IDACORP INC (IDA) Earnings History

IDACORP INC - Q4 2025 EarningsBeat

Filed at: Feb 19, 2026, 8:27 AM EST|Read from source

EXECUTIVE SUMMARY

IDACORP reported strong full-year 2025 results, exceeding prior guidance, driven by customer growth and rate changes. The company is initiating 2026 guidance with an optimistic outlook, emphasizing continued infrastructure investment and a focus on affordability and reliability for its customers.

POSITIVE HIGHLIGHTS

  • •

    Full-year 2025 net income of $323.5 million, or $5.90 per diluted share, up from $289.2 million, or $5.50 per diluted share, in 2024.

    positive
  • •

    Fourth quarter 2025 net income of $43.6 million, or $0.78 per diluted share, compared to $37.9 million, or $0.70 per diluted share, in the fourth quarter of 2024.

    positive
  • •

    Full-year 2025 earnings were at the top-end of previously increased guidance.

    positive
  • •

    Initiated 2026 earnings guidance in the range of $6.25 to $6.45 per diluted share.

    positive

CONCERNS & RISKS

  • •

    Usage per retail customer decreased operating income by $4.9 million in Q4 2025 and $6.5 million in FY 2025 due to milder temperatures reducing heating and cooling demand.

    attention
  • •

    Depreciation and amortization expense increased $7.4 million in Q4 2025 and $27.7 million in FY 2025 due to increased plant-in-service and a new leased battery storage facility.

    attention
  • •

    Non-operating expense, net, increased $3.9 million in Q4 2025 and $22.8 million in FY 2025 due to higher long-term debt balances, increased transmission customer deposits, and interest on a new finance lease.

    attention
  • •

    Other O&M expenses increased $9.6 million in FY 2025 due to inflationary pressures on labor and professional services, and increased statutory fees.

    attention

FINANCIAL METRICS

Revenue
Quarterly
N/A
N/A
Annual (YTD)
$323.47B
N/A
Prior year: $289.17B
Net Income
Quarterly
$43.61B
+15.1%
Prior year: $37.88B
Annual (YTD)
$323.47B
N/A
Prior year: $289.17B
EPS (Diluted)
Quarterly
$0.78
+11.4%
Prior year: $0.70
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
N/A
N/A

MARGIN ANALYSIS

Margin metrics will be available once backend extracts data from insights_json

MANAGEMENT GUIDANCE

FY2026

EPS
$6.25—$6.45
Mid-point: $6.35
"Assumes normal weather conditions and power supply expenses."

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

IDACORP's earnings in 2025 were at the top-end of the previously increased earnings guidance range.

— IDACORP INC, Q4 2025 2025 Earnings Call

Results benefited from customer growth, rate changes, lower income tax expense, and the use of tax credits under the company's Idaho regulatory mechanism.

— IDACORP INC, Q4 2025 2025 Earnings Call

Partially offsetting those benefits were higher depreciation and financing costs from infrastructure investments.

— IDACORP INC, Q4 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Customer Growth
2.3
percent

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.