핵심 요약

1. 아이다코프(IDA)는 2025년 희석 EPS 5.90달러를 기록해 2024년 5.50달러 대비 개선됐고, 회사가 제시했던 연간 가이던스 중간값을 0.15달러 상회하며 18년 연속 EPS 성장을 달성했습니다.
2. 2026년 EPS 가이던스는 6.25~6.45달러로 제시됐습니다. 전제는 통상적 기상과 정상적 전력조달비이며, 추가 ADITC 상각은 2025년 4,030만달러에서 2026년 3,000만달러 미만으로 축소될 전망입니다.
3. 회사는 2026~2030년 자본지출 계획을 연평균 14억달러, 총 70억달러로 상향했습니다. 이는 최근 5년 연평균 약 7억달러의 두 배 수준이며, 2030년 레이트베이스가 110억달러를 넘을 수 있다고 제시했습니다.

도입

미국 규제형 전력유틸리티의 투자 스토리는 통상적으로 안정적 수익과 점진적 성장의 결합으로 설명됩니다. 이번 아이다코프의 4분기 및 연간 실적 콜은 그 전형을 유지하면서도, 성장의 속도가 빨라질 때 나타나는 비용·요금·규제의 균형 문제가 동시에 부각됐다는 점에서 의미가 큽니다. 단순히 실적이 좋았다는 차원을 넘어, 대형 전력수요 유입과 이에 대응한 설비투자 확대가 중기 재무구조를 어떻게 바꿀지에 시장의 시선이 쏠립니다.

핵심은 두 가지입니다. 첫째, 2025년 실적은 요금 인상과 고객 증가가 이끈 실적 개선으로 질적 측면이 나쁘지 않았습니다. 둘째, 2026년 이후에는 감가상각비·이자비용이 구조적으로 올라가는 구간에 진입하는 만큼, 신규 대형부하 계약에서 나오는 매출이 비용 증가를 얼마나 상쇄하느냐가 밸류에이션의 분기점이 됩니다.

실적의 질: 성장 요인과 비용 압력의 동시 확대

2025년 순이익은 전년 대비 3,400만달러 이상 증가했습니다. 재무적 드라이버를 보면 1월 요금 인상과 고객 성장 효과가 합산 약 7,500만달러로 가장 큰 기여를 했습니다. 전통 유틸리티에서 가장 중요한 이익 원천이 규제요금과 수요기반이라는 점을 감안하면, 이번 실적은 일회성보다 구조적 요인에 무게가 실린 결과로 해석할 수 있습니다.

다만 비용선도 분명히 올라가고 있습니다. 고객당 사용량 감소 영향으로 영업이익이 650만달러 줄었고, 기타 O&M은 노동 관련 비용 중심으로 1,000만달러 미만 증가했습니다. 감가상각·상각비는 약 2,800만달러 늘었고, 비영업비용도 장기부채 확대와 금융리스 관련 이자 증가로 약 2,300만달러 상승했습니다. 특히 배터리 저장설비 리스 관련 비용은 전력비 조정 메커니즘을 통해 영업이익 영향이 거의 없다고 회사가 설명했지만, 회계상 비용 항목의 확대 자체는 향후 현금흐름 관리 난도를 높이는 신호로 볼 수 있습니다.

세무 측면에서는 2025년 추가 ADITC 상각 약 4,000만달러가 반영됐고, 이는 2024년의 약 3,000만달러 대비 확대된 수치입니다. 동시에 추가 ADITC를 제외한 기준에서 소득세비용이 2,040만달러 감소한 점은 실적 방어에 긍정적이지만, 이 역시 매년 반복되는 고정 패턴이라기보다 조정 요인의 성격이 섞여 있어 보수적 해석이 필요합니다.

대형부하 파이프라인과 요금전략: 성장의 기회, 규제의 시험대

아이다호파워 서비스 지역의 2025년 고객 수는 2.3% 증가했고, 주거용은 2.5% 늘어 총 계량 고객이 66만호를 넘었습니다. 미국 다수 유틸리티 대비 빠른 증가율이라는 경영진 설명은, 지역 경제와 인구 유입이 전력수요를 뒷받침하고 있음을 시사합니다. 마이크론 신규 반도체 공장, 메타 데이터센터의 전력 수전 시작, 트랙터서플라이 물류시설, 초바니 증설 등은 수요 성장의 실체를 보여주는 사례입니다.

중요한 대목은 회사의 수요 전망 반영 기준입니다. 경영진은 공개 성장전망에 서명 계약 또는 고객부담 인프라에 대한 유의미한 재무확약이 있는 프로젝트만 넣는다고 밝혔습니다. 즉, 파이프라인이 크더라도 숫자에 반영된 물량은 상대적으로 보수적입니다. 그럼에도 잠재 파이프라인이 현재 약 4,000MW 피크부하를 상회한다고 언급한 점은 중장기 상방 가능성을 보여줍니다. 반면 기밀유지계약으로 세부 공개가 제한되는 만큼, 투자자 입장에서는 실제 착공·가동 전환 속도를 분기별로 검증해야 합니다.

요금정책에서는 단기 안정 신호가 나왔습니다. 회사는 현재 전망 기준으로 6월 1일 아이다호 일반요금 인상 신청을 계획하지 않는다고 밝혔습니다. 다만 인프라 성장과 산불 대응 비용으로 감가상각·이자비용이 늘어날 것으로 예상하고 있어, 연중 매출과 현금흐름을 보며 신청 시점을 재평가하겠다는 단서를 달았습니다. 대형부하 요금도 표준화된 단일 체계보다 고객별 맞춤형 계약(사실상 tariff of one) 전략을 유지하겠다고 했는데, 이는 수익성 방어에는 유리할 수 있지만 규제당국과의 정합성, 고객 간 형평성 논의가 향후 쟁점이 될 여지도 있습니다.

70억달러 투자계획과 재무 함의

20262030년 연평균 14억달러, 총 70억달러의 자본지출 계획은 회사의 성장 의지를 명확히 보여줍니다. 최근 5년 평균 대비 두 배이며, 1년 전 제시한 20252029년 전망 대비 26% 높아진 수치입니다. 경영진이 전망 후반 2개 연도에는 상방 가능성까지 언급한 만큼, 실제 투자 규모는 추가 확대될 가능성도 있습니다.

문제는 속도입니다. 레이트베이스는 2025년 일반요금 심사 이후 53억달러(2024년 제한범위 심사 이후 46억달러 대비 증가)로 올라왔고, 2030년에는 110억달러를 넘길 수 있다고 제시됐습니다. 레이트베이스 고성장은 규제수익 확대의 기반이지만, 그만큼 선투자 자금조달과 이자비용 부담이 동반됩니다. 특히 이번 콜에서 이미 비영업비용 증가의 핵심 원인이 이자비용 확대로 확인된 만큼, 향후 금리 환경과 조달조건이 이익 민감도를 좌우할 가능성이 큽니다.

또 하나의 포인트는 미포함 물량입니다. 회사는 이번 투자 및 부하 전망에 마이크론의 보이시 2공장 계획과 일부 예상 수요 증가를 넣지 않았다고 밝혔습니다. 이는 숫자상 보수성을 높이는 장점이 있지만, 반대로 실제 수요가 빠르게 현실화될 경우 추가 투자 압력도 동시에 키울 수 있다는 의미입니다. 성장의 가시성이 높아질수록 투자규모와 요금정책의 재조정 빈도도 함께 늘어날 가능성을 염두에 둘 필요가 있습니다.

결론

이번 실적 발표는 아이다코프가 전형적인 유틸리티의 안정성을 유지하면서도, 데이터센터·제조업 중심의 대형부하 증가라는 구조적 성장 구간에 진입하고 있음을 보여줍니다. 2025년 실적 자체는 요금 인상과 고객 성장에 기반한 개선으로 해석할 수 있고, 2026년 가이던스도 시장에 무리가 없는 범위에서 상향된 성장 경로를 제시했습니다.

그러나 중기 투자 사이클이 본격화되면서 관전 포인트는 명확해졌습니다. 첫째, 늘어나는 감가상각·이자비용을 신규 대형계약 매출이 얼마나 상쇄하는지, 둘째, 일반요금 심사 타이밍과 조건이 현금흐름 안정성을 어떻게 보완하는지, 셋째, 파이프라인 프로젝트가 실제 전력수요로 전환되는 속도입니다. 결국 아이다코프의 주가 재평가 여부는 성장 스토리의 크기보다, 그 성장을 규제체계 안에서 얼마나 효율적으로 수익화하느냐에 달려 있다고 판단됩니다.

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원문 링크: https://www.marketbeat.com/instant-alerts/idacorp-q4-earnings-call-highlights-2026-02-23/?utm_source=yahoofinance&utm_medium=yahoofinance&.tsrc=rss

IDACORP Q4 Earnings Call Highlights

IDACORP NYSE: IDA reported 2025 diluted earnings per share of $5.90 , up from $5.50 in 2024, marking the company’s 18th consecutive year of EPS growth , management said on its fourth-quarter and year-end 2025 earnings call. The company finished $0.15 per share above the midpoint of its original 2025 guidance range.

