IDACORP (IDA) Stock

No matter if you invest in value, growth, or momentum stocks, the Zacks Style Scores can help you identify strong stocks more easily. This is one of the key features of the Zacks Premium research service.

IDA's earnings and revenues for the third quarter have risen compared to the same time last year. However, total operating expenses have also gone up during this period.

BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) announced a net income of $113.6 million for the third quarter of 2024, which is $2.12 per diluted share, an increase from $105.3 million or $2.07 per diluted share in the same period last year. IDACORP's President and CEO, Lisa Grow, stated that the company had a successful third quarter, driven by customer growth, changes in rates, and favorable weather that led to increased customer usage. However, they also noted that higher depreciation costs were anticipated.

BOISE, Idaho--(BUSINESS WIRE)--The board of directors at IDACORP, Inc. (NYSE:IDA) has announced a common stock dividend of $0.86 per share. This dividend will be paid on December 2, 2024, to those who own shares as of the end of business on November 5, 2024.

BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) has announced that its Board of Directors has decided to raise the regular quarterly cash dividend on its common stock to $0.86 per share. This new amount means the annual dividend will be $3.44 per share. Lisa Gro mentioned that the Board has approved a dividend increase every year since 2011, leading to a total increase of 187% and an annual growth rate of 7.8% during that time.

Idacorp has increased its payments to shareholders for 12 years in a row. In the second quarter, the electric utility saw a rise in both its operating revenue and diluted earnings per share (EPS). Additionally, Idacorp's interest coverage ratio remained above 3 during the first half of 2024.

IDACORP, Inc (NYSE:IDA) will hold its Q2 2024 Results Conference Call on August 1, 2024, at 4:30 PM ET. The call will feature company leaders including Amy Shaw, Lisa Grow, and Brian Buckham, along with participants from various financial firms. The operator has announced that the call is being recorded and is available via live webcast.

IDACORP, Inc. (IDA) announced its earnings for the second quarter of 2024, reporting $1.71 per share, which is 24.8% higher than the Zacks Consensus Estimate of $1.37. This is an increase from the $1.35 per share earnings reported in the same quarter last year.

BOISE, Idaho--(BUSINESS WIRE)--Directors of IDACORP, Inc. (NYSE:IDA) today declared a common stock dividend of $0.83 per share, payable August 30, 2024 to holders of record at the close of business on August 5, 2024.