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, Inc. (NYSE:IDA) is set to report its first quarter results on April 29, 2021, before the market opens. An analyst conference call will be held at 2:30 p.m. MT (4:30 p.m. ET) to discuss earnings. Interested parties can listen via a live Webcast or by calling in. IDACORP, based in Boise, Idaho, operates Idaho Power, which focuses on providing affordable electricity in a 24,000 square-mile area. The company aims for 100% clean energy by 2045 and serves over 580,000 customers.
Trust Stamp has announced a combined $5 million funding round, including a private offering priced at $15.31 per share under US SEC Regulation D and a future crowdfunding offering under Regulation CF. The private offering is open to accredited investors and aims to close by May 31, 2021, with $1 million already pre-committed. The funds will support marketing initiatives and product development. Trust Stamp's CEO emphasized the growing demand for secure identity solutions in various sectors.
IDACORP, Inc. (NYSE: IDA) reported Q4 2020 net income of $37.5 million ($0.74 per diluted share), down from $47.1 million ($0.93/share) in Q4 2019. For the full year, net income rose to $237.4 million ($4.69/share) compared to $232.9 million ($4.61/share) in 2019. The company achieved its 13th consecutive year of EPS growth driven by 2.7% customer growth at Idaho Power. IDACORP initiated 2021 earnings guidance of $4.60 to $4.80 per share, projecting a return to normal customer usage levels. Challenges from COVID-19 and increased operational costs were noted, but they didn't expect to utilize deferred tax credits this year.
IDACORP, Inc. (NYSE:IDA) is set to announce its fourth quarter results on February 18, prior to market opening. A conference call will follow at 2:30 p.m. MT (4:30 p.m. ET) to discuss these earnings. Interested parties can join via a Webcast or by calling 833-759-1159, using passcode 8561488. IDACORP, based in Boise, Idaho, operates Idaho Power and emphasizes its goal of achieving 100% clean energy by 2045. With a focus on reliable service and low electricity prices, Idaho Power serves over 580,000 customers across a 24,000 square-mile area.
IDACORP, Inc. (NYSE:IDA) has declared a $0.71 common stock dividend per share, set to be paid on March 1, 2021. This payment will benefit shareholders of record as of the close of business on February 5, 2021. This dividend declaration underscores the company's ongoing commitment to delivering value to its investors.
IDACORP, Inc. (NYSE: IDA) reported a third quarter 2020 net income of $102.0 million, or $2.02 per diluted share, up from $89.9 million, or $1.78 per diluted share in Q3 2019. For the first nine months of 2020, net income increased to $199.9 million, or $3.95 per diluted share, compared to $185.7 million, or $3.68 per diluted share in the same period last year. Customer growth at Idaho Power rose 2.6%, driving revenues, while transmission-related revenues improved despite COVID-19 impacts. IDACORP updated its 2020 earnings guidance to $4.55 – $4.65 per share, assuming normal weather and COVID-related conditions.
On October 15, 2020, IDACORP, Inc. (NYSE: IDA) announced a dividend of $0.71 per share for its common stock. This dividend is payable on November 30, 2020, to shareholders on record as of the close of business on November 5, 2020. This payment reflects the company’s ongoing commitment to provide returns to its shareholders.
IDACORP, Inc. (NYSE: IDA) is set to report its third quarter earnings on October 29, with a conference call scheduled for 2:30 p.m. MT. The company is known for its commitment to providing affordable electricity, operating across a 24,000 square-mile area in Idaho and Oregon. As an industry leader in clean energy, IDACORP aims for 100% clean energy by 2045. Stakeholders can access the conference via a live webcast or call. Further details are available on their official website.
IDACORP, Inc. (NYSE: IDA) announced a 6.0% increase in its quarterly cash dividend to $0.71 per share, totaling an annual dividend of $2.84. This decision, approved by the Board of Directors, reflects a cumulative dividend growth of approximately 137% since 2012. Management anticipates recommending future annual increases of 5% or more, maintaining a payout ratio of 60-70% of sustainable earnings. Dividend declarations will be contingent upon various factors including capital requirements and liquidity.
IDACORP, Inc. (NYSE: IDA) reported a net income of $60.4 million or $1.19 per diluted share for Q2 2020, up from $53.2 million or $1.05 per diluted share in Q2 2019. For the first half of 2020, net income increased to $97.9 million or $1.94 per diluted share, compared to $95.8 million or $1.90 per diluted share last year. Customer growth was at 2.6% YoY, and IDACORP maintains its 2020 earnings guidance of $4.45 to $4.65 per share. Factors influencing performance included irrigation sales and operational efficiencies, despite negative impacts from COVID-19 on commercial and industrial customers.
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