IDACORP 2025 Q2 Earnings Strong Performance as Net Income Surges 7%

IDACORP(IDA) reported its fiscal 2025 Q2 earnings on Jul 31st, 2025. IDACORP’s earnings exceeded expectations with a 7% growth in net income, setting a record high for fiscal Q2. The company's full-year 2025 earnings guidance was raised, reflecting optimistic future growth prospects. Analysts had forecasted earnings growth slightly below the industry average, but IDACORP's actual performance demonstrated exceptional financial health. The company continues to project stability and positive future outcomes, bolstered by strategic operational plans.

Revenue
IDACORP's revenue in 2025 Q2 remained nearly unchanged from the previous year, totaling $449.67 million compared to $449.82 million in 2024 Q2. Specifically, electric utility revenues accounted for the bulk of earnings, contributing $449.67 million. Additionally, other revenues amounted to $1.21 million, bringing total operating revenues to $450.88 million.

Earnings/Net Income
IDACORP's earnings per share (EPS) increased by 2.9% to $1.77 in 2025 Q2 from $1.72 in 2024 Q2, reflecting sustained earnings growth. Net income improved significantly, reaching $96.13 million, a 7% rise from $89.84 million in 2024 Q2. This quarter marked the highest fiscal Q2 net income in over 20 years, showcasing strong financial performance.

Post Earnings Price Action Review
The strategy of acquiring IDACORP shares following quarterly earnings reports that show revenue increases and holding these shares for 30 days has delivered moderate returns. However, this approach has underperformed compared to the broader market, achieving a compound annual growth rate (CAGR) of 7.47%, which trails the benchmark by 42.59%. Despite the low risk indicated by a maximum drawdown of 0.00% and a Sharpe ratio of 0.37, returns have been modest. This strategy may appeal to investors prioritizing stability over high returns, as it offers a reliable yet conservative investment path.

CEO Commentary
“IDACORP's strong second quarter results were driven by higher than anticipated customer usage, continued customer growth, rate changes, and the expected use of tax credits under the company’s Idaho regulatory mechanism,” said IDACORP President and Chief Executive Officer Lisa Grow. "Partially offsetting those benefits were higher depreciation and financing costs, as Idaho Power continues to build infrastructure for reliability and to respond to rapidly growing customer needs.” Grow also highlighted the commencement of the Boardman-to-Hemingway transmission line project after nearly 19 years of permitting efforts, expressing excitement for the benefits it will bring to customers.

Guidance
IDACORP is increasing the lower-end of its full-year 2025 earnings guidance to a range of $5.70 to $5.85 per diluted share, expecting Idaho Power to utilize between $60 million and $77 million of additional tax credits available under the Idaho regulatory mechanism. The guidance assumes normal weather conditions and power supply expenses for the remainder of 2025.

Additional News
IDACORP recently celebrated the approval and initial construction of the Boardman-to-Hemingway transmission line project, a significant step forward after nearly two decades of regulatory hurdles. This project is anticipated to enhance infrastructure reliability and meet the increasing demands of their growing customer base. Additionally, IDACORP has reaffirmed its commitment to sustainable energy by expanding investment in renewable resources, aligning with long-term strategic goals for cleaner energy production. These developments underscore the company's proactive approach in managing operational growth and sustainability challenges while aiming to reinforce its position in the regulated electric utility sector.