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Dec 31, 2022
IDACORP Q4 2022 Earnings Report
IDACORP reported an increase in net income for Q4 2022 compared to Q4 2021, driven by customer growth and higher sales volumes.
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.
Forward Guidance
IDACORP is initiating its full-year 2023 earnings guidance to the range of $4.95 to $5.15 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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