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AI brief of an SEC Form 8-K · Idacorp (IDA)

IDACORP Q1 profit falls to $48.2 million, or $0.95 a share; 2024 guidance reaffirmed

Negative Impact 3 of 5 earnings Written later

IDACORP reported first-quarter 2024 net income of $48.2 million, or $0.95 per diluted share, down from $56.1 million, or $1.11 per share, a year earlier. The company reaffirmed its full-year 2024 earnings guidance of $5.25 to $5.45 per diluted share, but said capital spending could be higher than previously projected as it works through its resource request for proposal process.

Key points

  • Q1 2024 net income attributable to IDACORP was $48.2 million, or $0.95 per diluted share, versus $56.1 million, or $1.11, in Q1 2023.
  • Lower usage per retail customer reduced Idaho Power net income by $9.1 million, and depreciation expense rose $8.6 million, due to more moderate temperatures and higher plant-in-service.
  • Full-year 2024 EPS guidance of $5.25 to $5.45 was reaffirmed, with Idaho Power capital expenditures of $925 million to $975 million unchanged.
  • Management said it may need higher capital spending than previously projected to meet rapid customer and load growth.

The filing

CompanyIdacorp (IDA)
Form8-K, current report
Filed with the SECMay 2, 2024, 8:15 AM ET
Accession number0001057877-24-000028

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.