IDACORP Q4 2022 Earnings Report
Key Takeaways
IDACORP's Q4 2022 net income attributable to IDACORP was $42.1 million, or $0.83 per diluted share, compared to $32.8 million, or $0.65 per diluted share, in Q4 2021. The increase was primarily due to higher net income at Idaho Power, driven by customer growth, increased sales volumes, and transmission wheeling-related revenues.
IDACORP's net income increased by $9.3 million in Q4 2022 compared to Q4 2021.
Customer growth at Idaho Power increased operating income by $2.7 million.
Higher sales volumes on a per-customer basis increased operating income by $11.5 million.
Transmission wheeling-related revenues increased $6.4 million compared to the previous year.
IDACORP
IDACORP
Forward Guidance
IDACORP is initiating its full-year 2023 earnings guidance to the range of $4.95 to $5.15 per diluted share.