IDACORP (IDA) Company Report

IDACORP reported diluted earnings per share of $2.26 for the third quarter of 2025, compared to $2.12 for the same period last year. For the first three quarters of 2025, diluted earnings per share were $5.13.
The company raised its full-year 2025 diluted earnings per share guidance for the second time this year to a range of $5.80 to $5.90 per diluted share ,. This guidance assumes Idaho Power will use between $50 million and $60 million of additional tax credit amortization for the full year, a reduction from the prior estimate ,.
Customer growth increased 2.3% since last year's third quarter, including 2.5% for residential customers.
A settlement was reached in the Idaho general rate case, designed to increase annual revenues by $110 million, or 7.48%, effective January 1, 2026, with a 9.6% ROE and a $4.9 billion Idaho jurisdictional rate base.
The 600 MW Jackalope Wind Project agreements were terminated due to policy changes, and the company is now identifying alternative power supply solutions, including a planned 167 MW expansion of the Bennett Mountain gas-fired power plant expected online in 2028 ,.

Oct 30, 2025, 8:30 PM

Transcript

IDACORP reports Q3 2025 results, raises 2025 EPS guidance, and settles Idaho General Rate Case

IDA

Earnings

Guidance Update

New Projects/Investments

IDACORP reported diluted earnings per share of $2.26 for Q3 2025, an increase from $2.12 in Q3 2024, and raised its 2025 earnings guidance to $5.80 - $5.90 per diluted share.
An Idaho General Rate Case Settlement was reached, requesting rates to become effective January 1, 2026, which includes an increase of $110.0 million (7.48%) in annual Idaho-jurisdictional revenue and provides for a 9.6% Idaho-jurisdiction return on equity.
Idaho Power experienced 2.3% year-over-year customer growth, with its 2025 Integrated Resource Plan (IRP) forecasting a 5-year annual growth rate of 8.3% for retail sales.
The Boardman-to-Hemingway project broke ground in June 2025, with an in-service date expected in late-2027, and Idaho Power holds approximately a 45% interest.

Oct 30, 2025, 8:30 PM

Presentation

IDA Reports Strong Q3 2025 Results and Raises Full-Year Guidance

IDA

Earnings

Guidance Update

New Projects/Investments

IDACORP reported diluted earnings per share of $2.26 for the third quarter of 2025, compared to $2.12 in the prior year's third quarter, and $5.13 for the first three quarters of 2025.
The company raised its full-year 2025 diluted earnings per share guidance for the second time this year to a range of $5.80 to $5.90 per diluted share.
Idaho Power reached a settlement in its general rate case, which is designed to increase annual revenues by $110 million, or 7.48%, effective January 1, and includes a 9.6% ROE.
The Jackalope Wind Project agreements were terminated due to policy changes, prompting the company to identify new power supply solutions, including a planned 167-megawatt expansion of the Bennett Mountain gas-fired power plant expected to be online in 2028.
Customer growth has been robust, with a 2.3% increase since last year's third quarter, driven by significant industrial engagement from projects like Micron's fab expansion and Perpetua Resources.

Oct 30, 2025, 8:30 PM

Transcript

IDACORP Reports Q3 2025 Earnings, Raises Full-Year Guidance, and Details Rate Case Settlement

IDA

Earnings

Guidance Update

New Projects/Investments

IDACORP reported diluted earnings per share of $2.26 for Q3 2025, up from $2.12 in Q3 2024, and $5.13 for the first three quarters of 2025, compared to $4.82 for the same period in 2024.
The company raised its full-year 2025 diluted earnings per share guidance for the second time this year to a range of $5.80 to $5.90, reflecting strong operational performance.
Idaho Power reached a settlement in its general rate case, designed to increase annual revenues by $110 million (7.48%) effective January 1, and includes a 9.6% ROE and a $4.9 billion Idaho jurisdictional rate base.
The customer base grew 2.3% since Q3 last year, with residential customers growing 2.5%.
The 600-megawatt Jackalope Wind Project agreements were terminated due to policy changes, leading the company to identify new power supply solutions, including a planned 167-megawatt expansion of the Bennett Mountain gas-fired power plant.

