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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, 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
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