IDACORP Q1 2021 Earnings Report
Key Takeaways
IDACORP's first quarter 2021 net income attributable to IDACORP was $44.8 million, or $0.89 per diluted share, compared to $37.5 million, or $0.74 per diluted share, in the first quarter of 2020. Customer count grew 2.9% over the past twelve months.
Net income attributable to IDACORP increased to $44.8 million from $37.5 million year-over-year.
Earnings per diluted share rose to $0.89 from $0.74 year-over-year.
Customer growth contributed $3.7 million to operating income, with a 2.9% increase in customers.
Transmission wheeling-related revenues increased by $4.1 million due to higher volumes and rates.
IDACORP
IDACORP
Forward Guidance
IDACORP affirms its full-year 2021 earnings guidance to the range of $4.60 to $4.80 per diluted share. Idaho Power does not expect to utilize any of the additional tax credits available under its Idaho earnings support regulatory mechanism in 2021.