Idacorp reports Q4 EPS 70c, consensus 63c

“IDACORP’s (IDA) earnings in 2024 benefited from continued strong customer growth, rate changes, spring and summer weather conditions that contributed to higher customer usage, and the use of tax credits under the company’s Idaho regulatory mechanism,” said CEO Lisa Grow. “Higher depreciation and financing costs partially offset those benefits during the year, as we continued to acquire resources and build infrastructure to respond to rapidly growing customer needs. To support ongoing growth and energy reliability and resiliency for all of our customers, we anticipate another year of substantial capital investment”.