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Consolidated Statements of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues:        
Electric utility revenues $ 449,819 $ 412,727 $ 898,118 $ 842,065
Other 1,220 1,111 1,857 1,432
Total operating revenues 451,039 413,838 899,975 843,497
Operating Expenses:        
Purchased power 95,383 91,460 207,282 262,554
Fuel expense 22,699 31,113 114,940 120,194
Power cost adjustment 59,156 49,629 81,519 (1,708)
Other operations and maintenance 110,903 97,123 216,733 189,164
Energy efficiency programs 7,126 6,552 11,416 11,767
Depreciation 54,732 47,108 108,745 92,499
Other electric utility operating expenses, net (2,981) 7,846 5,027 16,871
Total electric utility operating expenses 347,018 330,831 745,662 691,341
Other 752 713 1,448 1,758
Total operating expenses 347,770 331,544 747,110 693,099
Operating Income 103,269 82,294 152,865 150,398
Nonoperating (Income) Expense:        
Allowance for equity funds used during construction (13,279) (11,173) (24,431) (21,081)
Earnings of unconsolidated equity-method investments (1,277) (2,739) (1,902) (5,192)
Interest on long-term debt 33,308 28,579 66,616 53,547
Other interest 6,075 4,609 11,542 9,363
Allowance for borrowed funds used during construction (6,920) (5,161) (12,879) (9,389)
Other income, net (12,545) (8,816) (26,710) (16,964)
Total nonoperating expense, net 5,362 5,299 12,236 10,284
Income Before Income Taxes 97,907 76,995 140,629 140,114
Income Tax Expense 8,063 8,131 2,517 15,226
Net Income 89,844 68,864 138,112 124,888
Income attributable to noncontrolling interests (324) (290) (419) (216)
Net Income Attributable to IDACORP, Inc. $ 89,520 $ 68,574 $ 137,693 $ 124,672
Weighted-average common shares outstanding - basic (in shares) 52,170 50,725 51,467 50,707
Weighted-average common shares outstanding - diluted (in shares) 52,236 50,758 51,519 50,741
Earnings Per Share of Common Stock:        
Earnings attributable to IDACORP, Inc. - basic (in dollars per share) $ 1.72 $ 1.35 $ 2.68 $ 2.46
Earnings attributable to IDACORP, Inc. - diluted (in dollars per share) $ 1.71 $ 1.35 $ 2.67 $ 2.46