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Consolidated Statements of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues:        
Electric utility revenues $ 527,487 $ 509,635 $ 1,425,606 $ 1,351,700
Other 1,040 1,271 2,896 2,703
Total operating revenues 528,527 510,906 1,428,502 1,354,403
Operating Expenses:        
Purchased power 114,578 142,851 321,860 405,404
Fuel expense 73,471 71,723 188,411 191,917
Power cost adjustment 20,779 5,899 102,297 4,191
Other operations and maintenance 116,168 95,824 332,900 284,988
Energy efficiency programs 5,283 10,498 16,699 22,265
Depreciation 56,388 50,832 165,133 143,331
Other electric utility operating expenses, net 7,453 6,297 12,482 23,169
Total electric utility operating expenses 394,120 383,924 1,139,782 1,075,265
Other 698 694 2,145 2,453
Total operating expenses 394,818 384,618 1,141,927 1,077,718
Operating Income 133,709 126,288 286,575 276,685
Nonoperating (Income) Expense:        
Allowance for equity funds used during construction (15,179) (11,044) (39,610) (32,125)
Earnings of unconsolidated equity-method investments (1,978) (4,195) (3,880) (9,387)
Interest on long-term debt 35,432 29,361 102,048 82,908
Other interest 6,353 5,572 17,895 14,935
Allowance for borrowed funds used during construction (7,639) (4,903) (20,518) (14,291)
Other income, net (13,478) (7,924) (40,188) (24,890)
Total nonoperating expense, net 3,511 6,867 15,747 17,150
Income Before Income Taxes 130,198 119,421 270,828 259,535
Income Tax Expense 16,358 13,774 18,876 29,000
Net Income 113,840 105,647 251,952 230,535
Income attributable to noncontrolling interests (235) (383) (654) (599)
Net Income Attributable to IDACORP, Inc. $ 113,605 $ 105,264 $ 251,298 $ 229,936
Weighted-average common shares outstanding - basic (in shares) 53,386 50,726 52,112 50,713
Weighted-average common shares outstanding - diluted (in shares) 53,485 50,805 52,179 50,762
Earnings Per Share of Common Stock:        
Earnings attributable to IDACORP, Inc. - basic (in dollars per share) $ 2.13 $ 2.08 $ 4.82 $ 4.53
Earnings attributable to IDACORP, Inc. - diluted (in dollars per share) $ 2.12 $ 2.07 $ 4.82 $ 4.53