Management also initiated 2026 earnings guidance of $6.25 to $6.45 per diluted share, assuming “historically normal” weather and normal power supply expenses. The company expects Idaho Power will use less than $30 million of additional investment tax credit amortization (ADITC) in 2026, down from $40.3 million in 2025, as presented on the call. Get IDACORP alerts: Sign Up 2025 results and key drivers Chief Financial Officer Brian Buckham said IDACORP’s net income increased by more than $34 million compared with 2024. Higher operating income at Idaho Power from a January rate increase and customer growth combined for an estimated $75 million benefit. He noted several offsets and other moving pieces in year-over-year comparisons: Milder temperatures reduced usage on a per-customer basis, lowering operating income by $6.5 million , though management said both 2024 and 2025 had above-average cooling degree days. Other O&M expenses increased by less than $10 million , primarily due to higher labor-related costs. Buckham said the company ended the year at the low end of its O&M guidance . Depreciation and amortization increased by nearly $28 million , reflecting higher system investment and assets placed in service. A leased battery storage facility that began operations in the second quarter of 2024 also added amortization expense for the associated right-of-use asset. Non-operating expense rose by about $23 million , driven mainly by higher interest expense as long-term debt balances increased, plus interest related to the finance lease. Buckham said the lease’s interest and amortization are offset through the power cost adjustment mechanism, resulting in a near-zero effect on operating income. On taxes, management said 2025 results included about $40 million of additional tax credit amortization, compared with “almost $30 million ” in 2024. Buckham said Idaho Power amortized $40.3 million under Idaho’s mechanism to reach a 9.12% lower level of Idaho return on year-end equity. He also cited a $20.4 million decrease in income tax expense (excluding additional ADITC amortization), driven primarily by state tax return adjustments and standard plant-related flow-through items. Load growth, large customers, and rate strategy President and CEO Lisa Grow said growth in Idaho Power’s service area continued to outperform national trends. The company’s customer base grew 2.3% in 2025, including 2.5% residential growth, bringing total metered customers served to more than 660,000 . Grow pointed to continued activity from major projects and energy-intensive customers. She said Micron’s new semiconductor facility progressed toward completion, and Meta’s data center “began taking power” in 2024. Idaho Power also helped bring other projects online, including a Tractor Supply distribution warehouse and an expansion at Chobani’s yogurt facility. Management said it is also seeing increased inquiries from energy-intensive customers outside its traditional industries. During Q&A, company representatives said the pipeline remains robust across a range of sectors, including data centers and manufacturing, though confidentiality agreements limit what can be disclosed. They referenced a proposed data center development called Diode (Gemstone Technology Park) , growth at Idaho National Lab , and Perpetua as examples of projects under consideration or discussion. Grow emphasized that the company’s public growth projections include only projects with signed contracts or significant financial commitments for customer-funded infrastructure, and she said the company’s overall prospective pipeline exceeds its current roughly 4,000 MW peak load. She also noted Micron announced plans for a second semiconductor facility in Boise, but the company’s load and CapEx projections shared on the call do not yet include that expansion. On rates, Grow said affordability remains a key focus and that rates have increased more slowly than national averages. She added that based on current projections, the company is not planning to file a general rate case in Idaho on June 1 . Management expects higher depreciation and interest expense associated with infrastructure growth and wildfire mitigation costs, but said revenue from new large load contracts should help offset those costs. Executives said they will monitor revenues and cash flow through the year and reassess rate case timing as needed. When asked about moving toward a standardized large-load tariff, management said it does not have plans to do so, describing large-load arrangements as tailored “tariffs of one” reflecting each customer’s unique needs. Capital plan and financing needs Management updated its five-year capital expenditure forecast, projecting average spending of about $1.4 billion per year from 2026 through 2030, or roughly $7 billion total. Buckham described that as roughly double the company’s average annual spend of around $700 million over the past five years and said the 2026-2030 forecast is a 26% increase from the 2025-2029 forecast shared a year earlier. He also said the last two years of the forecast “probably have some upside,” noting that additional spending could be required as plans are refined. Management reiterated that the forecast does not include resources needed for Micron’s second fab or some other expected load growth. On rate base, Buckham said the company’s total system rate base coming out of the 2025 Idaho general rate case was $5.3 billion (up from $4.6 billion coming out of the 2024 limited scope rate case). By 2030, management projects rate base could exceed $11 billion , implying a projected 16.7% rate base growth CAGR from 2026 to 2030. To support the investment plan, Buckham said net cash flow from operations is expected to fund over half of CapEx needs over 2026-2030, with estimated growth capital needs of about $2.0 billion in equity and $2.9 billion in debt to maintain a target 50/50 debt-equity capital structure. He said the company has already executed over $600 million of equity via forward sales agreements that will settle in 2026, leaving an estimated $1.4 billion of net equity sales through 2030. In discussing credit, Buckham said Idaho Power ended 2025 with an FFO-to-debt ratio of about 14.3% under Moody’s and “just barely sub-14” under S&P, adding that the Moody’s threshold is 13 and S&P’s is 14. He said the 2025 rate case outcome should help credit metrics in 2026 and that the company plans to meet with rating agencies in March. Resource additions, transmission build-out, and Oregon asset sale Grow said several major transmission projects are moving forward. On the B2H project, she said 80 towers have been completed and the project is expected to be in service by late 2027 . Permitting is “nearly complete” on the SWIP-North Transmission Project, with construction expected to begin in 2026 and completion as early as 2028 . She also said a key segment of the Gateway West project between the Hemingway and Midpoint substations could come online as early as 2028 . On generation, Grow said Idaho Power’s 2025 integrated resource plan received acknowledgment from Idaho and Oregon regulators. In 2025, the company brought online the 200 MW Pleasant Valley Solar Project and added 230 MW of battery storage . Additional projects include 250 MW of batteries and 125 MW of solar expected to be in service later in spring 2026. She also said Idaho Power plans to construct 167 MW of natural gas generation next to the Bennett Mountain Power Plant in 2028 and has filed a CPCN request for that capacity addition. Grow said the company is working to address a projected deficit of around 200 MW of incremental firm capacity needed in each of 2029 and 2030, and expects additional resource procurements. In Q&A, management said it is considering additional options for 2029 and 2030 and referenced potential development at the Peregrine site. The company also provided an update on Valmy: Grow said Unit 1 of the Valmy coal plant was converted to natural gas in 2025, and the company “burned the last of our coal” at the other unit, which is being converted and expected to be completed in summer 2026 . Finally, management announced it entered a definitive agreement to sell its Oregon distribution system and some transmission assets to Oregon Trail Electric Cooperative (OTEC) for a base price of $154 million , subject to adjustments and regulatory approvals. Grow said Oregon is projected to be less than 3% of total sales by 2030. Buckham said the company expects the one-time gain to be immaterial and the transaction to be only slightly earnings accretive in the year it closes, with an ongoing EPS benefit from lower dilution. Management said approval could take 10 months or longer . For 2026, management guided to O&M expense of $525 million to $535 million , CapEx of $1.3 billion to $1.5 billion , and hydropower generation of 5.5 million to 7.5 million MWh , while reiterating that the outlook assumes normal weather and normal power supply expenses. About IDACORP NYSE: IDA IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets. Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources. Further Reading Five stocks we like better than IDACORP The gold chart Wall Street is terrified of… NEW LAW: Congress Approves Setup For Digital Dollar? Buy this Gold Stock Before May 2026 What a Former CIA Agent Knows About the Coming Collapse This $15 Stock Could Go Down as the #1 Stock of 2026 This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Should You Invest $1,000 in IDACORP Right Now? Before you consider IDACORP, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDACORP wasn't on the list. While IDACORP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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Chief Financial Officer Brian Buckham said IDACORP’s net income increased by more than $34 million compared with 2024. Higher operating income at Idaho Power from a January rate increase and customer growth combined for an estimated $75 million benefit.

