IDACORP, Inc. IDA reported first-quarter 2025 earnings of $1.10 per share, which surpassed the Zacks Consensus Estimate of $1.03 by 6.8%. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
The company’s earnings improved 15.8% from 95 cents per share in the year-ago quarter. The year-over-year improvement was due to strong customer growth and rate changes.
IDA’s Total Revenues
Total revenues for first-quarter 2025 were $432.4 million, down 5.6% from the Zacks Consensus Estimate of $458 million. The metric was down 3.8% from $449 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 Q1 Release
Customer growth rate in the company’s service areas increased 2.6% year over year for the 12 months ended on March 31, 2025. This, in turn, boosted operating income by $7.3 million compared with the year-ago level.
Total operating expenses were $377.5 million, down 5.5% from the year-ago quarter. The decline in operating expenses was due to lower purchased power and fuel expenses.
IDACORP's net income was $59.6 million, up 23.4% from the prior-year level.
IDA’s Financial Highlights
As of March 31, 2025, cash and cash equivalents were $634.5 million compared with $368.9 million as of Dec. 31, 2024.
Long-term debt was $3.44 billion as of March 31, 2025, compared with $3.05 billion as of Dec. 31, 2024.
In first-quarter 2025, net cash provided by operating activities was $124.3 million compared with $109.7 million in the prior year.
IDA’s Guidance
IDACORP reiterated its full-year 2025 earnings guidance of $5.65-$5.85 per share. The Zacks Consensus Estimate is currently pegged at $5.81 per share.
It anticipates capital expenditures to be in the range of $1-$1.1 billion in 2025.
The company expects O&M expenses to be in the range of $465-$475 million.
Management expects to add hydropower in the range of 7-8.5 MWh in 2025.
IDA’s Zacks Rank
IDACORP currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
DTE Energy Company DTE reported first-quarter 2025 operating earnings per share of $2.10, which beat the Zacks Consensus Estimate of $1.46 by 3.4%.
DTE’s long-term (three to five years) earnings growth rate is 7.64%. The Zacks Consensus Estimate for 2025 earnings is pinned at $7.24, implying a year-over-year increase of 6%.
Exelon Corporation’s EXC first-quarter 2025 earnings of 92 cents per share surpassed the Zacks Consensus Estimate of 85 cents by 8.3%.
EXC’s long-term earnings growth rate is 6.643%. The Zacks Consensus Estimate for 2025 earnings is pinned at $7.24, implying a year-over-year increase of 6%.
Edison International EIX reported first-quarter 2025 adjusted earnings of $1.37 per share, which surpassed the Zacks Consensus Estimate of $1.21 by 13.2%.
EIX’s long-term earnings growth rate is 6.97%. It delivered an average earnings surprise of 8.82% in the last four quarters.
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IDACORP, Inc. (IDA) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
