IdaCorp ( (IDA) ) has released its Q3 earnings. Here is a breakdown of the information IdaCorp presented to its investors.
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IdaCorp, Inc. is a holding company primarily operating through its subsidiary, Idaho Power Company, which is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy across southern Idaho and eastern Oregon. The company is regulated by state utility commissions and the Federal Energy Regulatory Commission.
In its latest earnings report for the quarter ending September 30, 2025, IdaCorp reported a net income of $124.6 million, an increase from $113.8 million in the same period last year. The company also saw a rise in earnings per share, reaching $2.30 from $2.13 in the previous year, reflecting a solid financial performance despite a slight decline in total operating revenues.
Key financial highlights include a total operating revenue of $524.4 million for the quarter, a slight decrease from $528.5 million in the previous year. Operating expenses also decreased, contributing to an operating income of $144.8 million, up from $133.7 million. The company benefited from lower purchased power costs and a decrease in fuel expenses, which helped offset the decline in revenues.
Looking ahead, IdaCorp’s management remains focused on strategic investments and regulatory approvals to support future growth. The company has filed a general rate case with the Idaho Public Utilities Commission, seeking to adjust rates and increase annual revenues, which, if approved, will take effect in January 2026. This move is part of IdaCorp’s ongoing efforts to ensure sustainable operations and meet the increasing demand for electricity in its service areas.