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Dec 31, 2019
IDACORP Q4 2019 Earnings Report
IDACORP reported an increase in net income and EPS for Q4 2019, driven by strong economic activity and effective cost management.
Key Takeaways
IDACORP's Q4 2019 net income attributable to IDACORP was $47.1 million, or $0.93 per diluted share, compared to $26.1 million, or $0.52 per diluted share, in Q4 2018. The increase was primarily due to higher net income at Idaho Power, driven by customer growth and effective cost management.
Net income attributable to IDACORP increased to $47.1 million in Q4 2019 from $26.1 million in Q4 2018.
Earnings per diluted share rose to $0.93 in Q4 2019, compared to $0.52 in Q4 2018.
Customer growth increased operating income by $4.7 million compared to the same quarter last year.
Non-operating income and expenses improved by $9.2 million compared to Q4 2018.
Forward Guidance
IDACORP is initiating its full year 2020 earnings guidance in the range of $4.45 to $4.65 per diluted share, and Idaho Power does not expect to use any of the tax credits available under the Idaho regulatory stipulation. This earnings guidance assumes normal weather conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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