Idacorp (IDA) Investor presentation summary

Financial performance and growth

• Achieved $1.81 billion in revenue and $5.90 diluted EPS for 2025, with 18 consecutive years of earnings growth and a 7% EPS CAGR since 2007.

• Annualized dividend per share reached $3.52 in 2025, reflecting a 193% increase since 2011 and a near-term payout ratio target of 50–60%.

• Return on average equity was 9.4% in 2025, with a strong balance sheet and no holding company debt.

• Projected 2026 EPS guidance is $6.25–$6.45, with capital expenditures forecasted at $1.3–$1.5 billion.

• Capital plan of $7.1 billion from 2026–2030 supports a projected 16.7% CAGR in rate base.

Customer and load growth

• Metered customer count grew 2.3% year-over-year, serving over 660,000 customers in a 24,000 sq. mi. area.

• Idaho’s economic growth is robust, with a 4.7% GDP growth projection for 2026 and 8% forecasted job growth over 10 years.

• 2025 IRP forecasts a 5-year annual peak growth rate of 8.3% and retail sales growth of 5.1%.

• System sales projected to rise from 16,990,000 MWh in 2026 to 24,884,000 MWh in 2032.

Energy portfolio and infrastructure

• Owns 4.0 GW of generation and storage, with a 2025 energy mix of 36.9% hydro, 22.6% natural gas, 17.8% nuclear, 9.9% coal, and 8.8% solar.

• Major projects include Boardman-to-Hemingway (B2H) and Gateway West transmission lines, with B2H expected online in late 2027 and Gateway West segment 8 as early as 2028.

• 2025 IRP action plan includes coal-to-gas conversions, 1,145 MW of new wind and solar, and 250 MW of storage by 2027.