0001057877-26-000028
SEC filingIDACORP, Inc. reported solid financial performance for fiscal year 2025, with total revenues of $1.81 billion, primarily driven by electric utility revenues of $1.81 billion. The company achieved operating income of $354.0 million and net income attributable to IDACORP, Inc. of $323.5 million, resulting in earnings per share of $6.00 (both basic and diluted). Key profitability drivers included effective cost management, with total electric utility expenses of $1.45 billion and total operating expenses of $1.46 billion. The company generated strong operating cash flow of $601.8 million, which supported significant capital investments of $1.18 billion in property, plant and equipment. The balance sheet remained robust with total assets of $10.23 billion, long-term debt of $3.33 billion, and shareholders' equity of $3.57 billion. The company maintained a solid liquidity position with cash and cash equivalents of $215.7 million and total current assets of $833.4 million.
IDACORP, Inc. delivered solid financial results for fiscal year 2025, with total revenues of $1.81 billion, primarily from electric utility operations. The company achieved operating income of $354.0 million and net income attributable to IDACORP, Inc. of $323.5 million. Earnings per share were $6.00 for both basic and diluted calculations. The company maintained strong operational performance with effective cost management, as evidenced by total electric utility expenses of $1.45 billion and total operating expenses of $1.46 billion. The operating margin was 19.6%, reflecting efficient operations in the regulated utility business.
The company's revenue stream is dominated by electric utility operations, which generated $1.81 billion in revenues. Other operating revenues contributed $3.4 million, representing a minimal portion of total revenues. The revenue structure reflects IDACORP's focus on its core regulated utility business, with electric utility revenues comprising essentially all of the company's top-line performance. No segment breakdown or geographic mix was provided in the available data, indicating the company operates primarily as a single integrated electric utility.
IDACORP achieved an operating margin of 19.6% based on operating income of $354.0 million and revenues of $1.81 billion. The cost structure shows purchased power expenses of $392.5 million and fuel expenses of $253.2 million as significant components of operating costs. Other operations and maintenance expenses totaled $470.5 million, while depreciation was $251.1 million. The company benefited from a negative income tax expense of $13.7 million, which contributed to the net income of $324.1 million before adjustment for noncontrolling interests.
The company generated strong operating cash flow of $601.8 million, primarily driven by net income of $324.1 million and depreciation and amortization of $258.4 million. Investing activities used $1.03 billion, mainly for additions to property, plant and equipment of $1.18 billion. Financing activities provided $273.9 million, including $400.0 million from issuance of long-term debt and $97.8 million from issuance of common stock, offset by $188.5 million in dividend payments. The balance sheet shows total assets of $10.23 billion, with property, plant and equipment (net) of $7.65 billion representing the largest asset category. Long-term debt stands at $3.33 billion, while shareholders' equity is $3.57 billion, resulting in a debt-to-equity ratio of approximately 0.93.
The filing does not provide specific forward-looking guidance, management projections, or strategic priorities for future periods. No explicit risk factors or outlook statements are included in the provided financial data. Investors should refer to the complete 10-K filing for management's discussion and analysis, which typically contains forward-looking statements, strategic initiatives, and risk factor disclosures that are not captured in the financial statement data alone.