IDACORP Q4 2021 Earnings Report
Key Takeaways
IDACORP's net income decreased $4.7 million for the fourth quarter of 2021 compared with the fourth quarter of 2020 due primarily to lower net income at Idaho Power. However, earnings per share have increased for 14 consecutive years. Strong customer growth and higher weather-related usage contributed to solid 2021 results.
Net income attributable to IDACORP was $32.8 million, or $0.65 per diluted share.
Customer growth increased operating income by $3.4 million as the number of customers grew by 2.8 percent.
Transmission wheeling-related revenues increased $3.6 million due to new long-term wheeling agreements.
IDACORP is initiating its full-year 2022 earnings guidance in the range of $4.85 to $5.05 per diluted share.
IDACORP
IDACORP
Forward Guidance
IDACORP is initiating its full-year 2022 earnings guidance in the range of $4.85 to $5.05 per diluted share.