What is the revenue and EPS growth rate for IDACORP year over year?

What is IDACORP's gross profit margin?

What were the key takeaways from IDACORP’s earnings call?

What is the market's earnings forecast for IDACORP next quarter?

What is IDACORP's latest dividend and current dividend yield?

Did IDACORP beat or miss consensus estimates last quarter?

What does IDACORP do and what are its main business segments?

What factors drove the changes in IDACORP's revenue and profit?

- **EPS Growth Record**: 18th straight year of EPS growth, 2026 guidance up 8% to $6.25-$6.45.
- **Idaho Expansion**: 2.3% customer growth, B2H transmission 80% complete, targeting 2027 in-service.
- **CapEx Surge**: $7B 5-year plan (2026-2030), doubling prior spend, with $11B rate base by 2030.
- **Affordability Focus**: No 2026 rate case filing, large load contracts offsetting $1.4B annual CapEx.
- **Oregon Sale**: $154M asset sale simplifies business, freeing capital for Idaho growth.
- **Credit Strength**: 50-50 debt-equity ratio maintained, 2025 FFO/debt ~14.3%, no rating agency changes expected.


**【Management Opening Remarks】**
- IDACORP reported 18th consecutive year of EPS growth, with 2025 EPS of $5.90 vs. $5.50 in 2024.
- 2026 EPS guidance set at $6.25-$6.45, reflecting 8% growth from 2025 midpoint.
- Announced sale of Oregon distribution assets for $154M, expected to close in 10+ months.

**【CEO Summary Section】**
- Idaho customer base grew 2.3% in 2025, driven by 2.5% residential growth to 660,000+ meters.
- Major projects include Micron's 1st semiconductor fab (near completion), Meta data center (online), and B2H transmission (80% towers built, targeting 2027 in-service).
- Emphasized affordability: 2026 rate case filing uncertain, with large load contracts offsetting infrastructure costs.
- Oregon sale simplifies business, freeing capital for Idaho growth.

**【CFO Financial Commentary】**
- 2025 net income: $34M YoY increase, driven by rate case benefits and customer growth.
- 2026-2030 CapEx forecast: $7B (avg $1.4B/yr), doubling prior 5-year spend.
- Rate base forecast: $11B by 2030 (16.7% CAGR), up from $5.3B in 2025.
- 50-50 debt-equity target maintained; 2026-2030 equity needs: $1.4B (excluding forward sales).
- Oregon sale proceeds to offset equity dilution, with minimal EPS impact.

**【Q&A Key Highlights】**
- **Customer Pipeline**: Strong inquiries across industries, with 4,000MW+ committed projects. Micron's 2nd fab and Diode data center could add significant load post-2026.
- **Equity Strategy**: Conservative 50-50 split for incremental CapEx; 2026 O&M guidance at $525-535M includes wildfire costs.
- **Credit Metrics**: 2025 FFO/debt ~14.3%, targeting gradual improvement; no immediate rating agency changes expected.
- **Hydro Outlook**: 2026 generation forecast 5.5-7.5M MWh, optimistic due to wet winter and normal snowpack.
- **ADITC Usage**: 2026 < $30M, down from 2025's $40M, reflecting large load revenue growth.


IDACORP, Inc. (IDA) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: 2.3% customer growth driven by manufacturing and tech sectors, with Micron fabs and new large load projects.
- **Project Shift**: 600MW Jackalope wind project canceled; 167MW gas plant expansion approved, targeting 2028 in-service.
- **Financial Strength**: Full-year EPS raised to $5.80-$5.90, supported by $464M operating cash flow and $10B+ total assets.
- **Regulatory Momentum**: Idaho Commission approves ADITC adjustments and wildfire mitigation plan, enhancing financial and operational resilience.

**【CEO Summary Section】**
- **Customer Growth**: 2.3% year-over-year growth in customers, driven by manufacturing, food processing, and technology sectors. Micron's fabs and new large load projects highlight Idaho's advanced manufacturing expansion.
- **Affordability Commitment**: Residential rates remain 20%-30% below the national average, with conservative forecasting for new large loads.
- **Infrastructure Progress**: Boardman-to-Hemingway transmission line towers completed; Bennett Mountain gas plant pre-permit issued, targeting 2028 in-service date.
- **Wildfire Mitigation**: Filed first wildfire mitigation plan under new state law, emphasizing system hardening and risk reduction.

