IDACORP (IDA) Q2 Net Income Rises 7%

IDACORP (NYSE:IDA), the electricity provider serving much of Idaho and parts of Oregon, released its second quarter 2025 earnings on July 31, 2025. The most notable news was that Earnings per share (GAAP) were $1.76 in Q2 2025, missing Wall Street’s GAAP expectation of $1.78. Net income (GAAP) reached $95.8 million in Q2 2025, an increase from last year’s $89.5 million (GAAP) in Q2 2024. The company benefited from higher customer counts and usage, as well as new base rates that started at the beginning of this year. However, higher operating and financing costs weighed on results. Management raised the lower end of its fiscal 2025 earnings guidance, now forecasting $5.70 to $5.85 per diluted share (GAAP), reflecting continued confidence in customer and infrastructure growth, but also signaled persistent cost pressures. Overall, the quarter demonstrated robust operating trends in a challenging cost environment. Source: Analyst estimates for the quarter provided by FactSet. IDACORP (NYSE:IDA) primarily operates through its regulated utility subsidiary, Idaho Power, which delivers electricity to over 650,000 customers across Idaho and eastern Oregon. The company operates a network of power plants using hydropower, natural gas, and coal, and supplements these with wind and solar through power purchase agreements. Hydropower is its dominant generation source, helping keep rates competitive. Its revenues come overwhelmingly from retail electricity sales to homes, farms, factories, and businesses.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool