Increase in Diluted Earnings Per Share
IDACORP's diluted earnings per share increased from $1.71 in last year's second quarter to $1.76 this year. For the first half of 2025, diluted earnings per share rose from $2.67 in 2024 to $2.87.
Raising Earnings Guidance
The lower end of IDACORP's full-year diluted earnings per share guidance has been raised by $0.05, to a new range of $5.70 to $5.85, driven by strong operational results in the second quarter.
Customer Growth
Idaho Power's customer base grew by 2.5% since last year's second quarter, including a 2.7% growth in residential customers.
Significant New Customer Investments
Several significant new customer investments were made in sectors like technology, food processing, mining, and distribution warehousing. Notably, Micron announced a second high-volume fabrication plant in Boise.
Equity Transaction Success
IDACORP successfully entered into forward sale agreements to sell $575 million in gross amount of stock, planning to fund equity needs into 2027.
Increased Operating Cash Flows
Operating cash flows for the first half of 2025 were $301 million, $45 million higher than the first half of the previous year.