IDACORPNYSE: IDA

IDA's third-quarter earnings and revenues increase year over year. Total operating expenses also increase during the same period.

BOISE, Idaho--(BUSINESS WIRE)--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,” said IDACORP President and Chief Executive Officer Lisa Grow. “As expected, higher depreciation.

BOISE, Idaho--(BUSINESS WIRE)--Directors of IDACORP, Inc. (NYSE:IDA) today declared a common stock dividend of $0.86 per share, payable December 2, 2024 to holders of record at the close of business on November 5, 2024.

BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) announced today that its Board of Directors approved an increase in the regular quarterly cash dividend on IDACORP's common stock to $0.86 per share. At the new rate, the indicated dividend is $3.44 per share on an annual basis. “IDACORP's Board of Directors has approved a dividend increase every year since 2011, resulting in a cumulative dividend increase of 187% and compound annual dividend growth rate of 7.8% since 2011,” said Lisa Gro.

Idacorp has hiked its payout to shareholders for 12 consecutive years. The electric utility's operating revenue and diluted EPS climbed higher in the second quarter. Idacorp's interest coverage ratio was above 3 through the first six months of 2024.

IDACORP, Inc (NYSE:IDA ) Q2 2024 Results Conference Call August 1, 2024 4:30 PM ET Company Participants Amy Shaw - Vice President of Finance, Compliance & Risk Lisa Grow - President and Chief Executive Officer Brian Buckham - SVP, Chief Financial Officer and Treasurer Adam Richins - SVP and COO Tim Tatum - Vice President of Regulatory Affairs Conference Call Participants Shar Pourreza - Guggenheim Partners David Arcaro - Morgan Stanley Alex Mortimer - Mizuho Julien Dumoulin - Jefferies Operator Welcome to IDACORP's Second Quarter 2024 Earnings Conference Call. Today's call is being recorded and our webcast is live.

IDACORP, Inc. IDA reported second-quarter 2024 earnings of $1.71 per share, which beat the Zacks Consensus Estimate of $1.37 by 24.8%. The company reported earnings of $1.35 per share in the year-ago quarter.

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.

IDACORP (IDA) makes a strong case for investment, given its earnings growth prospects, impressive cost management and highly liquid operations.