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Mar 31, 2021
IDACORP Q1 2021 Earnings Report
IDACORP reported increased earnings due to customer growth, increased transmission revenues, and lower operations and maintenance expenses.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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