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IDACORP, Inc. reports utility earnings, dividend actions, and regulatory developments tied to its Idaho Power subsidiary. The company is a holding company whose primary business is regulated electric utility operations, including the generation, transmission, distribution, sale, and purchase of electric energy and capacity.
Recurring IDACORP news focuses on customer growth, rate changes, earnings guidance, common stock dividends, power supply assumptions, and utility operating costs. Company updates also address infrastructure investment, wildfire mitigation expenses, tax credits under Idaho regulatory mechanisms, and regulatory outcomes affecting Idaho Power customer rates.
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 Steven R. Keen will retire as CFO on October 1, 2022, after 40 years of service. Keen has led the company to 13 consecutive years of growth in earnings per share, serving as CFO since May 2014. Brian R. Buckham will succeed him as CFO effective March 1, 2022. Buckham has extensive experience in securities law and corporate governance, having been with Idaho Power since 2010. Pat Harrington will become Vice President, General Counsel.
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.