Idacorp Inc

Latest Results (18.11.2025):

Idacorp Inc reported strong third quarter 2025 results with net income growing to $124.4 million, or $2.26 per diluted share, compared to $113.6 million, or $2.12 per diluted share, in the third quarter of 2024. The company highlighted essential revenue drivers including customer growth and increased retail revenues per megawatt-hour, while also noting higher financing and depreciation expenses. Additionally, Idacorp Inc increased its full-year 2025 earnings guidance to a range of $5.80 to $5.90 per diluted share, incorporating expected contributions from additional tax credits and assuming normal weather conditions and power supply expenses.

Net Income and EPS Growth

For the third quarter of 2025, net income attributable to Idacorp Inc increased by $10.8 million compared to the same quarter in 2024, with earnings per diluted share rising to $2.26, illustrating improved profitability driven primarily by Idaho Power’s enhanced performance.

Revenue Drivers

Key operating improvements included a $17.6 million benefit from higher retail revenues per MWh and a $7.8 million contribution from customer growth, as evident from the growth of approximately 15,000 customers, which helped offset softer performance in usage per retail customer.

Expense Impacts

Despite revenue gains, the quarter saw increased operating expenses. Notable impacts were higher depreciation and amortization expenses, driven by new plant-in-service and the launch of a leased battery storage facility, alongside inflationary pressures affecting other operations and maintenance costs.

Upgraded Earnings Guidance

Building on the strong quarterly performance, Idacorp Inc raised its full-year 2025 earnings guidance to between $5.80 and $5.90 per diluted share, reflecting the anticipated benefits from additional tax credits and the outlook for stable operational conditions for the remainder of the year.