SEGMENT INFORMATION

IDACORP’s only reportable segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power’s regulated operations include the generation, transmission, distribution, purchase, and sale of electricity. This segment also includes income from IERCo, a wholly-owned subsidiary of Idaho Power that is also subject to regulation and is a one-third owner of BCC, an unconsolidated investment.

IDACORP’s other operating segments are below the quantitative and qualitative thresholds for reportable segments and are included in the “All Other” category in the table below. This category is comprised of IFS’s investments in affordable housing and other real estate tax credits, Ida-West’s joint venture investments in small hydropower generation projects, and IDACORP’s holding company expenses.

The President and Chief Executive Officer of IDACORP and Idaho Power is the companies' chief operating decision maker (CODM). The CODM uses net income, compared with historical results and forecasted expectations, to monitor the utility segment's results, monitor and plan utility-specific regulatory strategy, allocate capital investments, and inform financing decisions.

The CODM is regularly provided with segment expense information for utility operations at the same level of detail as presented in Idaho Power's consolidated statements of income.

The table below summarizes the segment information for IDACORP’s utility operations and the total of all other segments, and reconciles this information to total enterprise amounts (in thousands of dollars):


	Utility Operations		All Other		Eliminations		Consolidated Total
2025
Revenues	$	1,809,609	$	3,388	$	—	$	1,812,997
Depreciation and amortization	251,072		—		—		251,072
Operating income	355,417		(1,441)		—		353,976
Other income, net	76,700		(184)		—		76,516
Interest income, including carrying charges on regulatory assets	35,337		10,829		(2,971)		43,195
Equity-method income	2,984		1,938		—		4,922
Interest expense	167,753		3,409		(2,971)		168,191
Income before income taxes	302,685		7,733		—		310,418
Income tax benefit	(13,177)		(538)		—		(13,715)
Net Income attributable to IDACORP, Inc.	315,862		7,610		—		323,472
Total assets	10,036,896		261,518		(72,977)		10,225,437
Expenditures for long-lived assets	1,178,990		337		—		1,179,327



2024
Revenues	$	1,822,965	$	3,668	$	—	$	1,826,633
Depreciation and amortization	223,410		—		—		223,410
Operating income	328,183		(344)		—		327,839
Other income, net	64,309		(303)		—		64,006
Interest income, including carrying charges on regulatory assets	38,639		9,090		(3,244)		44,485
Equity-method income	2,671		1,868		—		4,539
Interest expense	135,516		3,593		(3,244)		135,865
Income before income taxes	298,286		6,718		—		305,004
Income tax expense (benefit)	17,681		(2,628)		—		15,053
Net Income attributable to IDACORP, Inc.	280,605		8,569		—		289,174
Total assets	8,966,968		350,287		(77,892)		9,239,363
Expenditures for long-lived assets	1,009,138		141		—		1,009,279

2023
Revenues	$	1,762,894	$	3,462	$	—	$	1,766,356
Depreciation and amortization	195,341		—		—		195,341
Operating income	313,379		98		—		313,477
Other income, net	51,424		(46)		—		51,378
Interest income, including carrying charges on regulatory assets	26,509		4,688		(2,832)		28,365
Equity-method income	10,540		1,886		—		12,426
Interest expense	116,117		3,172		(2,832)		116,457
Income before income taxes	285,736		3,453		—		289,189
Income tax expense (benefit)	28,926		(1,630)		—		27,296
Net Income attributable to IDACORP, Inc.	256,810		4,385		—		261,195
Total assets	8,323,531		228,681		(76,294)		8,475,918
Expenditures for long-lived assets	610,913		224		—		611,137

Historical Timeline

Fiscal Year	Filed
2025	Feb 19, 2026	Showing above
2024	Feb 20, 2025

2023	Feb 15, 2024

2022	Feb 16, 2023

2021	Feb 17, 2022

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

IDACORP INC Segments Disclosure

Historical Timeline

About Segments Disclosures

Other Available Disclosures