Oct 30, 2025, 8:30 PM

Transcript

IDACORP Announces Third Quarter 2025 Results and Increases Earnings Guidance

IDA

Earnings

Guidance Update

IDACORP, Inc. reported net income attributable to IDACORP of $124.4 million, or $2.26 per diluted share, for the third quarter of 2025.
For the nine months ended September 30, 2025, net income attributable to IDACORP was $279.9 million, or $5.13 per diluted share.
The company is increasing its full-year 2025 earnings guidance to a range of $5.80 to $5.90 per diluted share, up from the previous range of $5.70 to $5.85 per diluted share.
The improved results were primarily driven by customer growth and rate changes.

Oct 30, 2025, 12:24 PM

8-K

IDACORP Announces Third Quarter 2025 Results and Increases Earnings Guidance

IDA

Earnings

Guidance Update

New Projects/Investments

IDACORP reported net income attributable to IDACORP of $124.4 million, or $2.26 per diluted share, for the third quarter of 2025, compared with $113.6 million, or $2.12 per diluted share, in the third quarter of 2024.
The company increased its full-year 2025 earnings guidance to a range of $5.80 to $5.90 per diluted share, up from the previous range of $5.70 to $5.85 per diluted share.
The improved third quarter results were primarily driven by customer growth (approximately 15,000 new customers or 2.3% over the past year) and rate changes, which increased operating income by $7.8 million and $17.6 million, respectively.
These benefits were partially offset by increased financing costs and depreciation expenses resulting from Idaho Power’s infrastructure investments.
A constructive settlement of the Idaho general rate case is currently pending approval by the Idaho Public Utilities Commission.

Oct 30, 2025, 10:30 AM

Press Release

IDACORP's Idaho Power Reaches Rate Case Settlement Stipulation

IDA

Legal Proceedings

Guidance Update

Idaho Power Company, a subsidiary of IDACORP, Inc., filed a settlement stipulation with the Idaho Public Utilities Commission (IPUC) for its general rate case on October 24, 2025.
If approved, the stipulation would allow Idaho Power to increase annual Idaho-jurisdictional retail revenue by approximately $110.0 million, or 7.48 percent, effective January 1, 2026.
The settlement proposes a 9.6 percent return on equity and a 7.410 percent authorized rate of return on an Idaho-jurisdictional rate base of approximately $4.9 billion.
The IPUC's determination on the settlement stipulation is currently pending, and Idaho Power cannot predict the outcome.

Oct 24, 2025, 8:13 PM

8-K

IDACORP Updates 2025 Earnings Guidance and Announces Board Retirement

IDA

Guidance Update

Board Change

New Projects/Investments

IDACORP updated its 2025 Earnings Guidance (per diluted share) to $5.70 – $5.85 as of July 31, 2025, an increase from the previous guidance of $5.65 – $5.85.
Judith A. Johansen will retire from the Boards of Directors of IDACORP and Idaho Power, effective December 31, 2025.
Idaho Power filed a general rate case on May 30, 2025, seeking a $199.1 million (13.09%) increase in Idaho-jurisdictional revenue, effective January 1, 2026.
The company forecasts a 16.1% rate base CAGR from 2025-2029 and plans ~$5.6 billion in capital expenditures during this period.

Sep 19, 2025, 8:31 PM

8-K

Idaho Power Releases 2025 Integrated Resource Plan

IDA

New Projects/Investments

Guidance Update

Idaho Power released its 2025 Integrated Resource Plan (IRP), which forecasts a nearly 45% or 1,700 megawatts (MW) increase in peak energy demand over the next 20 years, with almost 1,000 MW of that growth expected in the next five years.
The IRP calls for significant investment in energy resources, transmission, battery storage, and energy efficiency, including the Boardman to Hemingway and Southwest Intertie transmission projects, to meet this projected demand.
The plan, which supports Idaho Power's goal to provide 100% clean energy by 2045, will be reviewed by public utility commissions in Idaho and Oregon.

Jul 1, 2025, 5:00 PM

Press Release

IDACORP's Idaho Power Files General Rate Case

IDA

New Projects/Investments

Legal Proceedings

Guidance Update

Idaho Power Company filed a general rate case with the Idaho Public Utilities Commission (IPUC) on May 30, 2025, requesting an overall rate increase of $199.1 million, or 13.09%.
If approved, the new rates are anticipated to become effective on or after January 1, 2026.
The filing requests an authorized rate of return on equity of 10.4 percent and proposes a capitalization structure of approximately 49 percent long-term debt and 51 percent common stock equity, with an overall cost of capital of 7.818 percent.
The requested increase would result in an average monthly bill increase of about $21.66 for Idaho residential customers using 900 kilowatt-hours per month.

May 30, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for IDACORP.

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