earnings
confidence high
sentiment positive
materiality 0.70
IDACORP Q1 EPS $1.10 vs $0.95 YoY; reaffirms FY25 guidance $5.65-$5.85
IDACORP INC
2025-Q1 EPS reported
$1.10
revenue$411,142,000
- Net income $59.6M, up 23.8% YoY; customer growth +2.6% (16,500 new customers) and rate increase drove results.
- Other O&M up $7.2M ($3.2M wildfire mitigation/insurance); depreciation up $5.8M on plant additions.
- Idaho Power recorded $19.3M ADITC amortization in Q1 vs $12.5M in Q1'24 under regulatory settlement.
- FY25 reaffirmed: EPS $5.65-$5.85; capex $1.0-$1.1B; O&M $465-475M; hydropower gen forecast raised to 7.0-8.5 MWh.