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Idacorp (IDA)
NYSE:IDA
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.06Last Year’s EPS
0.95Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 1.92%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with strong earnings growth, robust customer growth, and successful infrastructure expansion. However, increased operational expenses and regulatory lag present challenges to be addressed.Company Guidance
During IDACORP's Fourth Quarter and Year-End 2024 Earnings Conference Call, the company provided several key metrics and guidance for 2025. IDACORP reported diluted earnings per share of $5.50 for 2024, up from $5.14 in the previous year, with a significant $29.8 million tax credit amortization contributing to this increase. The company anticipates 2025 earnings per share to range between $5.65 and $5.85, supported by an expected $60 million to $77 million in additional tax credit amortization. Customer growth was strong at 2.6%, with nearly 650,000 customers by the end of 2024. The company's capital expenditure forecast for the next five years averages $1.1 billion annually, with a projected rate base growth of 16.1% CAGR from 2025 to 2029, reaching approximately $5.1 billion by the end of 2029. IDACORP also aims to maintain a balanced debt-to-equity ratio, with plans to raise $1.4 billion in equity and $2.2 billion in debt over the next five years. Hydropower generation is expected to be between 6.5 million and 8.5 million megawatt hours in 2025, with favorable snowpack conditions noted.17th Consecutive Year of Earnings Growth
IDACORP achieved its 17th consecutive year of earnings growth, with diluted earnings per share increasing to $5.50 from $5.14 in the previous year.
Strong Customer Growth
Idaho Power experienced 2.6% customer growth, ending the year with nearly 650,000 customers. The local economy is expected to grow by 4.5% in 2025 and 3.7% in 2026.
Infrastructure and Capacity Expansion
IDACORP is expanding infrastructure to support new projects, including a 600 MW Wyoming wind project and a high-voltage line from Nevada to Idaho, with construction expected to begin soon.
Positive Regulatory Outcomes
Idaho limited issue rate case concluded with an overall increase of $50.1 million or 3.7%, effective January 1, and the Oregon general rate case resulted in a $6.7 million or 12.14% increase.
Hydropower Conditions and Snowpack
The current snowpack is over 120% of average, which is favorable for hydropower operations.
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IDA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IDA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $112.05 | $112.72 | +0.60% |
| Oct 31, 2024 | $100.55 | $101.85 | +1.29% |
| Aug 01, 2024 | $95.44 | $99.90 | +4.67% |
| May 02, 2024 | $92.89 | $92.29 | -0.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Idacorp (IDA) report earnings?
Idacorp (IDA) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Idacorp (IDA) earnings time?
Idacorp (IDA) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IDA EPS forecast?
IDA EPS forecast for the fiscal quarter 2025 (Q1) is 1.06.
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