Idacorp Q2 Earnings Miss Estimates, Raises Annual Outlook

Idacorp Q2 net profit increased to $95.781 million, or $1.76 per share, beating last year's $89.520 million, or $1.71 per share. However, earnings missed analysts' forecasts of $1.78 per share. The company revised its annual earnings guidance, now expecting $5.70 to $5.85 per share for 2025, up from $5.65 to $5.85 per share.

Idacorp Inc. (IDA), an electricity holding company, announced its second-quarter 2025 financial results, with a net profit of $95.781 million, or $1.76 per share, compared to $89.520 million, or $1.71 per share, in the same period last year. While the company's earnings exceeded last year's figures, they fell short of analysts' expectations of $1.78 per share [1].

Lisa Grow, CEO of Idacorp, attributed the strong performance to higher-than-anticipated customer usage, continued customer growth, rate changes, and the expected use of tax credits under the company's Idaho regulatory mechanism. The company also reported a 16,000 increase in the number of Idaho Power customers, growing by approximately 2.5 percent during the twelve months ended June 30, 2025 [2].

For the full year 2025, Idacorp revised its earnings guidance, increasing the lower-end of its previous outlook to $5.70 to $5.85 per share, compared to the earlier outlook of $5.65 to $5.85 per share. Analysts, on average, forecast the company to earn $5.84 per share for the year [1].

The stock was down by 0.44% at $122 in the pre-market trade on the New York Stock Exchange [1].

References:
[1] https://www.rttnews.com/3560300/idacorp-q2-net-profit-climbs-on-higher-demand-but-misses-estimates-revises-annual-earnings-outlook.aspx?type=ern
[2] https://www.morningstar.com/news/business-wire/20250731355264/idacorp-inc-announces-second-quarter-2025-results-increases-lower-end-of-earnings-guidance-range