Core Viewpoint - IdaCorp (IDA) is a utility company in the Electric Power industry that has consistently beaten earnings estimates and is well-positioned for future earnings surprises [1][5]. Earnings Performance - For the last reported quarter, IdaCorp achieved earnings of $1.1 per share, exceeding the Zacks Consensus Estimate of $1.03 per share, resulting in a surprise of 6.80% [2]. - In the previous quarter, the company was expected to post earnings of $0.63 per share but delivered $0.7 per share, leading to a surprise of 11.11% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for IdaCorp, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for IdaCorp is +2.34%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high probability of another earnings beat, with historical data indicating that stocks with this combination beat consensus estimates nearly 70% of the time [6][8]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].

Group 1 - IDACORP, Inc. (IDA) is experiencing significant activity in the options market, particularly with the Aug 15, 2025 $75.00 Put showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - Analysts have a mixed outlook on IDACORP, with the company holding a Zacks Rank 3 (Hold) in the Utility - Electric Power industry, which is in the bottom 40% of the Zacks Industry Rank [3] Group 2 - Over the past 60 days, two analysts have raised their earnings estimates for IDACORP for the current quarter, increasing the Zacks Consensus Estimate from $1.68 to $1.71 per share [3] - The high implied volatility may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]

Leadership Presenting Today Earnings Conference Call 4th Quarter 2014 February 19, 2015 Darrel Anderson IDACORP President & Chief Executive Officer Steve Keen IDACORP Senior Vice President, Chief Financial Officer & Treasurer 2 Forward-Looking Statements In addition to the historical information contained in this presentation, this presentation contains (and oral communications made by IDACORP, Inc. and Idaho Power Company may contain) statements, including, without limitation, earnings guidance, that relat ...

Earnings Conference Call 4th Quarter 2015 February 18, 2016 Leadership Presenting Today Darrel Anderson IDACORP President & Chief Executive Officer Earnings Performance IDACORP, Inc. Net Income and Earnings Per Share (thousands except for per share amounts) | | Three Months | | | Twelve Months | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | Ended December 31 | | | Ended December 31 | | | | | | 2015 | | 2014 | 2015 2014 | | | | | Net Income | $ | 31,832 | $ 34,648 | $ | 194,679 | $ 193,480 | | ...

Earnings Conference Call 4 th Quarter & Year End 2016 February 23, 2017 Forward-Looking Statements In addition to the historical information contained in this presentation, this presentation contains (and oral communications made by IDACORP, Inc. and Idaho Power Company may contain) statements, including, without limitation, earnings guidance, that relate to future events and expectations and, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act o ...

February 22, 2018 Forward-Looking Statements In addition to the historical information contained in this presentation, this presentation contains (and oral communications made by IDACORP, Inc. and Idaho Power Company may contain) statements, including, without limitation, earnings guidance and estimated key operating and financial metrics, that relate to future events and expectations and, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 19 ...

Core Insights - The article discusses the author's journey in dividend growth investing and the importance of financial independence [1] Group 1: Author's Background - The author has been investing since September 2017 and has a long-standing interest in dividend investing since 2009 [1] - The author runs a blog called "Kody's Dividends," which documents the journey towards financial independence through dividend growth investing [1] Group 2: Community Engagement - The author expresses gratitude for the blog that introduced them to the Seeking Alpha community as an analyst [1] - The author contributes regularly to various financial platforms, including Sure Dividend, The Dividend Kings, and iREIT+Hoya Capital [1]

Core Viewpoint - IDACORP, Inc. reported strong first-quarter 2025 earnings, exceeding estimates, driven by customer growth and operational efficiency [1][3]. Financial Performance - Earnings per share for Q1 2025 were $1.10, surpassing the Zacks Consensus Estimate of $1.03 by 6.8% and improving 15.8% from $0.95 in the same quarter last year [1]. - Total revenues for Q1 2025 were $432.4 million, down 5.6% from the Zacks Consensus Estimate of $458 million and down 3.8% from $449 million in the prior year [2]. - Net income increased to $59.6 million, a rise of 23.4% from the previous year [3]. Operational Highlights - Customer growth rate in service areas rose by 2.6% year over year, contributing an additional $7.3 million to operating income [3]. - Total operating expenses decreased to $377.5 million, down 5.5% from the year-ago quarter, attributed to lower purchased power and fuel costs [3]. Cash Flow and Debt - As of March 31, 2025, cash and cash equivalents stood at $634.5 million, up from $368.9 million at the end of 2024 [4]. - Long-term debt increased to $3.44 billion from $3.05 billion as of December 31, 2024 [4]. - Net cash provided by operating activities was $124.3 million, compared to $109.7 million in the prior year [4]. Guidance - IDACORP maintained its full-year 2025 earnings guidance of $5.65-$5.85 per share, with the Zacks Consensus Estimate at $5.81 [5]. - Expected capital expenditures for 2025 are projected to be between $1 billion and $1.1 billion [5]. - The company anticipates O&M expenses to range from $465 million to $475 million and plans to add hydropower capacity of 7-8.5 MWh in 2025 [5].