He noted several offsets and other moving pieces in year-over-year comparisons: Milder temperatures reduced usage on a per-customer basis, lowering operating income by $6.5 million , though management said both 2024 and 2025 had above-average cooling degree days. Other O&M expenses increased by less than $10 million , primarily due to higher labor-related costs. Buckham said the company ended the year at the low end of its O&M guidance . Depreciation and amortization increased by nearly $28 million , reflecting higher system investment and assets placed in service. A leased battery storage facility that began operations in the second quarter of 2024 also added amortization expense for the associated right-of-use asset. Non-operating expense rose by about $23 million , driven mainly by higher interest expense as long-term debt balances increased, plus interest related to the finance lease. Buckham said the lease’s interest and amortization are offset through the power cost adjustment mechanism, resulting in a near-zero effect on operating income. On taxes, management said 2025 results included about $40 million of additional tax credit amortization, compared with “almost $30 million ” in 2024. Buckham said Idaho Power amortized $40.3 million under Idaho’s mechanism to reach a 9.12% lower level of Idaho return on year-end equity. He also cited a $20.4 million decrease in income tax expense (excluding additional ADITC amortization), driven primarily by state tax return adjustments and standard plant-related flow-through items. Load growth, large customers, and rate strategy President and CEO Lisa Grow said growth in Idaho Power’s service area continued to outperform national trends. The company’s customer base grew 2.3% in 2025, including 2.5% residential growth, bringing total metered customers served to more than 660,000 . Grow pointed to continued activity from major projects and energy-intensive customers. She said Micron’s new semiconductor facility progressed toward completion, and Meta’s data center “began taking power” in 2024. Idaho Power also helped bring other projects online, including a Tractor Supply distribution warehouse and an expansion at Chobani’s yogurt facility. Management said it is also seeing increased inquiries from energy-intensive customers outside its traditional industries. During Q&A, company representatives said the pipeline remains robust across a range of sectors, including data centers and manufacturing, though confidentiality agreements limit what can be disclosed. They referenced a proposed data center development called Diode (Gemstone Technology Park) , growth at Idaho National Lab , and Perpetua as examples of projects under consideration or discussion. Grow emphasized that the company’s public growth projections include only projects with signed contracts or significant financial commitments for customer-funded infrastructure, and she said the company’s overall prospective pipeline exceeds its current roughly 4,000 MW peak load. She also noted Micron announced plans for a second semiconductor facility in Boise, but the company’s load and CapEx projections shared on the call do not yet include that expansion. On rates, Grow said affordability remains a key focus and that rates have increased more slowly than national averages. She added that based on current projections, the company is not planning to file a general rate case in Idaho on June 1 . Management expects higher depreciation and interest expense associated with infrastructure growth and wildfire mitigation costs, but said revenue from new large load contracts should help offset those costs. Executives said they will monitor revenues and cash flow through the year and reassess rate case timing as needed. When asked about moving toward a standardized large-load tariff, management said it does not have plans to do so, describing large-load arrangements as tailored “tariffs of one” reflecting each customer’s unique needs. Capital plan and financing needs Management updated its five-year capital expenditure forecast, projecting average spending of about $1.4 billion per year from 2026 through 2030, or roughly $7 billion total. Buckham described that as roughly double the company’s average annual spend of around $700 million over the past five years and said the 2026-2030 forecast is a 26% increase from the 2025-2029 forecast shared a year earlier. He also said the last two years of the forecast “probably have some upside,” noting that additional spending could be required as plans are refined. Management reiterated that the forecast does not include resources needed for Micron’s second fab or some other expected load growth. On rate base, Buckham said the company’s total system rate base coming out of the 2025 Idaho general rate case was $5.3 billion (up from $4.6 billion coming out of the 2024 limited scope rate case). By 2030, management projects rate base could exceed $11 billion , implying a projected 16.7% rate base growth CAGR from 2026 to 2030. To support the investment plan, Buckham said net cash flow from operations is expected to fund over half of CapEx needs over 2026-2030, with estimated growth capital needs of about $2.0 billion in equity and $2.9 billion in debt to maintain a target 50/50 debt-equity capital structure. He said the company has already executed over $600 million of equity via forward sales agreements that will settle in 2026, leaving an estimated $1.4 billion of net equity sales through 2030. In discussing credit, Buckham said Idaho Power ended 2025 with an FFO-to-debt ratio of about 14.3% under Moody’s and “just barely sub-14” under S&P, adding that the Moody’s threshold is 13 and S&P’s is 14. He said the 2025 rate case outcome should help credit metrics in 2026 and that the company plans to meet with rating agencies in March. Resource additions, transmission build-out, and Oregon asset sale Grow said several major transmission projects are moving forward. On the B2H project, she said 80 towers have been completed and the project is expected to be in service by late 2027 . Permitting is “nearly complete” on the SWIP-North Transmission Project, with construction expected to begin in 2026 and completion as early as 2028 . She also said a key segment of the Gateway West project between the Hemingway and Midpoint substations could come online as early as 2028 . On generation, Grow said Idaho Power’s 2025 integrated resource plan received acknowledgment from Idaho and Oregon regulators. In 2025, the company brought online the 200 MW Pleasant Valley Solar Project and added 230 MW of battery storage . Additional projects include 250 MW of batteries and 125 MW of solar expected to be in service later in spring 2026. She also said Idaho Power plans to construct 167 MW of natural gas generation next to the Bennett Mountain Power Plant in 2028 and has filed a CPCN request for that capacity addition. Grow said the company is working to address a projected deficit of around 200 MW of incremental firm capacity needed in each of 2029 and 2030, and expects additional resource procurements. In Q&A, management said it is considering additional options for 2029 and 2030 and referenced potential development at the Peregrine site. The company also provided an update on Valmy: Grow said Unit 1 of the Valmy coal plant was converted to natural gas in 2025, and the company “burned the last of our coal” at the other unit, which is being converted and expected to be completed in summer 2026 . Finally, management announced it entered a definitive agreement to sell its Oregon distribution system and some transmission assets to Oregon Trail Electric Cooperative (OTEC) for a base price of $154 million , subject to adjustments and regulatory approvals. Grow said Oregon is projected to be less than 3% of total sales by 2030. Buckham said the company expects the one-time gain to be immaterial and the transaction to be only slightly earnings accretive in the year it closes, with an ongoing EPS benefit from lower dilution. Management said approval could take 10 months or longer . For 2026, management guided to O&M expense of $525 million to $535 million , CapEx of $1.3 billion to $1.5 billion , and hydropower generation of 5.5 million to 7.5 million MWh , while reiterating that the outlook assumes normal weather and normal power supply expenses. About IDACORP NYSE: IDA IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets. Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources. Further Reading Five stocks we like better than IDACORP The gold chart Wall Street is terrified of… NEW LAW: Congress Approves Setup For Digital Dollar? Buy this Gold Stock Before May 2026 What a Former CIA Agent Knows About the Coming Collapse This $15 Stock Could Go Down as the #1 Stock of 2026 This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Should You Invest $1,000 in IDACORP Right Now? Before you consider IDACORP, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDACORP wasn't on the list. While IDACORP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 10 Best Stocks to Own in 2026 Click the link to see MarketBeat's list of ten stocks that are set to soar in 2026, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment. Get This Free Report

