IDACORP INC
Business
IDACORP Inc. is a holding company whose principal operating subsidiary is Idaho Power, a regulated electric utility engaged in the generation, transmission, distribution, and sale of electric energy and capacity. Idaho Power serves approximately 664,000 retail customers in southern Idaho and eastern Oregon through a diversified generation portfolio including hydropower, natural gas-fired plants, and jointly-owned thermal facilities, supplemented by purchased power and long-term power purchase agreements. The company operates under cost-of-service rate regulation by state and federal regulators and participates in wholesale energy and transmission markets.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Electric utility revenues | 1,810 | 1,823 | 1,763 | 1,641 | 1,455 | |
| Other operating revenues | 3 | 4 | 3 | 3 | 3 | |
| Revenues | 1,813 | 1,827 | 1,766 | 1,644 | 1,458 | |
| Purchased power | 392 | 425 | 502 | 544 | 394 | |
| Fuel expense | 253 | 259 | 275 | 230 | 181 | |
| Power cost adjustment | 25 | 90 | 7 | −101 | −50 | |
| Other operations and maintenance | 471 | 461 | 400 | 399 | 361 | |
| Energy efficiency programs | 30 | 28 | 32 | 33 | 30 | |
| Depreciation | 251 | 223 | 195 | 170 | 176 | |
| Other electric utility operating expenses | 31 | 9 | 39 | 37 | 35 | |
| Total electric utility expenses | 1,454 | 1,495 | 1,450 | 1,314 | 1,126 | |
| Other | 5 | 4 | 3 | 3 | 3 | |
| Operating expenses | 1,459 | 1,499 | 1,453 | 1,317 | 1,128 | |
| Operating income | 354 | 328 | 313 | 327 | 330 | |
| Allowance for equity funds used during construction | −62 | −53 | −43 | −37 | −32 | |
| Earnings of unconsolidated equity-method investments | −5 | −5 | −12 | −12 | −11 | |
| Interest on long-term debt | 175 | 139 | 116 | 87 | 84 | |
| Other interest | 29 | 24 | 20 | 16 | 15 | |
| Allowance for borrowed funds used during construction | −36 | −28 | −20 | −14 | −12 | |
| Other (income) expense, net | −57 | −55 | −37 | −11 | 3 | |
| Total nonoperating expense, net | 44 | 23 | 24 | 30 | 47 | |
| Income before income taxes | 310 | 305 | 289 | 297 | 283 | |
| Income Tax Expense | −14 | 15 | 27 | 38 | 37 | |
| Net Income | 324 | 290 | 262 | 260 | 246 | |
| Adjustment for income attributable to noncontrolling interests | −661,000 | −777,000 | −698,000 | −578,000 | −322,000 | |
| Net Income Attributable to IDACORP, Inc. | 323 | 289 | 261 | 259 | 246 | |
| Weighted Average Common Shares Outstanding - Basic (000s) (in shares) | 54 | 53 | 51 | 51 | 51 | |
| Weighted Average Common Shares Outstanding - Diluted (000s) (in shares) | 55 | 53 | 51 | 51 | 51 | |
| Earnings Attributable to IDACORP, Inc. - Basic (in dollars per share) | 5.96 | 5.5 | 5.15 | 5.11 | 4.85 | |
| Earnings Attributable to IDACORP, Inc. - Diluted (in dollars per share) | 5.9 | 5.5 | 5.14 | 5.11 | 4.85 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 216 | 369 | 327 | 178 | 215 | |
| Customer | 98 | 115 | 107 | 114 | 79 | |
| Other | 38 | 30 | 45 | 51 | 15 | |
| Income taxes receivable | 9 | 14 | 25 | 14 | 15 | |
| Accrued unbilled revenues | 80 | 98 | 91 | 85 | 75 | |
| Materials and supplies (at average cost) | 202 | 201 | 141 | 92 | 78 | |
| Fuel stock (at average cost) | 24 | 44 | 20 | 15 | 18 | |
| Prepayments | 31 | 29 | 23 | 25 | 25 | |
| Current regulatory assets | 137 | 89 | 226 | 80 | 71 | |
| Other | 3,000 | 0 | 71,000 | 40 | 6 | |
| Total current assets | 833 | 988 | 1,004 | 694 | 596 | |
| Investments | 155 | 161 | 164 | 121 | 124 | |
| Utility plant in service | 8,249 | 7,958 | 7,292 | 6,828 | 6,509 | |
| Accumulated provision for depreciation | −2,599 | −2,715 | −2,558 | −2,465 | −2,299 | |
| Utility plant in service - net | 5,650 | 5,243 | 4,734 | 4,363 | 4,210 | |
| Construction work in progress | 1,741 | 1,245 | 986 | 786 | 671 | |
| Finance lease liabilities | 217 | 0 | — | — | — | |
| Utility plant held for future use | 20 | 13 | 10 | 7 | 5 | |
| Other property, net of accumulated depreciation | 18 | 16 | 16 | 17 | 16 | |
| Property, plant, and equipment - net | 7,648 | 6,517 | — | — | — | |
| Company-owned life insurance | 105 | 92 | 82 | 74 | 67 | |
| Regulatory assets | 1,428 | 1,418 | 1,427 | 1,422 | 1,462 | |
| Other | 56 | 62 | 54 | 59 | 59 | |
| Total other assets | 1,589 | 1,572 | 1,563 | 1,555 | 1,589 | |
| Total assets | 10,225 | 9,239 | 8,476 | 7,543 | 7,211 | |
| Current maturities of long-term debt | 116 | 20 | 50 | 0 | — | |
| Accounts payable | 345 | 307 | 309 | 293 | 146 | |
| Taxes accrued | 8 | 7 | 7 | 9 | 14 | |
| Interest accrued | 50 | 43 | 38 | 24 | 24 | |
