IDA) is set to release its third quarter earnings on Thursday, October 28, prior to market opening. A conference call for analysts will take place at 2:30 p.m. MT to discuss results. The call can be accessed via a live Webcast or by phone, with details available on the company’s website. IDACORP operates Idaho Power, which aims for 100% clean energy by 2045 and serves over 590,000 customers in Idaho and Oregon, emphasizing low-cost electricity from hydropower.
BOISE, Idaho -- IDACORP, Inc. (NYSE: IDA) has announced a 5.6% increase in its quarterly cash dividend to $0.75 per share, translating to an annual dividend of $3.00 per share. This marks the 10th consecutive year of raises, achieving an average growth of 8.6%. The management plans to recommend future increases of 5% or more while maintaining a payout ratio of 60-70% of sustainable earnings. Factors influencing future dividends include capital requirements and liquidity position.
IDACORP reported a net income of $70.0 million for Q2 2021, translating to $1.38 per diluted share, a rise from $60.4 million or $1.19 per share in Q2 2020. Year-to-date net income reached $114.9 million, up from $97.9 million in 2020. Driving factors include strong customer growth (up 2.9%) and increased energy usage due to severe weather. The company raised its full-year earnings guidance to $4.70 - $4.90 per share, expecting robust customer growth and infrastructure investments despite potential COVID-19 impacts.
IDACORP, Inc. (NYSE:IDA) announced a common stock dividend of $0.71 per share, scheduled for payment on August 31, 2021. Shareholders on record at the close of business on August 5, 2021 will be eligible to receive this dividend. This decision reflects the company's commitment to return value to its shareholders.
IDACORP, Inc. (NYSE:IDA) is set to announce its second quarter results on July 29 before market opening, followed by an analyst conference call at 2:30 p.m. Mountain Time. Investors can access the call via Webcast or by dialing in for listen-only mode with passcode 4696145. IDACORP, based in Boise, Idaho, operates through Idaho Power, IDACORP Financial, and Ida-West Energy, focusing on clean energy goals and serving over 590,000 customers across a vast service area.
IDACORP, Inc. (NYSE: IDA) is set to hold its 2021 Annual Meeting of Shareholders on May 20 at 10:00 a.m. Mountain Time, in a virtual-only format. Shareholders can register for the meeting until May 19. CEO Lisa Grow will outline 2020 performance and future initiatives. The meeting will also allow shareholders to vote and submit questions electronically. An audio stream will be available for all, with materials posted on IDACORP's website post-meeting. IDACORP operates Idaho Power, aiming for 100% clean energy by 2045, serving 590,000 customers with low electricity prices.
IDACORP, Inc. (NYSE: IDA) reported a net income of $44.8 million or $0.89 per diluted share for Q1 2021, a rise from $37.5 million or $0.74 per diluted share in Q1 2020. The company experienced a customer growth of 2.9% year-over-year, accelerating to 3.5% in March 2021. Increased transmission revenue due to colder weather and rate hikes offset a minor decline in commercial sales caused by the pandemic. IDACORP maintains its full-year earnings guidance of $4.60 to $4.80 per diluted share, assuming normal weather and ongoing impacts from COVID-19.
IDACORP, Inc. (NYSE:IDA) has announced a common stock dividend of $0.71 per share. This dividend is scheduled for payment on June 1, 2021, to shareholders who are on record as of the close of business on May 5, 2021. This move reflects the company’s ongoing commitment to returning value to its shareholders.