NYSE$IDA

IDACORP Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

IDACORP reported increased earnings due to customer growth, increased transmission revenues, and lower operations and maintenance expenses.

IDACORP's first quarter 2021 net income attributable to IDACORP was $44.8 million, or $0.89 per diluted share, compared to $37.5 million, or $0.74 per diluted share, in the first quarter of 2020. Customer count grew 2.9% over the past twelve months.

  • Net income attributable to IDACORP increased to $44.8 million from $37.5 million year-over-year.
  • Earnings per diluted share rose to $0.89 from $0.74 year-over-year.
  • Customer growth contributed $3.7 million to operating income, with a 2.9% increase in customers.
  • Transmission wheeling-related revenues increased by $4.1 million due to higher volumes and rates.

Headline financials

Total Revenue

$291M

Previous: $270M+7.8%
EPS (adj)

$0.89

Previous: $0.74+20.3%
Capital Expenditures

-$77.3M

Previous: -$73.6M-5.1%
Free Cash Flow

-$32.5M

Previous: -$36.1M+10.0%
Net Income

$44.8M

Previous: $37.5M+19.6%
Operating Income

$61.1M

Previous: $51.6M+18.5%
Gross Profit

$61.8M

Previous: $61.4M+0.6%
Cash & Equivalents

$240M

Previous: $139M+72.8%
Total Assets

$7.08B

Previous: $6.61B+7.1%

Revenue & EPS history

IDACORP · Revenue · Quarterly

$291M

Q1 2021+7.8%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

IDACORP affirms its full-year 2021 earnings guidance to the range of $4.60 to $4.80 per diluted share. Idaho Power does not expect to utilize any of the additional tax credits available under its Idaho earnings support regulatory mechanism in 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.1%

Avg return

30 days after

65%

44 / 68 earnings

Positive

+6.5%

Q2 2024

Best reaction

-6.1%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.4%+0.5%-2.9%
Q4 2025-2.4%+1.1%-4.4%
Q3 2025-2.0%-3.2%-1.5%
Q1 2025-1.5%-1.2%+0.7%
Q4 2024+0.6%+3.3%+2.0%
Q3 2024+3.6%+7.2%+16.0%
Q2 2024+6.5%+3.5%+4.3%
Q1 2024+0.2%+0.8%-0.5%
Q4 2023+1.8%+2.2%+4.3%
Q3 2023+4.4%+0.1%+2.0%
Q2 2023-3.2%-3.1%-5.6%
Q1 2023+0.1%-1.5%-5.1%
Q4 2022+3.8%+2.7%+5.0%
Q3 2022+1.7%-0.4%+6.4%
Q2 2022-1.0%+1.4%-1.3%
Q1 2022+0.8%+0.4%+0.8%
Q4 2021-0.6%-1.9%+6.6%
Q3 2021+0.3%+1.8%+2.8%
Q2 2021-0.1%+1.3%+0.1%
Q1 2021+2.8%+2.5%-1.7%
Q4 2020+1.4%+2.3%+15.3%
Q3 2020-0.9%+2.7%+4.0%
Q2 2020-1.6%-2.9%-6.6%
Q1 2020-6.1%-3.6%-1.1%
Q4 2019-0.0%-2.6%-33.0%
Q3 2019-0.8%-3.2%-3.5%
Q2 2019+0.8%+1.2%+7.6%
Q1 2019+1.6%+1.2%+1.5%
Q4 2018+1.1%-0.2%+1.8%
Q3 2018+1.5%+3.8%+5.3%
Q2 2018+1.3%+2.4%+5.3%
Q1 2018+1.0%-2.2%-1.7%
Q4 2017+2.9%-0.2%+2.1%
Q3 2017+1.5%+3.6%+7.6%
Q2 2017-0.2%+1.4%+3.0%
Q1 2017+1.8%+0.1%+7.7%
Q4 2016+2.5%+2.6%+2.8%
Q3 2016+0.9%+0.8%+2.6%
Q2 2016+1.3%+1.1%-5.4%
Q1 2016+0.0%
Q4 2015+3.1%
Q3 2015-1.9%
Q2 2015+2.7%
Q1 2015-3.2%
Q4 2014+1.1%
Q3 2014+2.7%
Q2 2014-0.8%
Q1 2014-3.1%
Q4 2013+2.3%
Q3 2013-0.5%
Q2 2013+0.1%
Q1 2013+1.3%
Q4 2012-0.2%
Q3 2012-1.0%
Q2 2012+3.0%
Q1 2012-3.5%
Q4 2011-1.0%
Q3 2011+1.5%
Q2 2011-3.3%
Q1 2010+0.7%
Q1 2011+1.8%
Q4 2010-1.6%
Q3 2010+0.2%
Q3 2009+0.2%
Q2 2009+0.2%
Q4 2009+0.2%
Q4 2008+0.2%
Q2 2010+0.2%

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