SIDACORP. | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Forward-Looking Statements This presentation (and oral statements relating to this presentation) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical facts, that express or involve discussions of expectations, beliefs, plans, objectives, outlooks, ...

IdaCorp (IDA) came out with quarterly earnings of $2.12 per share, missing the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $2.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.30%. A quarter ago, it was expected that this utility company would post earnings of $1.37 per share when it actually produced earnings of $1.71, delivering a surprise of 24.82%.Over the last four quarters, the company h ...

IDACORP, Inc. (IDA) reported third-quarter 2024 earnings of $2.12 per share, which missed the Zacks Consensus Estimate of $2.17 by 2.3%. The company reported earnings of $2.07 per share in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Total RevenuesTotal revenues were $528.5 million, which outpaced the Zacks Consensus Estimate of $524 million by 0.8%. The top line increased 3.3% from the year-ago quarter’s $511 million. Highlights of the ReleaseCustomer growth ...

Exhibit 99.1 October 31, 2024 IDACORP, Inc. Announces Third Quarter 2024 Results, Increases Lower-End of Earnings Guidance Range BOISE, Idaho--IDACORP, Inc. (NYSE: IDA) reported third quarter 2024 net income attributable to IDACORP of $113.6 million, or $2.12 per diluted share, compared with $105.3 million, or $2.07 per diluted share, in the third quarter of 2023. "We had a strong third quarter and benefited from customer growth, rate changes, and weather conditions that contributed to higher customer usage ...

