Mission Statement, Vision, & Core Values of IDACORP, Inc. (IDA)

As a seasoned analyst, I can defintely tell you that IDACORP, Inc.'s ability to raise its 2025 earnings guidance to a range of $5.80 to $5.90 per diluted share isn't just about rate cases; it's about the foundational principles driving a utility with a $1.81 billion trailing twelve-month revenue. You see the numbers, but what's the strategic bedrock that allows them to commit $1.0 billion to $1.1 billion in capital expenditures this year alone? With customer volume growing 2.3% year-over-year, how do the Core Values of Safety First, Integrity Always, and Respect for All translate into the kind of reliable execution that keeps that growth profitable? Stick with me to find out how their Mission and Vision map directly to the next five years of performance.

IDACORP, Inc. (IDA) Overview

You need a clear picture of IDACORP, Inc. (IDA) right now, not a history lesson, so let's cut to the chase: this is a regulated utility anchored by a rapidly growing service area, and its 2025 financials reflect that momentum. The company is a holding entity, but its core value driver is its primary subsidiary, Idaho Power Company, which has been operating since 1916. IDACORP itself was formally established in 1998 to manage the utility alongside its non-utility assets.

The business model is straightforward: generate, transmit, and distribute electric energy across a 24,000-square-mile service territory in southern Idaho and eastern Oregon. Its power generation is heavily reliant on its 17 hydroelectric plants, which is a major competitive advantage, plus it uses three natural gas-fired plants and has interests in two coal-fired plants. For the twelve months ending September 30, 2025, IDACORP's total revenue stood at $1.81 billion, a slight decline year-over-year but still indicative of a stable, regulated business. You can dive deeper into the corporate structure and ownership in our full breakdown: IDACORP, Inc. (IDA): History, Ownership, Mission, How It Works & Makes Money.

• Founded: 1916 (Idaho Power Company).
• Core Service: Electricity generation, transmission, and distribution.
• Key Asset: 17 hydroelectric plants on the Snake River.
• Latest TTM Revenue: $1.81 billion (as of Q3 2025).

2025 Financial Performance: Growth Driven by Customer Volume

Honesty, IDACORP's Q3 2025 results show a company executing well against a backdrop of significant regional expansion. The headline number is the net income for the third quarter of 2025, which hit $124.4 million, a solid jump from $113.6 million in the same quarter last year. For the first nine months of 2025, net income attributable to IDACORP was $279.9 million, an increase of $28.6 million over the prior-year period. That's a defintely strong performance.

The real story here is the customer base growth. For the twelve months ending September 30, 2025, the customer volume increased by 2.3%, adding approximately 15,000 new customers. This growth, coupled with rate changes, was the largest driver, boosting operating income by $7.8 million in Q3 2025 alone. Plus, the net increase in retail revenues per megawatt-hour (MWh), largely due to Idaho base rate increases effective January 1, 2025, added another $17.6 million to operating income in the third quarter. The company is capitalizing on the industrial demand from major projects, like the expansions by Chobani and Tractor Supply, which is fueling this unprecedented load growth.

Here's the quick math: the company has raised its full-year 2025 earnings guidance to a tight range of $5.80 to $5.90 per diluted share as of October 2025. That revised guidance reflects confidence in the underlying economic strength of their service area and effective regulatory management.

IDACORP's Position as an Industry Leader

When you look at the utility space, IDACORP stands out not just for its growth, but for its strategic positioning and customer affordability. The company is actively pursuing an ambitious five-year capital expenditure plan totaling approximately $5.6 billion, which is designed to support what it calls 'industry leading growth.' This is a significant investment, more than double the average of the prior five-year cycle, focused on grid resilience, transmission upgrades, and integrating new resources like battery storage.

What makes this a compelling story for customers and investors is that Idaho Power's total retail customer rates are consistently 25% to 30% below the national average. This affordability is a key competitive advantage, attracting more economic development and, in turn, driving the robust customer and load growth that supports IDACORP's earnings profile. The company's focus on hydropower-a low-cost, clean energy source-is the foundation of this strategy. To truly understand why this utility is a leader in its region and how its mission is tied to this growth-pays-for-growth strategy, you need to see the full picture.

IDACORP, Inc. (IDA) Mission Statement

You're looking for the bedrock of a utility company, the statement that guides capital allocation and rate case arguments, and for IDACORP, Inc. (IDA), it is crystal clear. Their mission isn't corporate fluff; it's a tangible commitment: to safely provide reliable, affordable, increasingly clean energy our customers count on every day. This isn't just a poster in the lobby; it's the strategic compass for their approximately 2,100 employees and their investments, especially as they navigate the rapid growth in their service territory.

A mission statement's significance in a regulated utility business like this is paramount. It maps long-term goals to daily operations, from infrastructure spending to customer service protocols. For you, the investor or strategist, it shows where the company is placing its bets. It's the framework that supports their full-year 2025 earnings guidance, which was recently increased to a range of $5.80 to $5.90 per diluted share as of late October 2025. That financial target is directly tied to executing this mission. You can find more detail on their foundation and operations here: IDACORP, Inc. (IDA): History, Ownership, Mission, How It Works & Makes Money.

