IDACORP: Reinventing Its Capacity Strategy With Major Generation & Transmission Overhauls!

IDACORP, Inc.’s latest earnings call presented a mixed bag of developments as it navigates growth and energy transition challenges. The company reported a positive quarter, with a noticeable increase in its EPS, rising to $2.26 from last year’s $2.12 for the same period, supported by higher retail revenues resulting from a rate change and customer growth, despite experiencing lower usage per customer. The year’s first three quarters delivered a cumulative EPS of $5.13 compared to $4.82 in the previous year, driven by a significant increase in additional tax credit amortization. The company raised its full-year EPS guidance, now estimating a range between $5.80 and $5.90 per share, reflecting strong operational performance and efficient tax credit management. Additionally, IDACORP estimates the use of $50 million to $60 million of additional tax credit amortization for the full year, marking a decrease from previous expectations while still planning for robust operational growth.