IDACORP, Inc. (IDA) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

IDACORP website. During the presentation, please press star zero on your phone. I will now turn the call over to Amy Shaw, Vice President of Finance, Compliance, and Risk. Thank you. Good afternoon, everyone. We appreciate you joining our call. The slides we'll reference during today's call are available on IDACORP's website. As noted on slide two, our discussion today includes forward-looking statements, including earnings guidance, spending forecasts, financing plans, regulatory plans and actions, and estimates and assumptions that reflect our current views on what the future holds, all of which are subject to risks and uncertainties. These risks and uncertainties may cause actual results to differ materially from statements made today, and we caution against placing undue reliance on any forward-looking statements. We've included our cautionary note on forward-looking statements and various risk factors in more detail for your review in our filings with the Securities and Exchange Commission. As shown on slide three, also presenting today, we have Lisa Grove, President and CEO, Brian Buckham, SVP, CFO and Treasurer, and John Wunderlich, Investor Relations Manager. Slide four has a summary of our third quarter results. Idaho Corp's diluted earnings per share were 226 compared with 212 for last year's third quarter. In the third quarter of this year, Idaho Power reported 2.5 million of additional tax credit amortization under the Idaho regulatory mechanism, which is the same amount Idaho Power recorded in the third quarter of last year. For the first three quarters of 2025, diluted earnings per share were 513 versus 482 for the first three quarters of 2024. Those results include additional tax credit amortization of $39 million in the first three quarters of 2025 co...