- IDACORP recently reported its second quarter 2025 earnings, highlighting US$450.88 million in revenue and a rise in net income to US$95.78 million, prompting an increase in full-year earnings guidance to the range of US$5.70 to US$5.85 per diluted share.
- An important driver behind these financial results is the company’s new customer growth, fueled by major infrastructure investments from large-scale projects such as Micron’s plant, expanding data centers, and Tesla charging stations.
- We'll examine how IDACORP’s raised earnings guidance, amid accelerating customer expansion, could reshape the company’s investment narrative and risk profile.
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IDACORP Investment Narrative Recap
To be a shareholder in IDACORP, belief in the company’s large-scale infrastructure growth and its ability to successfully recover capital costs through regulatory channels is vital. The latest earnings release and raised guidance signal that new customer additions remain the central catalyst, while reliance on timely regulatory approvals continues to be the main risk; this news does not appear to meaningfully shift that balance for now.
Of the recent announcements, the company’s initiation of a $199 million rate increase through a general rate case in Idaho directly relates to the growth and earnings guidance discussed. Securing supportive regulatory terms and timely approval is closely tied to the company's ability to convert capital investment into sustained earnings, so this development stands out when considering the importance of new projects and rate base growth.
However, despite customer momentum and strong guidance, investors still need to be mindful of what could unfold if regulatory decisions fall behind expectations...
Read the full narrative on IDACORP (it's free!)
IDACORP's narrative projects $2.3 billion revenue and $425.5 million earnings by 2028. This requires 7.9% yearly revenue growth and a $124.9 million earnings increase from $300.6 million currently.
Uncover how IDACORP's forecasts yield a $126.43 fair value, in line with its current price.
Exploring Other Perspectives
The Simply Wall St Community’s sole fair value estimate of US$101.45 is well below consensus price targets. Given that regulatory outcomes remain a key risk, you may want to compare different viewpoints and expectations for future recovery rates.
Explore another fair value estimate on IDACORP - why the stock might be worth 19% less than the current price!
Build Your Own IDACORP Narrative
Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.
- A great starting point for your IDACORP research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.
- Our free IDACORP research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate IDACORP's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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