IDACORP, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 08:09 am EDT
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IDACORP, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 509.64 million compared to USD 517.1 million a year ago. Revenue was USD 510.91 million compared to USD 518.01 million a year ago. Net income was USD 105.26 million compared to USD 106.38 million a year ago. Basic earnings per share from continuing operations was USD 2.08 compared to USD 2.1 a year ago. Diluted earnings per share from continuing operations was USD 2.07 compared to USD 2.1 a year ago.
For the nine months, sales was USD 1,351.7 million compared to USD 1,218.69 million a year ago. Revenue was USD 1,354.4 million compared to USD 1,221.02 million a year ago. Net income was USD 229.94 million compared to USD 216.93 million a year ago. Basic earnings per share from continuing operations was USD 4.53 compared to USD 4.28 a year ago. Diluted earnings per share from continuing operations was USD 4.53 compared to USD 4.28 a year ago.
IDACORP, Inc. is a holding company. The Company operates through its subsidiary, Idaho Power Company (Idaho Power). Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity and is regulated by the state regulatory commissions of Idaho and Oregon and by the Federal Energy Regulatory Commission (FERC). Idaho Power provides electric utility service to over 633,000 retail customers in southern Idaho and eastern Oregon. Its customers are in food processing, electronics and general manufacturing, agriculture and other sectors. Idaho Power also provides irrigation customers with electric utility service to operate irrigation pumps during the agricultural growing season. Its other subsidiaries include IDACORP Financial Services, Inc. (IFS), an investor in affordable housing and other real estate tax credit investments, and Ida-West Energy Company (Ida-West), an operator of small hydropower generation projects.
IDACORP, INC. 
