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. (symbol: IDA) is a prominent holding company that plays a significant role in the electric utility sector. Through its subsidiaries, IDACORP is actively engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. The company operates a diverse portfolio of power plants, including hydroelectric, coal-fired, gas-fired, and diesel-fired facilities, predominantly located across the Northwestern United States.
IDACORP's hydroelectric and coal-fired plants are particularly notable, as they account for the majority of the company's total energy production. The company's revenue is primarily derived from the sale of electricity to a broad customer base, including residential, commercial, and industrial consumers. Most of IDACORP’s customers are residential consumers residing in the Northwestern United States. However, commercial and industrial consumers also contribute significantly to its revenue streams.
In recent years, IDACORP has achieved several milestones and continues to focus on sustainable energy practices and innovations. The company's ongoing projects aim to enhance the efficiency and reliability of its power generation and distribution networks. IDACORP is also actively involved in strategic partnerships and initiatives to further its commitment to providing clean and reliable energy solutions.
The financial condition of IDACORP remains robust, supported by steady revenue from its diverse customer base and strategic investments in infrastructure and technology. As the energy landscape continues to evolve, IDACORP is well-positioned to leverage its extensive experience and resources to meet the growing demand for clean and efficient energy.
For the latest updates and developments related to IDACORP, Inc. and its stock performance, stay tuned to StockTitan and keep an eye on recent news and events.
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.
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