Idacorp Q4 Profit Declines - Quick Facts

(RTTNews) - Idacorp Inc. (IDA) reported Thursday fourth-quarter net income attributable to the company of $31.8 million or $0.63 per share, compared to last year's $34.6 million or $0.69 per share.

Idaho Power Company, IDACORP's principal operating subsidiary, reported net income of $31.5 million in the quarter, compared with $34.2 million for the same period in 2014.

DACORP's 2015 attributable net income was $194.7 million or $3.87 per share, compared with $193.5 million or $3.85 per share, in 2014.

Looking ahead, IDACORP President and CEO Darrel Anderson said, "We are initiating IDACORP's full year 2016 earnings guidance in the range of $3.80 to $3.95 per diluted share and are expecting Idaho Power to use less than $5 million of additional accumulated deferred investment tax credits."