IDACORP Inc. (NYSE:IDA) Q2 2025 Earnings: EPS Beats, Revenue Misses Amid Rising Costs

IDACORP Inc. (NYSE:IDA) Reports Q2 2025 Earnings: EPS Beats, Revenue Misses Amid Rising Costs

IDACORP Inc. released its second-quarter 2025 earnings, delivering mixed results compared to analyst expectations. The company reported earnings per share (EPS) of $1.76, slightly below the consensus estimate of $1.80, while revenue came in at $450.9 million, missing the expected $536.4 million. Despite the revenue shortfall, the company raised the lower end of its full-year earnings guidance, signaling confidence in its operational performance.

Key Financial Highlights

• Net Income: $95.8 million, up from $89.5 million in Q2 2024.
• Diluted EPS: $1.76 vs. $1.71 in the prior-year quarter.
• Revenue: $450.9 million, a decline from expectations, attributed to lower-than-anticipated power sales and regulatory adjustments.
• Customer Growth: Added ~16,000 new customers (2.5% YoY), driving higher demand.
• Hydropower Generation: Slightly below expectations due to lower precipitation, impacting irrigation-related power usage.

Market Reaction

Following the earnings release, IDACORP’s stock saw a pre-market decline of ~3.8%, reflecting investor concerns over the revenue miss and rising operational costs. Over the past month, shares had gained ~6%, suggesting some optimism ahead of earnings, but the weaker-than-expected sales figures appear to have triggered a pullback.

Operational and Regulatory Factors Impacting Results

• Higher Costs: Increased depreciation, financing expenses, and wildfire mitigation efforts weighed on margins.
• Regulatory Benefits: Additional tax credits ($60M–$77M expected in 2025) helped offset some cost pressures.
• Infrastructure Investments: The company broke ground on the Boardman-to-Hemingway 500kV transmission line, a long-delayed project expected to enhance grid reliability.

Updated Full-Year Guidance

IDACORP raised the lower end of its 2025 EPS forecast to $5.70–$5.85 (from $5.65–$5.85), maintaining expectations for normal weather and power supply conditions. Analysts had projected full-year EPS of $5.88, meaning the updated outlook remains slightly below consensus.

Looking Ahead

While cost pressures remain a challenge, IDACORP’s regulatory mechanisms and customer growth provide a stable foundation. The company’s ability to manage expenses while investing in critical infrastructure will be key to meeting future earnings targets.

For more detailed earnings estimates and historical performance, visit IDACORP’s earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.