Financial Data and Key Metrics Changes - IDACORP's diluted earnings per share increased to $1.1 from $0.95 in the first quarter of the previous year [5] - Net income rose by $11.4 million compared to the first quarter last year, primarily driven by higher retail revenues and incremental tax credits [19] - The company reaffirmed its full-year diluted earnings per share guidance range of $5.65 to $5.85 [5][36] Business Line Data and Key Metrics Changes - Retail customer growth was reported at 2.6%, with residential customer growth at 2.9% [6] - Retail revenues per megawatt hour increased, contributing an additional $11.3 million to operating income [20] - Other operating and maintenance expenses rose by $7.2 million, largely due to wildfire mitigation program costs [21] Market Data and Key Metrics Changes - The five-year forecast for retail sales growth is projected at 8.3% annually, necessitating additional system investments [9] - The company expects good hydropower generation in 2025, ranging from 7 million to 8.5 million megawatt hours [38] Company Strategy and Development Direction - The company is focused on executing infrastructure projects to meet customer demand, with significant investments planned [10][27] - IDACORP is actively monitoring tariffs and regulatory changes to ensure affordability for customers [13] - A general rate case is planned to recover substantial capital investments, with rates expected to be effective no earlier than January 2026 [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in customer growth and economic expansion within Idaho Power's service area [6] - The company is committed to maintaining a strong balance sheet while targeting a 50/50 debt-equity capital ratio [29] - Management highlighted the importance of timely recovery mechanisms for infrastructure investments to reduce regulatory lag [81] Other Important Information - The company is actively engaged in discussions regarding wildfire mitigation plans and legislative changes [16][90] - A significant expansion project by Chobani and a new distribution center by Tractor Supply Company were noted as indicators of strong customer interest [6][8] Q&A Session Summary Question: Changes to wildfire mitigation plans due to new legislation - Management does not anticipate significant changes to the wildfire mitigation program but may make modifications over time [42] Question: Thoughts on rate case mechanisms to improve ROEs - The company is preparing its case and considering options to reduce regulatory lag [44] Question: Impact of chaotic periods on the agricultural community - Management noted it is too early to measure impacts but remains optimistic about agricultural conditions [54] Question: Capacity for proposing multiyear mechanisms to the PUC - Management is open to discussing creative solutions to help with the volume of filings [60] Question: Status of contract negotiations with a data center - Ongoing negotiations are still in progress [78] Question: Timely recovery of transmission project costs - Management is exploring various mechanisms for timely cost recovery [80]

Financial Data and Key Metrics Changes - IDACORP's diluted earnings per share increased to $1.1 from $0.95 in the same quarter last year, reaffirming the full-year guidance range of $5.65 to $5.85 [4][33] - Net income rose by $11.4 million compared to the first quarter of the previous year, primarily driven by higher retail revenues and customer growth [17][18] - Operating cash flow is insufficient to finance ongoing projects, necessitating growth capital to maintain a balanced debt-equity ratio [26][27] Business Line Data and Key Metrics Changes - Idaho Power's customer base grew by 2.6% year-over-year, with residential customers increasing by 2.9% [5] - Retail revenues per megawatt hour increased operating income by $11.3 million, attributed to higher base rates from a previous rate case [18] - Other operating and maintenance expenses rose by $7.2 million, influenced by wildfire mitigation and insurance costs [19] Market Data and Key Metrics Changes - The five-year forecast for retail sales growth is projected at 8.3% annually, necessitating additional system investments [7] - The company is actively pursuing large customer projects, including significant expansions in the food processing and warehousing sectors [5][6] Company Strategy and Development Direction - The company is focused on executing infrastructure projects to meet customer demand, with several major projects underway [10][11] - A general rate case is planned to recover substantial capital investments, with a filing expected in May [13] - The company is committed to maintaining affordability for customers while monitoring tariffs and regulatory changes [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of customer demand and the execution of infrastructure projects, emphasizing the importance of timely energy availability [31] - The favorable snowpack conditions are expected to support reliable hydropower generation in 2025 [16][35] - Management is optimistic about the ongoing interest from businesses looking to expand within Idaho Power's service area [5][6] Other Important Information - The company is actively monitoring the impact of tariffs on battery storage assets and other projects [12] - Legislative changes regarding wildfire mitigation have been positively received, establishing a standard of care for future operations [15][78] Q&A Session Summary Question: Changes to wildfire mitigation plans due to new legislation - Management does not anticipate significant changes to existing wildfire mitigation plans but may make modifications over time [38] Question: Thoughts on rate case mechanisms to improve ROEs - The company is preparing its rate case and considering options to reduce regulatory lag [40][41] Question: Impact of chaotic periods on the agricultural community - Management noted it is too early to measure impacts on agriculture but remains optimistic about interest in expansion [46][47] Question: Future dispatchable resources timeline - Dispatchable resources are expected to be included in the Integrated Resource Plan (IRP) for 2029 and 2030 [57] Question: Capacity in the 2028 RFP shortlist - The shortlist includes several hundred megawatts, with Idaho Power projects also represented [73] Question: Timely recovery of transmission project costs - The company is exploring mechanisms for timely cost recovery and is open to various options [72]