Idacorp (IDA) Investor presentation summary

Financial performance and growth

• Achieved $1.81 billion in revenue, $5.90 diluted EPS, and 9.4% ROE for 2025; 18 consecutive years of earnings growth and 2.3% customer growth as of March 2026.

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

• Projected EPS guidance for 2026 is $6.25–$6.45 per share, with capital expenditures of $1.3–$1.5 billion.

• Maintains a strong balance sheet, no holding company debt, and investment-grade credit ratings.

Customer and load growth

• Retail customer count surpassed 660,000, serving approximately 1.3 million people.

• Idaho’s economic growth supports robust customer and load increases, with a 2.3% year-over-year customer growth rate and 4.7% GDP growth projected for 2026.

• 2025 IRP forecasts 8.3% annual peak and 5.1% retail sales growth (2025–2029), driven by large industrial projects.

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

Capital investment and infrastructure

• $7.1 billion capital plan for 2026–2030, with annual capex averaging $1.4 billion—double the previous five-year average.

• Rate base forecasted to grow at a 16.7% CAGR, reaching $11.4 billion by 2030.

• Major projects include Boardman-to-Hemingway (in service late 2027), Gateway West, and Southwest Intertie Project-North (online by 2028).