IDACORP Forecasts 8.9% Retail Sales Load Growth CAGR Through 2032 and Raises 2026 EPS Guidance
IDACORP (IDA) reported strong momentum during its Q3 earnings call, highlighted by significant growth in both residential and industrial sectors. CEO Lisa Grow noted a 2.2% increase in total customer count compared to the previous year, with the residential segment growing by 2.4%. Most notably, industrial revenues saw a substantial surge of 27% year-over-year. Looking ahead, the company provided optimistic long-term projections, forecasting an 8.9% compound annual growth rate (CAGR) for retail sales load through 2032. Additionally, management raised its earnings per share (EPS) guidance for 2026 to a range of $6.40–$6.50, signaling confidence in sustained demand and operational performance.
Tickers: $IDA
Topics: customer growth industrial revenue residential segment growth
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