NYSE$IDA

IDACORP Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

IDACORP reported an increase in net income for Q4 2022 compared to Q4 2021, driven by customer growth and higher sales volumes.

IDACORP's Q4 2022 net income attributable to IDACORP was $42.1 million, or $0.83 per diluted share, compared to $32.8 million, or $0.65 per diluted share, in Q4 2021. The increase was primarily due to higher net income at Idaho Power, driven by customer growth, increased sales volumes, and transmission wheeling-related revenues.

  • IDACORP's net income increased by $9.3 million in Q4 2022 compared to Q4 2021.
  • Customer growth at Idaho Power increased operating income by $2.7 million.
  • Higher sales volumes on a per-customer basis increased operating income by $11.5 million.
  • Transmission wheeling-related revenues increased $6.4 million compared to the previous year.

Headline financials

Total Revenue

$423M

Previous: $335M+26.3%
EPS (adj)

$0.83

Previous: $0.65+27.7%
Capital Expenditures

$127M

Previous: $103M+23.5%
Free Cash Flow

-$45M

Previous: -$43.2M-4.2%
Net Income

$42.1M

Previous: $32.8M+28.4%
Operating Income

$56.8M

Previous: $51.9M+9.3%
Gross Profit

$57.8M

Previous: $25.5M+126.8%
Cash & Equivalents

$178M

Previous: $215M-17.5%
Total Assets

$7.54B

Previous: $7.21B+4.6%

Revenue & EPS history

IDACORP · Revenue · Quarterly

$423M

Q4 2022+26.3%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

IDACORP is initiating its full-year 2023 earnings guidance to the range of $4.95 to $5.15 per diluted share.

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 2022

Historical avgQ4 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

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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