Financial Performance - Net income for the three months ended September 30, 2024, was $113,840,000, compared to $105,647,000 for the same period in 2023, representing an increase of approximately 2.3%[22] - Total comprehensive income for the nine months ended September 30, 2024, was $252,805,000, up from $230,974,000 in 2023, indicating a growth of about 9.4%[22] - Comprehensive income attributable to IDACORP, Inc. for the three months ended September 30, 2024, was $113,890,000, compared to $105,410,000 in 2023, marking an increase of approximately 5.0%[22] - The company reported a net income of $251,952,000 for the nine months ended September 30, 2024, compared to $230,535,000 for the same period in 2023, which is an increase of about 9.3%[22] - Net income for the three months ended September 30, 2024, was $111,089,000, up from $103,022,000 in the same period last year, representing a growth of 7.4%[39] - The company reported a total comprehensive income of $111,374,000 for the three months ended September 30, 2024, compared to $103,168,000 for the same period in 2023, indicating a growth of 7.5%[39] - Net income for Idaho Power Company increased to $245,779,000 in September 2024, up from $225,812,000 in September 2023, representing an increase of approximately 8.7%[47] - Net income attributable to IDACORP for Q3 2024 was $113.6 million, an increase of $8.3 million compared to Q3 2023[165] - Net income attributable to IDACORP for the first nine months of 2024 was $251.3 million, an increase of $21.4 million compared to the same period in 2023[175] Revenue and Sales Growth - Operating revenues for the three months ended September 30, 2024, were $527,487,000, an increase of 3.8% compared to $509,635,000 for the same period in 2023[36] - For the three months ended September 30, 2024, Idaho Power recorded $532.5 million in revenue from contracts with customers, up from $496.6 million in the same period of 2023, representing a 7.2% increase[76] - The total electric utility operating revenues for the nine months ended September 30, 2024, reached $1.426 billion, compared to $1.352 billion for the same period in 2023, marking a 5.5% increase[76] - Retail revenues for the third quarter of 2024 reached $486.5 million, up from $459.1 million in the same quarter of 2023, marking an increase of $27.4 million[208] - Retail revenues for the first nine months of 2024 totaled $1,217.1 million, an increase of $85.7 million compared to $1,131.4 million in the same period of 2023[210] Assets and Liabilities - Cash and cash equivalents increased to $427,950,000 from $327,429,000, representing a 30.6% increase year-over-year[32] - Total current assets rose to $1,033,358,000 from $1,004,054,000, marking a 2.9% increase[25] - Total liabilities increased to $5,827,597,000 from $5,426,385,000, indicating a rise of 7.4%[28] - Total equity increased to $3,277,573,000 from $2,914,743,000, reflecting a growth of 12.5%[29] - Long-term debt increased to $3,053,948,000 as of September 30, 2024, compared to $2,775,790,000 at the end of the previous year[44] - Total liabilities as of September 30, 2024, were $5,838,894,000, up from $5,415,655,000 as of December 31, 2023[44] - The carrying value of long-term debt, including the current portion, was $3,123,633,000 as of September 30, 2024, with an estimated fair value of $3,022,690,000[135] Capital Expenditures and Investments - Additions to property, plant, and equipment totaled $823,969,000, compared to $427,211,000 in the prior year, indicating a substantial increase in capital expenditures[32] - Idaho Power entered into agreements for the acquisition of 200 MW of new battery storage assets, expected to be in service by June 2026[164] - Capital expenditures estimates for Idaho Power from 2024 to 2028 have increased to a range of $5.4 billion to $6.1 billion to meet growing demand[163] Regulatory and Strategic Initiatives - The company is actively pursuing regulatory filings and capital expenditures to enhance its operational capabilities and financial performance[13] - Future outlook includes potential impacts from economic conditions, regulatory changes, and operational challenges that may affect financial performance[13] - The company is focused on strategic goals related to infrastructure projects and regulatory cost recovery mechanisms to ensure sustainable growth[13] - Idaho Power filed a 2024 Idaho Limited-Issue Rate Case requesting an increase in annual Idaho jurisdictional revenue of $99.3 million, which would result in an overall increase of 7.31% if approved[64] - The Idaho Fixed Cost Adjustment Mechanism (FCA) approved an increase in recovery from $25.1 million to $36.8 million for the 2023 FCA deferral, effective from June 1, 2024, to May 31, 2025[75] Customer Growth and Demand - Idaho Power's customer count grew by over 12,500 customers, resulting in a 2.6% growth rate for the twelve months ended September 30, 2024[163] - The number of Idaho Power customers grew by 2.6% over the past twelve months, reaching a total of 645,542 customers by September 30, 2024[208] - Retail sales volumes increased by 4% in the third quarter of 2024 and by 3% in the first nine months compared to the same periods in 2023, driven by customer growth and increased usage[204] Environmental and Regulatory Compliance - The company actively monitors environmental regulations that may impact future operations but is currently unable to estimate the financial impact of such regulations[107] - Idaho Power's regulatory mechanisms allow for the deferral of certain costs associated with wildfire mitigation efforts, with OPUC authorizing deferral for the 12-month period ending December 28, 2023[198] Pension and Benefit Costs - The company reported a significant increase in distributions from equity-method investments, rising to $3,100,000 in September 2024 from $550,000 in September 2023[47] - Idaho Power's net periodic benefit cost for the pension plan increased to $9.119 million in Q3 2024 from $4.462 million in Q3 2023, reflecting a significant rise of 104.7%[109] - For the nine months ended September 30, 2024, total net periodic benefit cost recognized was $34.322 million, compared to $20.373 million for the same period in 2023, indicating a year-over-year increase of 68.5%[110] - Idaho Power contributed $20 million to its defined benefit pension plan during the nine months ended September 30, 2024, with no minimum contribution requirement for 2024[111]

Wall Street expects a year-over-year increase in earnings on higher revenues when IdaCorp (IDA) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key numbers are better than expe ...

Utilities benefit from various favorable factors, such as new electric rates, customer additions, cost management and the implementation of energy-efficiency programs. Also, the ongoing investments to improve the resiliency of electric infrastructure against extreme weather conditions and the ongoing transition to cost-effective, renewable energy sources to produce electricity aid the power industry. Due to their capital-intensive nature, utilities need a steady stream of funding for both new asset acquisit ...

IDACORP, Inc. (IDA) announced that its board of directors has approved a 3.6% increase in its quarterly dividend rate. The new dividend rate will be 86 cents per share compared with the previous quarter's 83 cents. This increase resulted in an annualized dividend of $3.44 per share compared with the previous level of $3.32. Since 2011, the company's board of directors has authorized dividend increases annually, resulting in a compound annual dividend growth rate of 7.8% and a cumulative dividend increase of ...

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knowlesgallery/iStock via Getty Images This article was coproduced with Kody Kester. It's not a secret that there are thousands of dividend-paying stocks in the investment universe. There are probably only several hundred that are qualitative enough to be worth thinking about buying and holding for the long haul, though. That's because many of these dividend payers are unsustainable. They may have deteriorating growth prospects, elevated payout ratios, a junk-rated and worsening balance sheet, or a signific ...