Filing Flows › Idacorp (IDA) › Q1 2025
Idacorp (IDA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Idacorp (IDA) reported revenue of $432M for the first quarter 2025 (Q1 2025), -4% from a year earlier and +9% from the quarter before. Operating margin was 12.7%, net earnings $59.7M (13.8% of revenue).
Idacorp, Q1 2025: revenue $432M (-4% year over year), operating margin 12.7%, net earnings $59.7M, operating cash flow $124M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $432M | +9% | -4% |
| Operating profit | $54.9M | +33% | +11% |
| Net earnings | $59.7M | +57% | +24% |
| Operating cash flow | $124M | -9% | +13% |
What changed
Revenue was $432.5M in Q1 2025, down 4% year over year and up 9% from the previous quarter. Retail revenues was the largest line at 82% of revenue. Wholesale energy sales lost $18.5M year over year (down 49%), 112% of the total change.
Operating profit was $54.9M, a 12.7% margin (up 1.7 points year over year). Total costs fell 5% while revenue fell 4%. Net earnings were $59.6M, up 24% year over year. The effective tax rate was -26.4%.
Operating cash flow was $124.3M (up 13% year over year), 208% of net earnings. Non-cash charges added back $60.8M of depreciation and amortization. Capital expenditures of $201.3M exceeded it, leaving free cash flow of −$77.0M.
Questions
What was Idacorp's revenue in the first quarter 2025?
Idacorp (IDA) reported revenue of $432M for the first quarter 2025 (Q1 2025), -4% from a year earlier and +9% from the quarter before.
Was Idacorp profitable in the first quarter 2025?
Operating profit was $54.9M (12.7% of revenue) and net earnings $59.7M.
Source: Idacorp 10-Q on SEC EDGAR.