On taxes, management said 2025 results included about $40 million of additional tax credit amortization, compared with “almost $30 million ” in 2024. Buckham said Idaho Power amortized $40.3 million under Idaho’s mechanism to reach a 9.12% lower level of Idaho return on year-end equity. He also cited a $20.4 million decrease in income tax expense (excluding additional ADITC amortization), driven primarily by state tax return adjustments and standard plant-related flow-through items. Load growth, large customers, and rate strategy President and CEO Lisa Grow said growth in Idaho Power’s service area continued to outperform national trends. The company’s customer base grew 2.3% in 2025, including 2.5% residential growth, bringing total metered customers served to more than 660,000 . Grow pointed to continued activity from major projects and energy-intensive customers. She said Micron’s new semiconductor facility progressed toward completion, and Meta’s data center “began taking power” in 2024. Idaho Power also helped bring other projects online, including a Tractor Supply distribution warehouse and an expansion at Chobani’s yogurt facility. Management said it is also seeing increased inquiries from energy-intensive customers outside its traditional industries. During Q&A, company representatives said the pipeline remains robust across a range of sectors, including data centers and manufacturing, though confidentiality agreements limit what can be disclosed. They referenced a proposed data center development called Diode (Gemstone Technology Park) , growth at Idaho National Lab , and Perpetua as examples of projects under consideration or discussion. Grow emphasized that the company’s public growth projections include only projects with signed contracts or significant financial commitments for customer-funded infrastructure, and she said the company’s overall prospective pipeline exceeds its current roughly 4,000 MW peak load. She also noted Micron announced plans for a second semiconductor facility in Boise, but the company’s load and CapEx projections shared on the call do not yet include that expansion. On rates, Grow said affordability remains a key focus and that rates have increased more slowly than national averages. She added that based on current projections, the company is not planning to file a general rate case in Idaho on June 1 . Management expects higher depreciation and interest expense associated with infrastructure growth and wildfire mitigation costs, but said revenue from new large load contracts should help offset those costs. Executives said they will monitor revenues and cash flow through the year and reassess rate case timing as needed. When asked about moving toward a standardized large-load tariff, management said it does not have plans to do so, describing large-load arrangements as tailored “tariffs of one” reflecting each customer’s unique needs. Capital plan and financing needs Management updated its five-year capital expenditure forecast, projecting average spending of about $1.4 billion per year from 2026 through 2030, or roughly $7 billion total. Buckham described that as roughly double the company’s average annual spend of around $700 million over the past five years and said the 2026-2030 forecast is a 26% increase from the 2025-2029 forecast shared a year earlier. He also said the last two years of the forecast “probably have some upside,” noting that additional spending could be required as plans are refined. Management reiterated that the forecast does not include resources needed for Micron’s second fab or some other expected load growth. On rate base, Buckham said the company’s total system rate base coming out of the 2025 Idaho general rate case was $5.3 billion (up from $4.6 billion coming out of the 2024 limited scope rate case). By 2030, management projects rate base could exceed $11 billion , implying a projected 16.7% rate base growth CAGR from 2026 to 2030. To support the investment plan, Buckham said net cash flow from operations is expected to fund over half of CapEx needs over 2026-2030, with estimated growth capital needs of about $2.0 billion in equity and $2.9 billion in debt to maintain a target 50/50 debt-equity capital structure. He said the company has already executed over $600 million of equity via forward sales agreements that will settle in 2026, leaving an estimated $1.4 billion of net equity sales through 2030. In discussing credit, Buckham said Idaho Power ended 2025 with an FFO-to-debt ratio of about 14.3% under Moody’s and “just barely sub-14” under S&P, adding that the Moody’s threshold is 13 and S&P’s is 14. He said the 2025 rate case outcome should help credit metrics in 2026 and that the company plans to meet with rating agencies in March. Resource additions, transmission build-out, and Oregon asset sale Grow said several major transmission projects are moving forward. On the B2H project, she said 80 towers have been completed and the project is expected to be in service by late 2027 . Permitting is “nearly complete” on the SWIP-North Transmission Project, with construction expected to begin in 2026 and completion as early as 2028 . She also said a key segment of the Gateway West project between the Hemingway and Midpoint substations could come online as early as 2028 . On generation, Grow said Idaho Power’s 2025 integrated resource plan received acknowledgment from Idaho and Oregon regulators. In 2025, the company brought online the 200 MW Pleasant Valley Solar Project and added 230 MW of battery storage . Additional projects include 250 MW of batteries and 125 MW of solar expected to be in service later in spring 2026. She also said Idaho Power plans to construct 167 MW of natural gas generation next to the Bennett Mountain Power Plant in 2028 and has filed a CPCN request for that capacity addition. Grow said the company is working to address a projected deficit of around 200 MW of incremental firm capacity needed in each of 2029 and 2030, and expects additional resource procurements. In Q&A, management said it is considering additional options for 2029 and 2030 and referenced potential development at the Peregrine site. The company also provided an update on Valmy: Grow said Unit 1 of the Valmy coal plant was converted to natural gas in 2025, and the company “burned the last of our coal” at the other unit, which is being converted and expected to be completed in summer 2026 . Finally, management announced it entered a definitive agreement to sell its Oregon distribution system and some transmission assets to Oregon Trail Electric Cooperative (OTEC) for a base price of $154 million , subject to adjustments and regulatory approvals. Grow said Oregon is projected to be less than 3% of total sales by 2030. Buckham said the company expects the one-time gain to be immaterial and the transaction to be only slightly earnings accretive in the year it closes, with an ongoing EPS benefit from lower dilution. Management said approval could take 10 months or longer . For 2026, management guided to O&M expense of $525 million to $535 million , CapEx of $1.3 billion to $1.5 billion , and hydropower generation of 5.5 million to 7.5 million MWh , while reiterating that the outlook assumes normal weather and normal power supply expenses. About IDACORP NYSE: IDA IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets. Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources. Further Reading Five stocks we like better than IDACORP The gold chart Wall Street is terrified of… NEW LAW: Congress Approves Setup For Digital Dollar? Buy this Gold Stock Before May 2026 What a Former CIA Agent Knows About the Coming Collapse This $15 Stock Could Go Down as the #1 Stock of 2026 This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Should You Invest $1,000 in IDACORP Right Now? Before you consider IDACORP, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDACORP wasn't on the list. While IDACORP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 10 Best Stocks to Own in 2026 Click the link to see MarketBeat's list of ten stocks that are set to soar in 2026, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment. Get This Free Report

