IDACORP, Inc (NYSE:IDA) Q3 2024 Earnings Conference Call October 31, 2024 4:30 PM ET
Company Participants
Amy Shaw - Vice President of Finance, Compliance and Risk
Lisa Grow - President, and Chief Executive Officer
Brian Buckham - Senior Vice President, Chief Financial Officer, and Treasurer
Adam Richins - Senior Vice President, and Chief Operating Officer
Tim Tatum - Vice President of Regulatory Affairs
Conference Call Participants
Alex Mortimer - Mizuho Securities
Ross Fowler - Bank of America
Bill Appicelli - UBS Securities
Chris Ellinghaus - SWS
Operator
Welcome to IDACORP's Third Quarter 2024 Earnings Conference Call. Today's call is being recorded, and our broadcast is live. A replay will be available later today, and for the next 12 months on the IDACORP website. [Operator Instructions]
I will now turn the call over to Amy Shaw, Vice President of Finance, Compliance and Risk.
Amy Shaw
Thank you. Good afternoon, everyone. We appreciate you joining our call. This morning, we issued and posted to IDACORP's website our third quarter 2024 earnings release and the Form 10-Q. The slides we will reference during today's call are available on IDACORP's website.
As noted on slide two, our discussion today includes forward-looking statements, including earnings guidance, spending forecast, regulatory plans and actions, financing plans, and estimates and assumptions that reflect our current views on what the future holds, all of which are subject to risks and uncertainties. These risks and uncertainties may cause actual results to differ materially from statements made today, and we caution against placing undue reliance on any forward-looking statements. Our cautionary note on forward-looking statements and various risk factors are included in more detail for your review in our filings with the Securities and Exchange Commission.
As shown on slide three, we have Lisa Grow, IDACORP's President and CEO; and Brian Buckham, IDACORP's Senior Vice President, CFO, and Treasurer, presenting today. We also have other members of our management team available for a Q&A session following our prepared remarks.
Slide four shows a summary of our financial results. IDACORP's third quarter 2024 diluted earnings per share were $2.12 compared to $2.07 for last year's third quarter. In the third quarter of this year, we recorded $2.5 million of additional tax credit amortization under the Idaho regulatory stipulation, but recorded no additional ADITC amortization during the same period last year.
Earnings per diluted share were $4.82 for the first nine months of this year, compared with $4.53 for the same period last year. Those results include additional tax credit amortization of $22.5 million through Q3 of 2024, compared to $7.5 million for the same period last year.