Every material Form 8-K Idacorp filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
IDACORP reported second quarter 2024 net income attributable to IDACORP of $89.5 million, or $1.71 per diluted share, up from $68.6 million, or $1.35 per diluted share, a year earlier. The company raised the low end of its full-year 2024 earnings guidance to $5.30 to $5.45 per diluted share from $5.25 to $5.45, citing higher customer usage, customer growth and rate changes, partly offset by higher depreciation.
Q2 2024 net income $89.5 million ($1.71 per diluted share) vs. $68.6 million ($1.35) in Q2 2023
Six-month 2024 earnings $2.67 per diluted share vs. $2.46 in the first half of 2023
2024 earnings guidance now $5.30 to $5.45 per diluted share vs. previous $5.25 to $5.45, as of August 1, 2024
Idaho Power expects to use $35 million to $50 million of additional tax credits in 2024, with the range previously $35 million to $60 million
On May 20, 2024, IDACORP entered an equity distribution agreement covering the sale of common stock with an aggregate gross sale price of up to $300 million, including shares sold under forward sale agreements. The company has no obligation to sell any shares, and actual sales will depend on market conditions and its funding needs. At its May 16, 2024 annual meeting, shareholders elected all 10 director nominees and approved the advisory executive compensation proposal and the ratification of Deloitte & Touche LLP.
Equity distribution agreement covers up to $300 million aggregate gross sale price of common stock, including shares under forward sale agreements.
Company will pay commissions of up to 1.250% to each Manager and each Forward Seller; it will not initially receive proceeds from borrowed shares sold by a Forward Seller.
Six Master Forward Sale Confirmations, each dated May 20, 2024, were entered with the Forward Purchasers.
At the May 16, 2024 annual meeting, all 10 director nominees were elected, and the executive compensation and Deloitte ratification proposals were approved.
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.
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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Idacorp filing is on SEC EDGAR ↗. 8-K briefs of other companies →