Idacorp Sets 2026 EPS Guidance at $6.25-$6.45 and Unveils $7B CapEx Plan
Idacorp reported diluted EPS of $5.90 for 2025, its 18th consecutive year of growth, and set 2026 guidance at $6.25-$6.45 per share. The utility plans $7 billion in capital expenditures over five years, financed roughly 50/50 debt and equity, while its Oregon asset sale awaits a 10-month approval.
1. Q4 Performance and EPS Milestone
Idacorp delivered diluted EPS of $5.90 for 2025, up from $5.50 the prior year, marking its 18th straight year of earnings growth and underlining consistent profitability.
2. 2026 Guidance
The company launched full-year 2026 EPS guidance at a range of $6.25 to $6.45 per share, reflecting an 8% increase over 2025 and setting expectations for continued shareholder value.
3. CapEx and Infrastructure Projects
Idacorp outlined $7 billion in capital expenditures over the next five years, including the B2H transmission line and Pleasant Valley solar project, and is exploring potential investments tied to Micron’s second semiconductor facility.
4. Regulatory and Financing Outlook
The planned sale of Oregon distribution assets faces a 10-month regulatory review, there is no general rate case filing in Idaho for 2026, and incremental CapEx will be funded with a 50/50 debt-equity split while maintaining FFO-to-debt near 14%.