President and CEO Lisa Grow said growth in Idaho Power’s service area continued to outperform national trends. The company’s customer base grew 2.3% in 2025, including 2.5% residential growth, bringing total metered customers served to more than 660,000 .

Grow pointed to continued activity from major projects and energy-intensive customers. She said Micron’s new semiconductor facility progressed toward completion, and Meta’s data center “began taking power” in 2024. Idaho Power also helped bring other projects online, including a Tractor Supply distribution warehouse and an expansion at Chobani’s yogurt facility. Management said it is also seeing increased inquiries from energy-intensive customers outside its traditional industries.

During Q&A, company representatives said the pipeline remains robust across a range of sectors, including data centers and manufacturing, though confidentiality agreements limit what can be disclosed. They referenced a proposed data center development called Diode (Gemstone Technology Park) , growth at Idaho National Lab , and Perpetua as examples of projects under consideration or discussion.

Grow emphasized that the company’s public growth projections include only projects with signed contracts or significant financial commitments for customer-funded infrastructure, and she said the company’s overall prospective pipeline exceeds its current roughly 4,000 MW peak load. She also noted Micron announced plans for a second semiconductor facility in Boise, but the company’s load and CapEx projections shared on the call do not yet include that expansion.

On rates, Grow said affordability remains a key focus and that rates have increased more slowly than national averages. She added that based on current projections, the company is not planning to file a general rate case in Idaho on June 1 . Management expects higher depreciation and interest expense associated with infrastructure growth and wildfire mitigation costs, but said revenue from new large load contracts should help offset those costs. Executives said they will monitor revenues and cash flow through the year and reassess rate case timing as needed.

