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IDACORP Q2 Earnings Match Estimates, Revenues Lag, EPS View Narrowed
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Key Takeaways
IDACORP reported Q2 EPS of $1.76, flat with estimates and up 2.9% year over year.
Q2 revenues dipped 0.04% year over year and came in just under expectations at $450.9M.
IDACORP narrowed the lower end of its 2025 EPS guidance to $5.70-$5.85 on stronger usage and customer growth.
IDACORP, Inc. (IDA - Free Report) reported second-quarter 2025 earnings of $1.76 per share, which came in line with the Zacks Consensus Estimate.
The company’s earnings improved 2.9% from $1.71 in the year-ago quarter. The year-over-year improvement was due to higher-than-expected customer usage, continued customer growth and rate changes.
IDA’s Total Revenues
Total revenues for the second quarter of 2025 were $450.9 million, down 0.9% from the Zacks Consensus Estimate of $455 million. The metric also declined 0.04% from $451 million in the year-ago quarter.
Customer growth rate in the company’s service areas increased 2.5% year over year for the 12 months ended on June 30, 2025. This boosted operating income by $5.5 million compared with the year-ago level.
Total operating expenses were $350.3 million, up 0.7% from the year-ago quarter. The increase in operating expenses was due to higher fuel, operations and maintenance as well as depreciation and amortization expenses.
IDACORP's net income was $96.1 million, up 7% from the prior-year level.
IDA’s Financial Highlights
As of June 30, 2025, cash and cash equivalents were $474.5 million compared with $368.9 million as of Dec. 31, 2024.
Long-term debt was $3.45 billion as of June 30, 2025, compared with $3.05 billion as of Dec. 31, 2024.
In the first half of 2025, net cash provided by operating activities was $301.2 million compared with $256 million in the prior-year period.
IDA’s Guidance
IDACORP raised the lower end of its full-year 2025 earnings guidance range to $5.70-$5.85 per share compared with the previous range of $5.65-$5.85 per share. The Zacks Consensus Estimate is currently pegged at $5.83.
It still anticipates capital expenditures in the range of $1-$1.1 billion in 2025.
The company still expects O&M expenses in the band of $465-$475 million.
Management now expects to add hydropower in the range of 7-8 megawatt-hours (MWh) in 2025, lower than the previous range of 7-8.5 MWh.
NextEra Energy, Inc. (NEE - Free Report) reported second-quarter 2025 adjusted earnings of $1.05 per share, which topped the Zacks Consensus Estimate of $1.02 by 2.9%. The bottom line was also up nearly 9.4% year over year.
In the second quarter, NextEra Energy’s operating revenues were $6.7 billion, which missed the Zacks Consensus Estimate of $7.22 billion by 7.28%. However, the top line improved 10.4% year over year.
American Electric Power Company, Inc. (AEP - Free Report) reported second-quarter 2025 operating EPS of $1.43, which beat the Zacks Consensus Estimate of $1.28 by 11.7%. The bottom line inched up 14.4% from $1.25 recorded in the year-ago quarter.
AEP’s revenues of $5.09 billion rose 11.1% from the year-ago quarter’s level of $4.58 billion. The top line also beat the Zacks Consensus Estimate of $4.94 billion by 2.9%.
CenterPoint Energy, Inc. (CNP - Free Report) reported second-quarter 2025 adjusted earnings of 29 cents per share, which lagged the Zacks Consensus Estimate of 34 cents by 14.7%. The bottom line also declined 19.4% from the year-ago quarter’s figure of 36 cents.
CNP generated revenues of $1.94 billion, which surpassed the Zacks Consensus Estimate by a whisker. The top line also came in 2% higher than the year-ago quarter’s reported figure of $1.91 billion.
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IDACORP Q2 Earnings Match Estimates, Revenues Lag, EPS View Narrowed
Key Takeaways
IDACORP, Inc. (IDA - Free Report) reported second-quarter 2025 earnings of $1.76 per share, which came in line with the Zacks Consensus Estimate.
The company’s earnings improved 2.9% from $1.71 in the year-ago quarter. The year-over-year improvement was due to higher-than-expected customer usage, continued customer growth and rate changes.
IDA’s Total Revenues
Total revenues for the second quarter of 2025 were $450.9 million, down 0.9% from the Zacks Consensus Estimate of $455 million. The metric also declined 0.04% from $451 million in the year-ago quarter.
IDACORP, Inc. Price, Consensus and EPS Surprise
IDACORP, Inc. price-consensus-eps-surprise-chart | IDACORP, Inc. Quote
Highlights of IDA’s Q2 Release
Customer growth rate in the company’s service areas increased 2.5% year over year for the 12 months ended on June 30, 2025. This boosted operating income by $5.5 million compared with the year-ago level.
Total operating expenses were $350.3 million, up 0.7% from the year-ago quarter. The increase in operating expenses was due to higher fuel, operations and maintenance as well as depreciation and amortization expenses.
IDACORP's net income was $96.1 million, up 7% from the prior-year level.
IDA’s Financial Highlights
As of June 30, 2025, cash and cash equivalents were $474.5 million compared with $368.9 million as of Dec. 31, 2024.
Long-term debt was $3.45 billion as of June 30, 2025, compared with $3.05 billion as of Dec. 31, 2024.
In the first half of 2025, net cash provided by operating activities was $301.2 million compared with $256 million in the prior-year period.
IDA’s Guidance
IDACORP raised the lower end of its full-year 2025 earnings guidance range to $5.70-$5.85 per share compared with the previous range of $5.65-$5.85 per share. The Zacks Consensus Estimate is currently pegged at $5.83.
It still anticipates capital expenditures in the range of $1-$1.1 billion in 2025.
The company still expects O&M expenses in the band of $465-$475 million.
Management now expects to add hydropower in the range of 7-8 megawatt-hours (MWh) in 2025, lower than the previous range of 7-8.5 MWh.
IDA’s Zacks Rank
IDACORP currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
NextEra Energy, Inc. (NEE - Free Report) reported second-quarter 2025 adjusted earnings of $1.05 per share, which topped the Zacks Consensus Estimate of $1.02 by 2.9%. The bottom line was also up nearly 9.4% year over year.
In the second quarter, NextEra Energy’s operating revenues were $6.7 billion, which missed the Zacks Consensus Estimate of $7.22 billion by 7.28%. However, the top line improved 10.4% year over year.
American Electric Power Company, Inc. (AEP - Free Report) reported second-quarter 2025 operating EPS of $1.43, which beat the Zacks Consensus Estimate of $1.28 by 11.7%. The bottom line inched up 14.4% from $1.25 recorded in the year-ago quarter.
AEP’s revenues of $5.09 billion rose 11.1% from the year-ago quarter’s level of $4.58 billion. The top line also beat the Zacks Consensus Estimate of $4.94 billion by 2.9%.
CenterPoint Energy, Inc. (CNP - Free Report) reported second-quarter 2025 adjusted earnings of 29 cents per share, which lagged the Zacks Consensus Estimate of 34 cents by 14.7%. The bottom line also declined 19.4% from the year-ago quarter’s figure of 36 cents.
CNP generated revenues of $1.94 billion, which surpassed the Zacks Consensus Estimate by a whisker. The top line also came in 2% higher than the year-ago quarter’s reported figure of $1.91 billion.