**【CFO Financial Commentary】**
- **Q3 Financials**: Net income increased $10.8 million, driven by rate changes and customer growth. O&M expenses rose $4.2 million due to inflation and wildfire mitigation.
- **Earnings Guidance**: Full-year EPS raised to $5.80-$5.90, reflecting strong operational performance and reduced ADITC amortization estimate ($50M-$60M vs. prior $60M-$70M).
- **Capital Spending**: QIP balance at $1.6B, total assets exceed $10B. Hells Canyon AFUDC pre-collection approved, adding $30M annual cash flow.
- **Liquidity**: Operating cash flow $464M YTD, supporting growth and regulatory compliance.

**【Q&A Key Highlights】**
- **Jackalope Wind Cancellation**: 600MW project terminated due to policy changes; exploring short-term market purchases, natural gas, and battery storage alternatives.
- **Gas Plant Investment**: 167MW Bennett Mountain expansion pre-permit issued; gas resources seen as cost-effective for peak demand.
- **Customer Growth Trends**: Manufacturing and agricultural loads offset slower residential growth; 8.3% annual load growth expected through 2030.
- **Regulatory Support**: Idaho Commission approves ADITC mechanism adjustments, maintaining financial health and affordability balance.
- **Credit Metrics**: QIP balance $1.6B, no immediate equity needs due to delayed gas plant payments and regulatory support.

IDACORP, Inc. (IDA) Q3 2025 Earnings Call Transcript

- **EPS guidance raised**: Full-year EPS range updated to $5.70-$5.85, driven by $60M-$77M tax credit usage.
- **Customer growth surge**: 2.5% YoY customer expansion, including Micron's second 500MW fab and 3,800MW pipeline of prospective loads.
- **Gas infrastructure pivot**: 167MW gas plant in 2029 RFP shortlist as alternative to delayed wind projects.
- **Rate case focus**: $199M rate increase request includes new mechanism to reduce regulatory lag from $1.4B construction work in progress.

**【Management Opening Remarks】**
- Q2 2025 diluted EPS: $1.76 (vs. $1.71 in Q2 2024), driven by $17.2M additional tax credit amortization under Idaho regulatory mechanism.
- Full-year EPS guidance raised to $5.70-$5.85 (from $5.65-$5.85), reflecting strong operational results and $60M-$77M additional tax credit usage.

**【CEO Customer Growth & Infrastructure Update】**
- Customer base grew 2.5% YoY, with 2.7% residential growth. Notable expansions include Micron's second 500MW fab, ValorC3 data center expansion, and Tesla's 6 new EV charging stations.
- 3,800MW pipeline of prospective loads exceeds current peak demand, with potential incremental growth into the 2030s.
- Major infrastructure projects: Boardman-to-Hemingway transmission line (groundbreaking in June), 80MW battery project online, and 150MW energy storage agreement.
- 2025 IRP recommends 150MW gas-fired resources for flexibility; Jackalope Wind project at risk due to federal regulatory hurdles.

**【CFO Financial Results & Capital Allocation】**
- Q2 net income up $6.3M YoY, driven by:
  - +$8.8M from rate increase and customer growth
  - +$6M from customer usage (49% higher cooling degree days)
  - +$17.2M tax credit amortization
- O&M expenses +$11.1M due to labor, wildfire mitigation, and insurance costs.
- $575M follow-on equity offering to support $1B-$1.1B 2025 CapEx plan.
- Idaho rate case requests $199M rate increase, 51% equity ratio, and new depreciation/interest tracking mechanism to reduce regulatory lag.

**【Q&A Highlights】**
- **Pipeline visibility**: 3,800MW pipeline not included in 2025 IRP load forecast of 8.3% (2025-2030). Future IRPs likely to show higher growth rates.
- **Gas vs. renewables tradeoff**: Regulatory delays in wind projects may accelerate gas plant development (e.g., 167MW Idaho Power-owned gas plant in 2029 RFP shortlist).
- **Irrigation demand sensitivity**: 15% YoY increase in irrigation sales due to dry weather, but no mechanism to pass-through irrigation-related costs.
- **Regulatory timeline**: Idaho PUC procedural schedule for rate case expected in coming weeks, with new rates effective Jan 2026.