When asked about moving toward a standardized large-load tariff, management said it does not have plans to do so, describing large-load arrangements as tailored “tariffs of one” reflecting each customer’s unique needs. Capital plan and financing needs Management updated its five-year capital expenditure forecast, projecting average spending of about $1.4 billion per year from 2026 through 2030, or roughly $7 billion total. Buckham described that as roughly double the company’s average annual spend of around $700 million over the past five years and said the 2026-2030 forecast is a 26% increase from the 2025-2029 forecast shared a year earlier. He also said the last two years of the forecast “probably have some upside,” noting that additional spending could be required as plans are refined. Management reiterated that the forecast does not include resources needed for Micron’s second fab or some other expected load growth. On rate base, Buckham said the company’s total system rate base coming out of the 2025 Idaho general rate case was $5.3 billion (up from $4.6 billion coming out of the 2024 limited scope rate case). By 2030, management projects rate base could exceed $11 billion , implying a projected 16.7% rate base growth CAGR from 2026 to 2030. To support the investment plan, Buckham said net cash flow from operations is expected to fund over half of CapEx needs over 2026-2030, with estimated growth capital needs of about $2.0 billion in equity and $2.9 billion in debt to maintain a target 50/50 debt-equity capital structure. He said the company has already executed over $600 million of equity via forward sales agreements that will settle in 2026, leaving an estimated $1.4 billion of net equity sales through 2030. In discussing credit, Buckham said Idaho Power ended 2025 with an FFO-to-debt ratio of about 14.3% under Moody’s and “just barely sub-14” under S&P, adding that the Moody’s threshold is 13 and S&P’s is 14. He said the 2025 rate case outcome should help credit metrics in 2026 and that the company plans to meet with rating agencies in March. Resource additions, transmission build-out, and Oregon asset sale Grow said several major transmission projects are moving forward. On the B2H project, she said 80 towers have been completed and the project is expected to be in service by late 2027 . Permitting is “nearly complete” on the SWIP-North Transmission Project, with construction expected to begin in 2026 and completion as early as 2028 . She also said a key segment of the Gateway West project between the Hemingway and Midpoint substations could come online as early as 2028 . On generation, Grow said Idaho Power’s 2025 integrated resource plan received acknowledgment from Idaho and Oregon regulators. In 2025, the company brought online the 200 MW Pleasant Valley Solar Project and added 230 MW of battery storage . Additional projects include 250 MW of batteries and 125 MW of solar expected to be in service later in spring 2026. She also said Idaho Power plans to construct 167 MW of natural gas generation next to the Bennett Mountain Power Plant in 2028 and has filed a CPCN request for that capacity addition. Grow said the company is working to address a projected deficit of around 200 MW of incremental firm capacity needed in each of 2029 and 2030, and expects additional resource procurements. In Q&A, management said it is considering additional options for 2029 and 2030 and referenced potential development at the Peregrine site. The company also provided an update on Valmy: Grow said Unit 1 of the Valmy coal plant was converted to natural gas in 2025, and the company “burned the last of our coal” at the other unit, which is being converted and expected to be completed in summer 2026 . Finally, management announced it entered a definitive agreement to sell its Oregon distribution system and some transmission assets to Oregon Trail Electric Cooperative (OTEC) for a base price of $154 million , subject to adjustments and regulatory approvals. Grow said Oregon is projected to be less than 3% of total sales by 2030. Buckham said the company expects the one-time gain to be immaterial and the transaction to be only slightly earnings accretive in the year it closes, with an ongoing EPS benefit from lower dilution. Management said approval could take 10 months or longer . For 2026, management guided to O&M expense of $525 million to $535 million , CapEx of $1.3 billion to $1.5 billion , and hydropower generation of 5.5 million to 7.5 million MWh , while reiterating that the outlook assumes normal weather and normal power supply expenses. About IDACORP NYSE: IDA IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets. Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources. Further Reading Five stocks we like better than IDACORP The gold chart Wall Street is terrified of… NEW LAW: Congress Approves Setup For Digital Dollar? Buy this Gold Stock Before May 2026 What a Former CIA Agent Knows About the Coming Collapse This $15 Stock Could Go Down as the #1 Stock of 2026 This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Should You Invest $1,000 in IDACORP Right Now? Before you consider IDACORP, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDACORP wasn't on the list. While IDACORP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 10 Best Stocks to Own in 2026 Click the link to see MarketBeat's list of ten stocks that are set to soar in 2026, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment. Get This Free Report

Management updated its five-year capital expenditure forecast, projecting average spending of about $1.4 billion per year from 2026 through 2030, or roughly $7 billion total. Buckham described that as roughly double the company’s average annual spend of around $700 million over the past five years and said the 2026-2030 forecast is a 26% increase from the 2025-2029 forecast shared a year earlier.

He also said the last two years of the forecast “probably have some upside,” noting that additional spending could be required as plans are refined. Management reiterated that the forecast does not include resources needed for Micron’s second fab or some other expected load growth.

On rate base, Buckham said the company’s total system rate base coming out of the 2025 Idaho general rate case was $5.3 billion (up from $4.6 billion coming out of the 2024 limited scope rate case). By 2030, management projects rate base could exceed $11 billion , implying a projected 16.7% rate base growth CAGR from 2026 to 2030.

To support the investment plan, Buckham said net cash flow from operations is expected to fund over half of CapEx needs over 2026-2030, with estimated growth capital needs of about $2.0 billion in equity and $2.9 billion in debt to maintain a target 50/50 debt-equity capital structure. He said the company has already executed over $600 million of equity via forward sales agreements that will settle in 2026, leaving an estimated $1.4 billion of net equity sales through 2030.

