IDACORP, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 05:31 pm IST
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IDACORP, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 412.73 million compared to USD 357.67 million a year ago. Revenue was USD 413.84 million compared to USD 358.72 million a year ago. Net income was USD 68.57 million compared to USD 64.29 million a year ago. Basic earnings per share from continuing operations was USD 1.35 compared to USD 1.27 a year ago. Diluted earnings per share from continuing operations was USD 1.35 compared to USD 1.27 a year ago.
For the six months, sales was USD 842.07 million compared to USD 701.59 million a year ago. Revenue was USD 843.5 million compared to USD 703.01 million a year ago. Net income was USD 124.67 million compared to USD 110.55 million a year ago. Basic earnings per share from continuing operations was USD 2.46 compared to USD 2.18 a year ago. Diluted earnings per share from continuing operations was USD 2.46 compared to USD 2.18 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. 
