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EX - 99.1 2 exhibit991 - october282021.htm EX - 99.1 October 28 , 2021 Exhibit 99.1 IDACORP IDACORP , Inc. Announces Third Quarter 2021 Results , Tightens 2021 Earnings Guidance Upward BOISE -- IDACORP , Inc. ( NYSE : IDA ) reported third quarter 2021 net income attributable to IDACORP of $ 97.9 million , or $ 1.93 per diluted share , compared with $ 102.0 million , or $ 2.02 per diluted share , in the third quarter of 2020. For the first nine months of 2021 , IDACORP reported net income attributable to IDACORP of $ 212.8 million , or $ 4.20 per diluted share , compared with $ 199.9 million , or $ 3.95 per diluted share , in the first nine months of 2020 . " Continued strong customer growth , combined with higher transmission wheeling revenues , led to another solid quarter for IDACORP , " said IDACORP President and Chief Executive Officer Lisa Grow . " Irrigation sales arrived earlier than last year , affecting the quarterly comparison . Our results over the first nine months of 2021 have set the course for what we now expect to be IDACORP's 14th consecutive year of earnings growth . " The customer and earnings growth also support our recent dividend increase , which has now reached an annualized level of $ 3.00 per share . " IDACORP tightened its previously reported full - year 2021 earnings guidance upward to the range of $ 4.80 to $ 4.90 per diluted share . IDACORP does not expect Idaho Power to utilize any of the additional tax credits available under its Idaho earnings support regulatory mechanism in 2021. The earnings guidance also assumes normal weather conditions and a sustained return to more normal economic conditions following the impacts of COVID - 19 over the rest of the year . Performance Summary A summary of financial highlights for the periods ended September 30 , 2021 and 2020 is as follows ( in thousands , except per- share amounts ) : Three months ended September 30 , Nine months ended September 30 , 2021 2020 2021 2020 Net income attributable to IDACORP , Inc. Average outstanding shares – diluted ( 000's ) IDACORP , Inc. earnings per diluted share $ 97,897 $ 102,031 - 50,681 50,576 $ 1.93 $ 212,752 $ 199,910 2.02 $ 50,621 50,554 4.20 $ 3.95