Earnings summaries and quarterly performance for IDACORP.
Executive leadership at IDACORP.
Lisa Grow
President and Chief Executive Officer
Adam Richins
Senior Vice President and Chief Operating Officer
Brian Buckham
Senior Vice President, Chief Financial Officer, and Treasurer
Jeff Malmen
Senior Vice President of Public Affairs
Tim Tatum
Vice President of Regulatory Affairs
Board of directors at IDACORP.
Research analysts who have asked questions during IDACORP earnings calls.
Chris Ellinghaus
Siebert Williams Shank
5 questions for IDA
David Arcaro
Morgan Stanley
4 questions for IDA
Julien Dumoulin-Smith
Jefferies
4 questions for IDA
Brian Russo
Jefferies
3 questions for IDA
Christopher Ellinghaus
Siebert Williams Shank & Co., LLC
3 questions for IDA
Alexander Mortimer
Mizuho Securities
2 questions for IDA
Michael Lonegan
Evercore ISI
2 questions for IDA
Whitney Mutalemwa
Jefferies
2 questions for IDA
Anthony Crowdell
Mizuho Financial Group
1 question for IDA
Ross Sauler
Bank of America
1 question for IDA
William Appicelli
UBS
1 question for IDA
Recent press releases and 8-K filings for IDA.
- IDACORP reported diluted earnings per share of $5.90 for full-year 2025, marking its 18th consecutive year of EPS growth.
- The company initiated full-year 2026 diluted EPS guidance in the range of $6.25-$6.45, with the midpoint reflecting an 8% EPS growth rate over 2025 actual results.
- IDACORP's customer base grew 2.3% in 2025, reaching over 660,000 metered customers, driven by significant residential, commercial, and industrial construction, including projects from Micron and Meta.
- The 5-year capital expenditure forecast for 2026-2030 averages $1.4 billion per year, totaling approximately $7 billion, with 2026 CapEx estimated between $1.3 billion and $1.5 billion.
- Cash flows from operations exceeded $600 million for the first time in company history in 2025, and the company is not planning to file a general rate case in Idaho on June 1, 2026.
- IDACORP achieved its 18th consecutive year of earnings per share growth in 2025, driven by record energy sales and strong reliability scores.
- The company reported robust customer growth of 2.3% in 2025, bringing the number of metered customers served to over 660,000, and noted significant progress on large industrial projects including Micron's semiconductor facility and Meta's data center.
- IDACORP forecasts a substantial increase in capital expenditures, with the 2026-2030 CapEx forecast up 26% compared to the prior 2025-2029 forecast. The rate base is projected to more than double from $5.3 billion in 2025 to over $11 billion by 2030, representing a 16.7% CAGR.
- For 2026, IDACORP expects diluted earnings per share to be in the range of $6.25-$6.45, with CapEx anticipated between $1.3 billion and $1.5 billion.
- The company entered into a definitive agreement to sell its Oregon distribution system and some transmission assets for a base purchase price of $154 million, a move expected to provide business simplification and capital to fund growth in Idaho.
- IDACORP reported diluted earnings per share of $0.78 for Q4 2025 and $5.90 for the full year 2025, marking its 18th consecutive year of EPS growth. The company provided 2026 earnings guidance of $6.25 - $6.45 per diluted share.
- Idaho Power experienced 2.3% year-over-year customer growth and forecasts 8.3% 5-year retail sales growth based on the 2025 IRP Load Forecast.
- To support this growth, IDACORP projects Idaho Power Capital Expenditures of $1,300 - $1,500 million for 2026 and anticipates a 16.7% CAGR for Total System Rate Base Growth from 2026-2030.
- The Boardman-to-Hemingway transmission line broke ground in June 2025 with an expected in-service date in late 2027. The company's financing plan for 2026-2030 includes $4,050 million in net cash from operations and $7,350 million in capital expenditures.
- IDACORP reported diluted earnings per share of $5.90 for 2025, marking its 18th consecutive year of EPS growth and exceeding the midpoint of its original guidance by $0.15 per share.
- The company initiated its full-year 2026 diluted earnings per share guidance in the range of $6.25-$6.45, with the midpoint reflecting an 8% EPS growth rate over 2025 actual results.
- IDACORP forecasts significant capital expenditures, averaging $1.4 billion per year from 2026 to 2030, totaling approximately $7 billion, which is a 26% increase over the previous 5-year forecast. This investment is expected to drive rate base growth from $5.3 billion in 2025 to over $11 billion by 2030, representing a 16.7% CAGR.
- Customer growth remains robust, with the customer base increasing by 2.3% in 2025 to over 660,000 metered customers, supported by major projects like Micron's semiconductor facility and Meta's data center.
- To fund this growth, the company estimates needing $2 billion in equity and $2.9 billion in debt through 2030, with over $600 million in equity already secured for 2026.
- IDACORP reported net income attributable to IDACORP of $43.6 million, or $0.78 per diluted share, for the fourth quarter of 2025, and $323.5 million, or $5.90 per diluted share, for the full year ended December 31, 2025.
- The company is initiating its full-year 2026 earnings guidance in the range of $6.25 to $6.45 per diluted share.
- Idaho Power's capital expenditures, excluding AFUDC, are estimated to be between $1,300 million and $1,500 million for 2026, compared to $1,083 million in 2025.
- IDACORP reported net income attributable to IDACORP of $43.6 million ($0.78 per diluted share) for the fourth quarter of 2025, and $323.5 million ($5.90 per diluted share) for the full year ended December 31, 2025.
- These results represent an increase from the prior year, which saw Q4 2024 net income of $37.9 million ($0.70 per diluted share) and FY 2024 net income of $289.2 million ($5.50 per diluted share).
- The company's 2025 earnings were at the top-end of its previously increased guidance, benefiting from customer growth, rate changes, lower income tax expense, and the use of tax credits.
- IDACORP is initiating its full-year 2026 earnings guidance in the range of $6.25 to $6.45 per diluted share.
- The company plans for substantial capital investment in 2026 as it continues to execute infrastructure development plans focused on affordability and reliability for customers.
- IDACORP reported full-year 2025 net income of $323.5 million, or $5.90 diluted EPS, and Q4 2025 EPS of $0.78, which beat consensus estimates.
- The company provided 2026 earnings guidance of $6.25 to $6.45 per diluted share.
- While Q4 EPS beat, full-year 2025 revenue slightly declined to $1.813 billion, and Q4 revenue missed expectations, leading to analyst concerns about weak cash flow and negative revenue trends.
- Management noted 2026 will require substantial capital investment for regional growth, including breaking ground on the Boardman-to-Hemingway transmission line.
- 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 ,.
- 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.
- 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.
Quarterly earnings call transcripts for IDACORP.
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