Idacorp Q3 net income up 9.5%, raises 2025 guidance

IDACORP

30/10/2025 10:45

Overview

Idacorp Q3 net income rises to $124.4 mln, driven by customer growth and rate changes

Adjusted EPS for Q3 2025 increases to $2.26 from $2.12 in Q3 2024

Company raises 2025 earnings guidance to $5.80-$5.90 per share

Outlook

Idacorp raises 2025 earnings guidance to $5.80-$5.90 per share

Idaho Power to use $50-$60 mln of additional tax credits in 2025

Idaho Power expects 2025 hydropower generation of 6.5-7.0 MWh vs 7-8 MWh previously expected

Result Drivers

CUSTOMER GROWTH - Co reports operating income increase due to 2.3% growth in Idaho Power customers, adding approximately 15,000 customers

RATE CHANGES - Increase in retail revenues per MWh due to Idaho base rate increase effective January 2025

DEPRECIATION AND FINANCING COSTS - Increased due to infrastructure investments and new finance lease

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$2.26
Q3 Net Income
$124.43 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $140.50, about 4.8% above its October 29 closing price of $133.80

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBwbLJ6bca

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(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.)