In discussing credit, Buckham said Idaho Power ended 2025 with an FFO-to-debt ratio of about 14.3% under Moody’s and “just barely sub-14” under S&P, adding that the Moody’s threshold is 13 and S&P’s is 14. He said the 2025 rate case outcome should help credit metrics in 2026 and that the company plans to meet with rating agencies in March. Resource additions, transmission build-out, and Oregon asset sale Grow said several major transmission projects are moving forward. On the B2H project, she said 80 towers have been completed and the project is expected to be in service by late 2027 . Permitting is “nearly complete” on the SWIP-North Transmission Project, with construction expected to begin in 2026 and completion as early as 2028 . She also said a key segment of the Gateway West project between the Hemingway and Midpoint substations could come online as early as 2028 . On generation, Grow said Idaho Power’s 2025 integrated resource plan received acknowledgment from Idaho and Oregon regulators. In 2025, the company brought online the 200 MW Pleasant Valley Solar Project and added 230 MW of battery storage . Additional projects include 250 MW of batteries and 125 MW of solar expected to be in service later in spring 2026. She also said Idaho Power plans to construct 167 MW of natural gas generation next to the Bennett Mountain Power Plant in 2028 and has filed a CPCN request for that capacity addition. Grow said the company is working to address a projected deficit of around 200 MW of incremental firm capacity needed in each of 2029 and 2030, and expects additional resource procurements. In Q&A, management said it is considering additional options for 2029 and 2030 and referenced potential development at the Peregrine site. The company also provided an update on Valmy: Grow said Unit 1 of the Valmy coal plant was converted to natural gas in 2025, and the company “burned the last of our coal” at the other unit, which is being converted and expected to be completed in summer 2026 . Finally, management announced it entered a definitive agreement to sell its Oregon distribution system and some transmission assets to Oregon Trail Electric Cooperative (OTEC) for a base price of $154 million , subject to adjustments and regulatory approvals. Grow said Oregon is projected to be less than 3% of total sales by 2030. Buckham said the company expects the one-time gain to be immaterial and the transaction to be only slightly earnings accretive in the year it closes, with an ongoing EPS benefit from lower dilution. Management said approval could take 10 months or longer . For 2026, management guided to O&M expense of $525 million to $535 million , CapEx of $1.3 billion to $1.5 billion , and hydropower generation of 5.5 million to 7.5 million MWh , while reiterating that the outlook assumes normal weather and normal power supply expenses. About IDACORP NYSE: IDA IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets. Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources. Further Reading Five stocks we like better than IDACORP The gold chart Wall Street is terrified of… NEW LAW: Congress Approves Setup For Digital Dollar? Buy this Gold Stock Before May 2026 What a Former CIA Agent Knows About the Coming Collapse This $15 Stock Could Go Down as the #1 Stock of 2026 This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Should You Invest $1,000 in IDACORP Right Now? Before you consider IDACORP, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDACORP wasn't on the list. While IDACORP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 10 Best Stocks to Own in 2026 Click the link to see MarketBeat's list of ten stocks that are set to soar in 2026, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment. Get This Free Report

Grow said several major transmission projects are moving forward. On the B2H project, she said 80 towers have been completed and the project is expected to be in service by late 2027 . Permitting is “nearly complete” on the SWIP-North Transmission Project, with construction expected to begin in 2026 and completion as early as 2028 . She also said a key segment of the Gateway West project between the Hemingway and Midpoint substations could come online as early as 2028 .

On generation, Grow said Idaho Power’s 2025 integrated resource plan received acknowledgment from Idaho and Oregon regulators. In 2025, the company brought online the 200 MW Pleasant Valley Solar Project and added 230 MW of battery storage . Additional projects include 250 MW of batteries and 125 MW of solar expected to be in service later in spring 2026. She also said Idaho Power plans to construct 167 MW of natural gas generation next to the Bennett Mountain Power Plant in 2028 and has filed a CPCN request for that capacity addition.

Grow said the company is working to address a projected deficit of around 200 MW of incremental firm capacity needed in each of 2029 and 2030, and expects additional resource procurements. In Q&A, management said it is considering additional options for 2029 and 2030 and referenced potential development at the Peregrine site.

The company also provided an update on Valmy: Grow said Unit 1 of the Valmy coal plant was converted to natural gas in 2025, and the company “burned the last of our coal” at the other unit, which is being converted and expected to be completed in summer 2026 .

Finally, management announced it entered a definitive agreement to sell its Oregon distribution system and some transmission assets to Oregon Trail Electric Cooperative (OTEC) for a base price of $154 million , subject to adjustments and regulatory approvals. Grow said Oregon is projected to be less than 3% of total sales by 2030. Buckham said the company expects the one-time gain to be immaterial and the transaction to be only slightly earnings accretive in the year it closes, with an ongoing EPS benefit from lower dilution. Management said approval could take 10 months or longer .

For 2026, management guided to O&M expense of $525 million to $535 million , CapEx of $1.3 billion to $1.5 billion , and hydropower generation of 5.5 million to 7.5 million MWh , while reiterating that the outlook assumes normal weather and normal power supply expenses. About IDACORP NYSE: IDA IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets. Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources. Further Reading Five stocks we like better than IDACORP The gold chart Wall Street is terrified of… NEW LAW: Congress Approves Setup For Digital Dollar? Buy this Gold Stock Before May 2026 What a Former CIA Agent Knows About the Coming Collapse This $15 Stock Could Go Down as the #1 Stock of 2026 This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Should You Invest $1,000 in IDACORP Right Now? Before you consider IDACORP, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDACORP wasn't on the list. While IDACORP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 10 Best Stocks to Own in 2026 Click the link to see MarketBeat's list of ten stocks that are set to soar in 2026, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment. Get This Free Report

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources. Further Reading Five stocks we like better than IDACORP The gold chart Wall Street is terrified of… NEW LAW: Congress Approves Setup For Digital Dollar? Buy this Gold Stock Before May 2026 What a Former CIA Agent Knows About the Coming Collapse This $15 Stock Could Go Down as the #1 Stock of 2026 This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Should You Invest $1,000 in IDACORP Right Now? Before you consider IDACORP, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IDACORP wasn't on the list. While IDACORP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 10 Best Stocks to Own in 2026 Click the link to see MarketBeat's list of ten stocks that are set to soar in 2026, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment. Get This Free Report

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Source: https://www.marketbeat.com/instant-alerts/idacorp-q4-earnings-call-highlights-2026-02-23/?utm_source=yahoofinance&utm_medium=yahoofinance&.tsrc=rss