Q4 2025 Idacorp Inc Earnings Call Transcript

Feb 19, 2026 / 09:30PM GMT
Release Date Price: €117 (-2.50%)

Key Points

Positve
  • Idacorp Inc (IDA) achieved its 18th consecutive year of EPS growth, with diluted earnings per share reaching $5.90, up from $5.50 the previous year.
  • The company initiated its 2026 earnings guidance with an estimated range of $6.25 to $6.45 per share, reflecting an 8% growth rate over 2025.
  • Idacorp Inc (IDA) reported strong customer growth, with a 2.3% increase in its customer base, driven by residential, commercial, and industrial sectors.
  • The company is progressing well on major infrastructure projects, including the B2H transmission project and the Pleasant Valley solar project, enhancing its clean energy portfolio.
  • Idacorp Inc (IDA) maintains a strong balance sheet with a 50/50 debt-equity capital ratio, supporting its significant capital investment plans.
Negative
  • The company faces increased depreciation and interest expenses due to growth and infrastructure buildout, which could impact future earnings.
  • Idacorp Inc (IDA) anticipates higher O&M expenses in 2026, driven by wildfire mitigation costs and inflationary pressures on labor and services.
  • The company is not planning to file a general rate case in Idaho in 2026, which may delay recovery of increased costs.
  • Idacorp Inc (IDA) has significant capital expenditure plans, with a forecast of $7 billion over the next five years, which may require additional financing.
  • The sale of Oregon distribution assets is subject to regulatory approval, which could take 10 months or longer, potentially delaying expected benefits.
Operator

Welcome to Ata Corp's 4th quarter and year end 2025 earnings call.

Today's call is being recorded and our website is live.

A replay will be available later today and for the next 12 months on the Ida Corp website.

If you need assistance at any time during the presentation, please press star 0 on your on your telephone.

I'm now turn the call over to Amy Shaw, Vice President of finance and compliance and risk.

Amy Shaw
Idacorp Inc - Vice President - Finance, Compliance, and Risk of IDACORP, Inc. and Idaho Power Company

Thank you.

Good.

We appreciate you joining our call.

The slides will reference during today's call are available on Idol's website.

Today includes booking statements, including earnings guidance, spending forecasts, financing plans, regulatory plans and actions and estimates and assumptions that reflect our current views on what the future holds, all of which are subject to risks and uncertainties.

These risks and uncertainties may cause actual results to

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