IDACORP, Inc. (IDA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to IDA Corp's fourth quarter and year-end 2025 earnings call. Today's call is being recorded and our website is live. A replay will be available later today and for the next 12 months on the IDA Corp website. If you need assistance at any time during the presentation, please press star zero on your telephone. I'll now turn the call over to Amy Shaw, Vice President of Finance and 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 IDACOR'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 Groh, President and CEO, Brian Buckham, EDP CFO and Treasurer, and John Wunderlich, Investor Relations Manager. Slide four shows a summary of our full-year financial results. IDA Corp's diluted earnings per share were 590 compared to 550 last year. This made 2025 our 18th consecutive year of EPS growth as noted on slide five. We ended up 15 cents per share above the midpoint of our original EPS guidance for 2025. These results include additional tax credit amortization of about 40 m...