Increased Earnings Per Share
IDACORP's diluted earnings per share increased to $1.76 from $1.71 compared to last year's second quarter. For the first half of 2025, diluted earnings per share increased to $2.87 from $2.67 in 2024.
Customer Base Growth
Idaho Power's customer base grew by 2.5%, with residential customers increasing by 2.7%. Notable new customer investments include a high-volume fabrication plant by Micron and expansions by ValorC3 data centers and Tesla.
Successful Equity Transaction
IDACORP entered into forward sale agreements to sell $575 million in gross amount of stock, supporting equity needs into 2027.
Strong Operational Results
The company raised the lower end of its full-year IDACORP diluted earnings per share guidance by $0.05, driven by strong operational results.