IDACORP Q4 Earnings Beat Estimates, Revenues Increase Y/Y

Core Insights - IDACORP, Inc. (IDA) reported fourth-quarter 2025 earnings of 78 cents per share, exceeding the Zacks Consensus Estimate of 74 cents by 5.4% and showing an 11.4% increase from 70 cents in the same quarter last year [1][7] - For the full year 2025, earnings were $5.90 per share, up from $5.50 in 2024, driven by strong customer growth, rate changes, lower income tax expenses, and tax credits [1] Revenue Performance - Total revenues for Q4 2025 were $405.2 million, falling short of the Zacks Consensus Estimate of $417 million by 2.9%, but up 1.8% from $398.1 million in Q4 2024 [2] - Total revenues for the year 2025 were $1.81 billion, a decrease of 0.7% from $1.83 billion in 2024 [2] Operational Highlights - Customer volume increased by 2.3% year over year for the 12 months ending December 31, 2025, contributing an additional $5.7 million to operating income [3] - Other operations and maintenance expenses were reduced to $12.9 million, primarily due to lower labor-related costs and decreased expenses from thermal, transmission, and distribution assets [3] Financial Position - As of December 31, 2025, cash and cash equivalents stood at $215.7 million, down from $368.9 million a year earlier [5] - Long-term debt increased to $3.33 billion from $3.05 billion as of December 31, 2024 [5] - Net cash provided by operating activities was $601.8 million, compared to $594.4 million in the previous year [5] Future Guidance - IDACORP has set its 2026 earnings guidance at $6.25-$6.45 per share, with the Zacks Consensus Estimate at $6.42, near the upper end of the guidance [6] - Projected capital expenditures for 2026 are between $1.3 billion and $1.5 billion, with expected O&M expenses of $525-$535 million [6] - The company anticipates adding 5.5-7.5 MWh of hydropower in 2026 [6]