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 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
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
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.
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