Safely Providing Reliable Energy

The first core component is simple: keep the lights on, and do it without injury. For a utility, reliability is the product, and safety is the non-negotiable operating principle (a core value they call Safety First). This commitment is backed by serious capital investment. For the 2025 fiscal year, IDACORP is forecasting capital expenditures, excluding Allowance for Funds Used During Construction (AFUDC), in the range of $1,000 million to $1,100 million. That's a massive outlay to strengthen the grid and ensure service quality for a rapidly expanding customer base.

Here's the quick math on quality: the reliability metric for 2024 showed customers had their lights on 99.96% of the time. That's a high bar, especially considering the challenges of managing a system that grew by adding over 11,500 new customers in the first nine months of 2025 alone. Maintaining that level of service requires defintely robust infrastructure spending and a culture where safety is the primary goal, not an afterthought.

• Invest in grid hardening and transmission projects.
• Prioritize employee and community safety first.
• Maintain near-perfect service uptime, even with growth.

Delivering Affordable Energy

The affordability mandate is crucial for any regulated utility, balancing the need for infrastructure investment with the public interest. IDACORP's mission explicitly includes 'affordable energy,' a key differentiator in a high-inflation environment. The company has a strong track record here, consistently keeping its customer prices an estimated 20% to 30% below the national average through 2024. This is a significant competitive advantage for the region and a political buffer for the company.

The challenge is maintaining this affordability while investing billions in the system. The company's financial strength, demonstrated by a Q3 2025 net income of $124.4 million, helps them manage costs and finance new projects without disproportionately burdening customers. They use regulatory mechanisms, like the use of additional deferred investment tax credits, which are expected to be between $50 million and $60 million in 2025, to help keep rates lower than they otherwise would be. That's smart financial stewardship.

Committing to Increasingly Clean Energy

The third component, 'increasingly clean energy,' speaks to the long-term, secular trend of decarbonization and environmental stewardship (which they define as 'sound and enduring financial, environmental and social stewardship'). This is where they map near-term actions to their long-term goal of achieving 100% clean energy by 2045. That's a clear, actionable target.

Their energy mix already leans heavily on clean sources. In 2024, for example, hydropower accounted for 38.2% of their energy, with an additional 17.9% coming from long-term purchases of wind, solar, and other renewable resources. They are actively adding resources, like the leased battery storage facility that started operations in Q2 2025, contributing to both reliability and the clean energy goal. This dual focus-reliability plus clean energy-is the future of the utility sector, and IDACORP is positioned to be a leader in the transition.

IDACORP, Inc. (IDA) Vision Statement

You're looking for the strategic compass guiding IDACORP, Inc. (IDA), and you should focus on their core statements. The company's direction is clear: it's a dual mandate to serve the public good while delivering competitive returns. Their vision, mission, and values are not just corporate boilerplate; they are the framework for their nearly $1.1 billion in planned 2025 capital spending.

The Vision Statement is the long-term aspiration: Exploring IDACORP, Inc. (IDA) Investor Profile: Who's Buying and Why? The goal is simple but powerful: to be a trusted leader creating customer and shareholder value through energy and water solutions. Breaking this down shows you exactly where the management team is placing its bets and how they plan to execute on their 2025 guidance of $5.80 to $5.90 per diluted share.

Trusted Leadership: The Foundation of Operations

Being a trusted leader in a regulated utility business means you must nail the basics: safety, ethics, and community commitment. IDACORP, through its subsidiary Idaho Power, grounds this leadership in three non-negotiable Core Values: Safety First, Integrity Always, and Respect for All. Honestly, in an industry where infrastructure investment is massive-Idaho Power's 2025 capital expenditures are projected to be between $1.0 billion and $1.1 billion-operational integrity is defintely a financial control.

This commitment translates directly to risk mitigation. A culture of 'Safety First' helps manage operational expenses (O&M), which are guided to be between $470 million and $480 million for Idaho Power in 2025. That's the quick math on how values impact the income statement. A major safety incident can blow past those estimates quickly, so the Core Values are a critical part of the financial framework, not just a poster on the wall. They are the bedrock for managing everything from grid modernization to the massive Boardman-to-Hemingway (B2H) transmission line project.

Creating Customer Value: Reliable, Affordable, and Clean Energy

The 'customer value' component of the vision is directly supported by the Mission Statement: to safely provide reliable, affordable, increasingly clean energy our customers count on every day. This isn't just about keeping the lights on; it's about managing the energy transition while accommodating explosive regional growth. Idaho Power's customer base grew by approximately 15,000, or 2.3%, in the twelve months ended September 30, 2025, which is a significant driver of their 2025 earnings growth.