IDACORP, Inc. (IDA) Q2 2025 Earnings Call Transcript

- **Revenue Growth**: 2.6% customer base expansion driven by $725M+ new industrial investments (Chobani, Tractor Supply).
- **Infrastructure Expansion**: 80MW battery & 600MW wind projects on track; $5.6B 5-year capex to support 8.3% annual sales growth.
- **Financial Strength**: Q1 net income +11.4M, 50/50 debt-equity target maintained with $400M debt issuance.
- **Risk Mitigation**: New wildfire liability protections; tariff monitoring for battery projects.
- **Future Outlook**: 2029-2030 dispatchable resources needed; 12.5% 5-year rate base growth expected.

**【CEO Business Overview】**
- **Customer Growth**: 2.6% year-over-year increase in customer base, driven by 2.9% residential growth. Key investments include Chobani's $500M expansion (50% production increase) and Tractor Supply's $225M distribution center.
- **Energy Infrastructure Expansion**: 
  - 80MW battery project and 150MW storage agreement set to operationalize in 2025.
  - 600MW Jackalope wind project (300MW owned) awaiting regulatory approval.
  - Transmission projects (Boardman-Hemingway, Swift North) targeting 2027-2029 in-service dates.
- **Regulatory & Risk Management**: 
  - Filing for 2026 rate case to recover $5.6B 5-year capex, including $30M AFUDC for Health Canyon relicensing.
  - Wildfire mitigation plan enhanced with new state standard of care legislation.

**【CFO Financial Highlights】**
- **Q1 2025 Results**: 
  - Net income up $11.4M YoY, driven by rate case increases, customer growth, and tax credit amortization.
  - O&M expenses +5.8% due to wildfire mitigation (+$3M) and reduced grants.
  - CapEx execution accelerated: $1.4B spent YTD, with $1B+ annualized for first time.
- **Financial Strategy**: 
  - Target 50/50 debt-equity ratio; $400M debt issuance in Q1, $90M equity issuance pending.
  - 5-year rate base CAGR of 12.5%, supported by $5.6B capex plan.

**【Q&A Key Takeaways】**
- **Wildfire Legislation**: No immediate changes to mitigation plans, but new state standard of care provides legal clarity.
- **Rate Case Mechanisms**: Exploring capital trackers and multi-year recovery mechanisms to reduce regulatory lag.
- **Future Resource Needs**: Dispatchable resources expected in 2029-2030, with potential for additional projects based on load growth.
- **Tariff Impact**: Monitoring battery storage tariffs, but in-process projects constrained by system needs.
- **Customer Pipeline**: Steady flow of interconnection inquiries, with 7.25M+ sq.ft. of new industrial space under development.

IDACORP (IDA)-1 May 25-2025 Q1 Earnings call transcript

- **Record Growth**: 17th consecutive year of earnings growth with 2024 EPS of $5.50, up 7.4% YoY. 
- **Robust Customer Expansion**: 2.6% customer growth driven by Idaho's 4.5% GDP forecast and major projects with Meta, Micron, and Perpetua. 
- **CapEx Surge**: $5.6B 5-year CapEx plan (2025-2029), doubling prior 5-year average, funded by 50-50 debt-equity mix. 
- **Regulatory Support**: 3.7% Idaho rate increase and 12.14% Oregon increase offset costs, with 2025 EPS guidance of $5.65-$5.85. 
- **Transmission Expansion**: Boardman to Hemingway construction begins 2027; SWIP North 11% ownership stake finalized. 


**【CEO Summary Section】**
- IDACORP achieved 17 consecutive years of earnings growth, with diluted EPS of $5.50 in 2024, up from $5.14 in 2023. 
- Customer growth remained strong at 2.6%, driven by Idaho's expanding economy (forecasted 4.5% GDP growth in 2025). 
- Major projects with Meta and Micron are on track, with one additional large load project signed and others under discussion. 
- Regulatory approvals included a 3.7% rate increase in Idaho and 12.14% increase in Oregon, supporting infrastructure investments. 
- Load growth forecast for 2025-2029 is 8.3% annually, driven by industrial and commercial demand. 

