Electric power firm Idacorp's Q2 net income rises to $95.8 mln

IDACORP

31/07/2025 11:38

Overview

Idacorp Q2 2025 net income rises to $95.8 mln, EPS at $1.76

Company increases lower-end of full-year 2025 earnings guidance

Results driven by higher customer usage, growth, and rate changes

Outlook

Idacorp raises lower-end of 2025 earnings guidance to $5.70-$5.85 per share

Company expects use of $60 mln-$77 mln additional tax credits in 2025

Idacorp assumes normal weather conditions for remainder of 2025

Result Drivers

CUSTOMER USAGE - Higher than anticipated customer usage drove strong Q2 results, according to CEO Lisa Grow

CUSTOMER GROWTH - Continued customer growth contributed positively to Q2 financial performance

RATE CHANGES - Rate changes and tax credits under Idaho regulatory mechanism supported results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$1.76
Q2 Net Income
$95.78 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Idacorp Inc is $127.00, about 3.5% above its July 30 closing price of $122.54

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBw2stnjGa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)