| Accrued compensation | 77 | 71 | 65 | 59 | 56 | |
| Current regulatory liabilities | 21 | 8 | 8 | 64 | 11 | |
| Advances from customers | 202 | 165 | 104 | 72 | 43 | |
| Other | 80 | 81 | 54 | 28 | 31 | |
| Total current liabilities | 898 | 701 | 634 | 549 | 326 | |
| Deferred income taxes | 803 | 822 | 883 | 874 | 842 | |
| Regulatory liabilities | 1,031 | 977 | 875 | 797 | 782 | |
| Pension and other postretirement benefits | 137 | 166 | 234 | 238 | 521 | |
| Other | 230 | 182 | 160 | 77 | 63 | |
| Total other liabilities | 2,418 | 2,147 | — | — | — | |
| Long-Term Debt | 3,331 | 3,054 | 2,776 | 2,194 | 2,001 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Common stock | 1,302 | 1,195 | 889 | 882 | 875 | |
| Retained earnings | 2,285 | 2,150 | 2,036 | 1,938 | 1,834 | |
| Accumulated other comprehensive loss | −15 | −14 | −17 | −13 | −40 | |
| Total IDACORP, Inc. shareholders equity at end of year | 3,572 | 3,331 | 2,908 | 2,807 | 2,668 | |
| Noncontrolling interests | 7 | 7 | 7 | 7 | 7 | |
| Total equity | 3,579 | 3,338 | 2,915 | 2,815 | 2,675 | |
| Total | 10,225 | 9,239 | 8,476 | 7,543 | 7,211 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 258 | 228 | 200 | 174 | 179 | |
| Deferred income taxes and investment tax credits | −31 | −18 | 40 | −511,000 | 24 | |
| Changes in regulatory assets and liabilities | 31 | 115 | −5 | −80 | −34 | |
| Pension and postretirement benefit plan expense | 45 | 46 | 27 | 29 | 34 | |
| Contributions to pension and postretirement benefit plans | −28 | −25 | −55 | −44 | −44 | |
| Distributions from unconsolidated equity-method investments | 9 | 8 | 3 | 12 | 12 | |
| Allowance for equity funds used during construction | −62 | −53 | −43 | −37 | −32 | |
| Other non-cash adjustments to net income, net | 9 | 10 | 8 | 15 | 9 | |
| Accounts receivable | 10 | 31 | −18 | −82 | −9 | |
| Accounts payable and other accrued liabilities | −4 | −9 | −3 | −2 | −7 | |
| Taxes accrued/receivable | 18 | −84 | −53 | −12 | 991,000 | |
| Other current assets | −16 | 17 | −81 | 113 | 18 | |
| Other current liabilities | 6 | 11 | −13 | −5 | −18 | |
| Other assets | 38 | 32 | 11 | 23 | −4 | |
| Net cash provided by operating activities | 602 | 594 | 267 | 351 | 363 | |
| Additions to property, plant and equipment | −1,179 | −1,009 | −611 | −433 | −300 | |
| Payments received from transmission project joint funding partners | 152 | 84 | 27 | 18 | 6 | |
| Payments to Acquire Partners Interest in Real Estate Partnership, Net of Cash Acquired | −16 | −4 | −3 | −10 | −15 | |
| Payments to Acquire Equity Securities, FV-NI | −11 | −12 | −12 | −46 | −17 | |
| Debt Securities, Held-to-Maturity, Purchase | −3 | −2 | −2 | −31 | 0 | |
| Proceeds from Sale, Debt Security, Trading, and Equity Security, FV-NI, Held-for-Investment | 12 | 11 | 9 | 64 | 11 | |
| Other | 16 | 15 | 2 | 5 | 2 | |
| Net cash used in investing activities | −1,029 | −918 | −590 | −424 | −274 | |
| Issuance of long-term debt | 400 | 300 | 872 | 198 | 0 | |
| Premium on issuance of long-term debt [Abstract] | −3 | −186,000 | −7 | 0 | 0 | |
| Retirement of long-term debt | −20 | −50 | −225 | −4 | 0 | |
| Finance Lease, Principal Payments | 4 | 0 | 0 | — | — | |
| Dividends on common stock | −188 | −177 | −164 | −154 | −146 | |
| Proceeds from Issuance of Common Stock | 98 | 298 | 0 | 0 | — | |
| Acquisition of treasury stock | −3 | −4 | −3 | −3 | −3 | |
| Other | −5 | −3 | −403,000 | −926,000 | −334,000 | |
| Net cash used in financing activities | 274 | 365 | 473 | 35 | −149 | |
| Net (decrease) increase in cash and cash equivalents | −153 | 41 | 150 | −38 | −60 | |
| Interest (net of amount capitalized) | 139 | 109 | 98 | 86 | 83 | |
| Additions to property, plant and equipment in accounts payable | 222 | 168 | 185 | 84 | 54 | |
| Right-of-Use Asset Obtained in Exchange for Finance Lease Liability | 227 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is IDACORP INC's CIK number?
IDACORP INC's SEC CIK number is 0001057877 (1057877). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IDACORP INC's SEC filings?
All of IDACORP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IDACORP INC last report earnings?
IDACORP INC (IDA) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001057877-26-000100). This is IDACORP INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is IDACORP INC's most recent earnings 8-K?
IDACORP INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001057877-26-000100. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View IDACORP INC's latest earnings 8-K →
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