**【CFO Financial Commentary】**
- 2024 net income increased by $28 million, driven by rate changes and customer growth. 
- Total other O&M expenses rose $61.1 million, primarily due to wildfire mitigation ($30M) and pension costs ($18M). 
- CapEx forecast for 2025-2029 is $5.6 billion, doubling the previous 5-year average. 
- Debt-equity ratio target remains 50-50, with $1.4 billion in equity and $2.2 billion in debt needed over 5 years. 
- 2025 EPS guidance is $5.65-$5.85, assuming $60M-$77M of additional tax credit amortization. 

**【Q&A Key Highlights】**
- **ADITC Replenishment**: May explore adding credits via rate case or separate filing, with $77M remaining in current mechanism. 
- **Credit Metrics**: FFO to debt ratio near 17% (Moody's) and 14.5% (S&P), expected to hover near downgrade thresholds in 2025. 
- **Regulatory Strategy**: Exploring period-end rate base and capital trackers to reduce regulatory lag. 
- **Transmission Projects**: Boardman to Hemingway construction expected to begin in 2027; SWIP North ownership agreement finalized for 11% stake. 
- **Load Growth Drivers**: Data centers, mining (Perpetua Resources), and manufacturing dominate new load inquiries. 
- **Weather Impact**: 2024 saw 37% higher cooling degree days, moderating power supply costs but increasing usage. 


Actual											0.74	1.19	2.02	0.74	0.89	1.38	1.93	0.65	0.91	1.27	2.1	0.83	1.11	1.35	2.07	0.61	0.95	1.71	2.12	0.7	1.1	1.76	2.26	0.78
Forecast											0.805	1.1867	1.9267	0.675	0.8067	1.23	1.9875	0.6733	0.9214	1.31	2.0481	0.825	0.9525	1.23	1.9781	0.5977	1.1633	1.3722	2.1781	0.6262	1.0301	1.7773	2.2574	0.7316
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.07%	+0.28%	+4.84%	+9.63%	+10.33%	+12.20%	-2.89%	-3.46%	-1.24%	-3.05%	+2.53%	+0.61%	+16.54%	+9.76%	+4.65%	+2.06%	-18.34%	+24.62%	-2.67%	+11.79%	+6.79%	-0.97%	+0.12%	+6.62%

Actual	--	--	--	--	--	--	--	--	--	--	347.10M	--	--	--	315.57M	--	--	334.43M	--	--	--	--	--	413.84M	595.20M	--	--	440.15M	717.95M	340.36M	328.73M	510.27M	637.53M	519.31M
Forecast	--	--	--	--	--	--	--	--	--	--	272.50M	310.35M	378.28M	284.65M	312.47M	315.83M	392.03M	264.04M	306.55M	344.19M	423.28M	284.82M	320.77M	334.90M	520.47M	302.35M	357.34M	440.15M	628.32M	403.21M	423.30M	531.10M	661.36M	533.06M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+27.38%	0.00%	0.00%	0.00%	+0.99%	0.00%	0.00%	+26.66%	0.00%	0.00%	0.00%	0.00%	0.00%	+23.57%	+14.36%	0.00%	0.00%	0.00%	+14.27%	-15.59%	-22.34%	-3.92%	-3.60%	-2.58%

IDA

IDA fundamentals

IDA Q4 2025 Earnings

Earnings Call

You can ask Aime

IDA

IDA fundamentals

IDA Q4 2025 Earnings

Earnings Call

IDA Earnings Call Summary for Q4/20254:30 PM on Feb 19, 2026

IDA Earnings Call Summary for Q3/20254:30 PM on Oct 30, 2025

IDA Earnings Call Summary for Q2/20254:30 PM on Jul 31, 2025

IDA Earnings Call Summary for Q1/20254:30 PM on May 1, 2025

IDA Earnings Call Summary for Q4/20244:30 PM on Feb 20, 2025

You can ask Aime