NYSE$IDA

IDACORP Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

IDACORP reported an increase in net income and EPS for Q4 2019, driven by strong economic activity and effective cost management.

IDACORP's Q4 2019 net income attributable to IDACORP was $47.1 million, or $0.93 per diluted share, compared to $26.1 million, or $0.52 per diluted share, in Q4 2018. The increase was primarily due to higher net income at Idaho Power, driven by customer growth and effective cost management.

  • Net income attributable to IDACORP increased to $47.1 million in Q4 2019 from $26.1 million in Q4 2018.
  • Earnings per diluted share rose to $0.93 in Q4 2019, compared to $0.52 in Q4 2018.
  • Customer growth increased operating income by $4.7 million compared to the same quarter last year.
  • Non-operating income and expenses improved by $9.2 million compared to Q4 2018.

Headline financials

Total Revenue

$293M

Previous: $312M-6.1%
EPS (adj)

$0.93

Previous: $0.52+78.8%
Capital Expenditures

$79.8M

Previous: $79.9M-0.1%
Free Cash Flow

-$224K

Previous: $45.8M-100.5%
Net Income

$47.1M

Previous: $26.1M+80.3%
Operating Income

$6.6M

Previous: $48.3M-86.3%
Gross Profit

$62.7M

Previous: $56.9M+10.1%
Cash & Equivalents

$217M

Previous: $267M-18.8%
Total Assets

$6.64B

Previous: $6.38B+4.0%

Revenue & EPS history

IDACORP · Revenue · Quarterly

$293M

Q4 2019-6.1%vs Q4 2018
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

IDACORP is initiating its full year 2020 earnings guidance in the range of $4.45 to $4.65 per diluted share, and Idaho Power does not expect to use any of the tax credits available under the Idaho regulatory stipulation. This earnings guidance assumes normal weather conditions.

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 Q4 2019

Historical avgQ4 2019

+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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