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Jun 30, 2023
IDACORP Q2 2023 Earnings Report
IDACORP's net income increased due to customer growth, a mid-year rate change, and lower maintenance costs.
Key Takeaways
IDACORP reported a net income of $68.6 million, or $1.35 per diluted share, for the second quarter of 2023, compared to $64.3 million, or $1.27 per diluted share, for the second quarter of 2022. The company is reaffirming its full-year 2023 earnings guidance in the range of $4.95 to $5.15 per diluted share.
Net income attributable to IDACORP increased by $4.3 million compared to Q2 2022.
Customer growth increased operating income by $4.1 million.
Retail revenues per MWh increased operating income by $2.4 million due to a rate increase.
Other O&M expenses decreased by $3.4 million due to lower expenses from scheduled cyclical plant maintenance projects.
Forward Guidance
IDACORP reaffirms its earnings guidance estimate for 2023, with earnings per share between $4.95 and $5.15.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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