The strategic plan for this value creation is laid out in the 2025 Integrated Resource Plan (IRP). It's a 20-year roadmap to meet a projected 45% surge in peak demand, with a hard goal of achieving 100% clean energy by 2045. This means significant investment in new resources and infrastructure like transmission and battery storage. What this estimate hides is the regulatory risk, but the clear, long-term focus on 'increasingly clean energy' aligns the company with broader environmental, social, and governance (ESG) trends, which is a major draw for institutional capital.

• Add 600 MW of wind capacity by 2027.
• Allocate $5.6 billion in CapEx for 2025-2029 IRP.
• Prioritize transmission upgrades for grid resilience.

Creating Shareholder Value: Financial Strength and Returns

The second half of the vision, 'creating shareholder value,' is where the financial analyst in me focuses. For a utility, this means predictable, growing earnings and a sustainable dividend. The company's performance in the first nine months of 2025 saw net income increase by $28.6 million compared to the same period in 2024, demonstrating strong underlying operational performance.

The 2025 full-year earnings guidance is tight, at $5.80 to $5.90 per diluted share. This is a strong, stable outlook, and it supports their recent dividend increase. In November 2025, IDACORP announced an increase in its quarterly dividend to $0.88 per share, which translates to an annualized dividend of $3.52. This focus on consistent returns is the tangible output of their vision, showing that strategic investments in the grid and clean energy are translating into real cash flow for investors. The debt-to-equity ratio of 1.01 as of November 2025 suggests a balanced approach to financing this growth, keeping the balance sheet healthy while funding the future.

IDACORP, Inc. (IDA) Core Values

You need to know what drives a utility company beyond the wires and the quarterly report. For IDACORP, Inc. (IDA), the holding company for Idaho Power, it boils down to three core values: Safety First, Integrity Always, and Respect for All. These aren't just corporate wallpaper; they are the bedrock for every capital expenditure decision and every regulatory filing, especially as the company navigates a rapidly growing service area.

The commitment shows up in the numbers. For instance, the company's full-year 2025 earnings guidance was recently raised to a range of $5.80 to $5.90 per diluted share, a clear signal that operational focus-which is tied directly to these values-is paying off. This is a utility that defintely walks the talk.

Safety First

Safety is the non-negotiable starting point in the energy business. If you're not safe, you can't be reliable, and you certainly can't be profitable. IDACORP treats the well-being of its approximately 2,100 employees, customers, and communities as a core operational metric, not just a compliance issue.

The company's focus on safety is evident in its operational spending. The 2025 guidance for Operations and Maintenance (O&M) expense at Idaho Power is set between $470 million and $480 million, a significant portion of which is dedicated to system hardening and risk mitigation. Here's the quick math: proactive spending here reduces catastrophic failure risk and, thus, long-term financial volatility.

• Prioritize employee and public well-being.
• Invest heavily in system resilience.
• Reduce financial risk through prevention.

A concrete example is the ongoing Wildfire Mitigation Plan, which protects the communities the company serves. This focus helped IDACORP achieve its third-safest year on record in terms of lost-time injuries in 2024, setting a strong precedent for 2025 operations. You can't overlook how a strong safety culture underpins the entire financial structure; it minimizes liability and ensures business continuity.

Integrity Always

This value is about fairness, ethics, and trustworthiness in all interactions-from the regulator to the shareholder. For a regulated utility, this translates directly into transparent financial performance and a commitment to affordable customer rates. It's what assures investors of consistent returns and customers of fair pricing.

IDACORP's financial integrity is clear in its track record, having achieved 17 consecutive years of earnings growth through 2024. More importantly for the customer, the company's prices have remained consistently low, often 20% to 30% below the national average. That's a huge competitive advantage for the region.

In 2025, this commitment to affordability is tangible. Idaho Power is expected to use between $50 million and $60 million of additional tax credits under its Idaho regulatory mechanism to benefit customers. That's a direct financial return to the people they serve. Plus, the recent increase in the quarterly dividend to $0.88 per share shows a simultaneous commitment to shareholder value, proving you can balance both stakeholder groups. For a deeper dive into the company's fiscal position, read Breaking Down IDACORP, Inc. (IDA) Financial Health: Key Insights for Investors.

Respect for All

Respect for All extends beyond people to include the environment and the communities IDACORP operates in. This is where the company's long-term strategy for clean energy and infrastructure investment comes into play. It's about being a good steward of the resources you control.

The company's vision is ambitious: providing 100% clean energy by 2045. This isn't a small goal; it requires massive, sustained capital investment. The 2025 Capital Expenditure forecast, excluding AFUDC (Allowance for Funds Used During Construction), is between $1.0 billion and $1.1 billion, much of which is dedicated to infrastructure like the three major transmission projects currently preparing for construction. This investment supports the 2.3% customer growth seen in the 12 months ending September 30, 2025.

Respect for the community is also quantified through direct support. In 2024, IDACORP contributed over $1.4 million to local organizations, demonstrating a commitment that goes beyond just keeping the lights on. It's a holistic view of corporate responsibility that views environmental and social performance as a key pillar of long-term financial health.