Idacorp has hiked its payout to shareholders for 12 consecutive years. The electric utility's operating revenue and diluted EPS climbed higher in the second quarter. Idacorp's interest coverage ratio was above 3 through the first six months of 2024.
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IDACORP, Inc (NYSE:IDA ) Q2 2024 Results Conference Call August 1, 2024 4:30 PM ET Company Participants Amy Shaw - Vice President of Finance, Compliance & Risk Lisa Grow - President and Chief Executive Officer Brian Buckham - SVP, Chief Financial Officer and Treasurer Adam Richins - SVP and COO Tim Tatum - Vice President of Regulatory Affairs Conference Call Participants Shar Pourreza - Guggenheim Partners David Arcaro - Morgan Stanley Alex Mortimer - Mizuho Julien Dumoulin - Jefferies Operator Welcome to IDACORP's Second Quarter 2024 Earnings Conference Call. Today's call is being recorded and our webcast is live.
IDACORP, Inc. IDA reported second-quarter 2024 earnings of $1.71 per share, which beat the Zacks Consensus Estimate of $1.37 by 24.8%. The company reported earnings of $1.35 per share in the year-ago quarter.
IdaCorp (IDA) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.35 per share a year ago.
IdaCorp (IDA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
IDACORP (IDA) makes a strong case for investment, given its earnings growth prospects, impressive cost management and highly liquid operations.
IDACORP (IDA) makes a strong case for investment, given its earnings growth prospects, debt management and ability to increase shareholders' value.
IDACORP's total returns have more than doubled the S&P 500 in the last three months. Lower usage per customer due to weather and higher interest expense caused the electric utility to miss analysts' expectations for diluted EPS for the first quarter. Given the circumstances, IDA's interest coverage ratio was fine for Q1.