NYSE$IDA
IDACORP Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
IDACORP's net income increased due to higher net income at Idaho Power, driven by customer growth, increased usage per customer, and strong transmission wheeling revenues.
IDACORP Inc. reported a net income of $46.3 million, or $0.91 per diluted share, for the first quarter of 2022, compared to $44.8 million, or $0.89 per diluted share, for the same period in 2021. The increase was primarily due to higher net income at Idaho Power, driven by customer growth, increased usage per customer, and strong transmission wheeling revenues.
- Net income attributable to IDACORP increased by $1.5 million compared to Q1 2021.
- Customer growth at Idaho Power increased operating income by $3.0 million due to a 2.6% increase in customers.
- Higher sales volumes per customer increased operating income by $9.3 million, driven by colder weather and increased economic activity.
- Transmission wheeling-related revenues increased by $2.0 million due to new long-term wheeling agreements and higher tariff rates.
Headline financials
Revenue & EPS history
IDACORP · Revenue · Quarterly
$318M
Forward guidance
IDACORP affirms its full-year 2022 earnings guidance in the range of $4.85 to $5.05 per diluted share. The guidance assumes normal weather conditions and no utilization of additional tax credits.
Tailwinds
- Affirms earnings guidance of $4.85 - $5.05 per diluted share.
- Expects no utilization of additional tax credits.
- Assumes normal weather conditions for the rest of the year.
- O&M Expense between $355 - $365 million
- Capital Expenditures between $480 - $500 million
Headwinds
- Assumes no significant disruption to business operations.
- Assumes no critical supply-chain shortages.
- Assumes no workforce impacts or disruptions.
- Assumes no major declines in customer usage related to COVID-19.
- Hydropower Generation between 5.0 - 6.5 MWh
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 2022
+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
| Quarter | Report date | Reaction (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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