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

IDACORP raises low end of 2024 EPS guidance to $5.35; Q3 profit rises to $2.12 a share

Positive Impact 4 of 5 guidance Written later

IDACORP reported third-quarter 2024 net income of $113.6 million, or $2.12 per diluted share, up from $2.07 a year earlier, driven mainly by higher net income at Idaho Power. It raised the lower end of its full-year 2024 earnings guidance to $5.35 to $5.45 per diluted share, though the new range's upper end is unchanged from the prior $5.45 figure. Shareholders also get a look at the company's plans to add battery and wind resources to meet customer growth.

Key points

  • Q3 2024 net income attributable to IDACORP was $113.6 million, or $2.12 per diluted share, versus $105.3 million, or $2.07, in Q3 2023.
  • Nine-month 2024 net income was $251.3 million, or $4.82 per diluted share, versus $229.9 million, or $4.53, a year earlier.
  • 2024 earnings guidance now $5.35 to $5.45 per diluted share, up from $5.30 to $5.45 previously, as of October 31, 2024.
  • Idaho Power's expected additional tax credit (ADITC) benefit for 2024 is $25 million to $35 million, versus $35 million to $50 million previously.

The filing

CompanyIdacorp (IDA)
Form8-K, current report
Filed with the SECOct 31, 2024, 8:02 AM ET
Accession number0001057877-24-000049

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

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits 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 October 31, 2024.

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