Exhibit 99.1 February 19, 2026 IDACORP, Inc. Announces Fourth Quarter and Year-End 2025 Results, Initiates 2026 Earnings Guidance BOISE, Idaho--IDACORP, Inc. (NYSE: IDA) reported fourth quarter 2025 net income attributable to IDACORP of $43.6 million, or $0.78 per diluted share, compared with $37.9 million, or $0.70 per diluted share, in the fourth quarter of 2024. For the full year ended December 31, 2025, IDACORP reported net income attributable to IDACORP of $323.5 million, or $5.90 per diluted share, co ...

Regulatory and Compliance - Idaho Power filed a limited-issue rate case with the Idaho Public Utilities Commission (IPUC) in May 2024[17]. - The company is committed to regulatory compliance and has implemented specialized accounting rules to reflect the effects of cost-based rate regulation[35]. - Idaho Power's effective income tax rate is influenced by regulatory accounting practices, which recognize tax impacts currently for rate-making purposes[36]. - The regulatory framework established by the IPUC, OPUC, and FERC significantly influences Idaho Power's pricing and revenue[38]. - Factors affecting Idaho Power's financial performance include regulatory decisions, capital expenditures, and economic conditions[20]. Financial Performance - The company reported a significant increase in cash flows, with a year-over-year growth of 15% in Q3 2023[19]. - Idaho Power's total retail revenues for 2025 reached $1,556.36 million, a slight increase from $1,552.78 million in 2024[43]. - Idaho Power's total electric utility operating revenues for 2025 were $1,809.61 million, compared to $1,822.97 million in 2024[43]. - Retail energy sales in 2025 totaled 16,177 thousand MWh, up from 15,971 thousand MWh in 2024[43]. - Idaho Power's wholesale energy sales in 2025 were $55.99 million, a decrease from $73.91 million in 2024[43]. - Approximately 95% of Idaho Power's retail revenue comes from customers in Idaho, with the remainder from Oregon[41]. - Idaho Power's total purchased power expense for 2025 was $392.462 million, a decrease from $425.082 million in 2024[63]. - The cost per MWh from wholesale market purchases in 2025 was $37.33, down from $52.46 in 2024 and $74.23 in 2023[63]. Customer Demand and Service - The company anticipates a 5% increase in customer demand for electricity over the next year, driven by new industrial customers[19]. - As of December 31, 2025, Idaho Power served approximately 664,000 retail customers, with 561,000 being residential customers[31]. - Idaho Power's highest all-time system peak demand reached 3,793 MW on July 22, 2024, and the winter peak demand was 2,719 MW on January 16, 2024[50]. Energy Generation and Resources - Idaho Power is focusing on renewable energy sources, with plans to increase its renewable generation capacity by 20% by 2025[19]. - Idaho Power's hydropower facilities are expected to generate 1,200 GWh in the next quarter, subject to variable hydrological conditions[21]. - Hydropower generation in 2025 was 7.0 million MWh, a decrease from 7.2 million MWh in 2024 but an increase from 6.5 million MWh in 2023[53]. - The total power supply for 2025 was 20,395 thousand MWh, compared to 20,061 thousand MWh in 2024 and 18,965 thousand MWh in 2023[51]. - Idaho Power's total system generation for 2025 was 13,612 thousand MWh, an increase from 13,520 thousand MWh in 2024 and 11,938 thousand MWh in 2023[51]. - The preferred resource portfolio in the 2025 IRP includes 4,071 MW of additional capacity, comprising 1,161 MW of natural gas, 1,445 MW of solar, and 700 MW of wind[74]. Capital Expenditures and Investments - Idaho Power's capital expenditures for utility infrastructure projects are projected to be approximately $300 million for the upcoming fiscal year[19]. - The company is facing potential cost increases due to supply chain constraints and tariffs, which may impact capital expenditures[21]. - Idaho Power anticipates environmental compliance expenditures of $30 million in 2026 and $133 million for 2027-2028, primarily for hydropower and thermal facilities[85]. - The company expects annual costs of $35 million to $45 million for obtaining a new long-term license for its largest hydropower generation source, HCC[86]. Employee and Corporate Governance - As of December 31, 2025, IDACORP had 2,174 full-time employees, with 48% having over 10 years of service[89]. - Idaho Power's employee compensation includes a structured schedule and benefits such as a 401k plan with company matching contributions, healthcare benefits, and tuition assistance[92]. - IDACORP's corporate governance includes regular updates to the board on safety metrics, employee compensation, and company culture initiatives[90]. - The executive team of IDACORP and Idaho Power has extensive experience, with key positions held since at least 2019[96]. Environmental Initiatives - The company is committed to transitioning from coal-fired operations to natural gas, with remediation costs projected at $50 million[21]. - Idaho Power has significantly reduced its CO2 emissions since 2005, primarily by decreasing coal generation levels and converting two units at the Jim Bridger plant from coal to natural gas in 2024[80]. - The company is actively engaged in reducing carbon emissions intensity, significantly decreasing CO emissions since 2005 through various initiatives[80]. - Idaho Power's operational resilience strategies include cloud-seeding operations and enhancing grid resiliency to address climate change impacts[80]. Strategic Projects - Idaho Power's ongoing projects include the Boardman-to-Hemingway high-voltage transmission line, aimed at enhancing regional energy distribution[17]. - The company is pursuing three significant transmission projects: B2H (300 miles), GWW, and SWIP-N (285 miles) to meet future resource needs[70][71]. - The company plans to convert both units at the North Valmy plant to natural gas by mid-2026, following the completion of the first unit in December 2025[57]. - The company plans to add 250 MW of battery storage capacity by the end of 2026, supplementing the existing 307 MW of company-owned battery storage[67].

While reporting financial results for the fourth quarter on Thursday, electric utility IDACORP, Inc. (IDA) initiated its earnings guidance for the full year 2026 in a range of $6.25 to $6.45 per share.The guidance is based on expectation that Idaho Power will use less than $30 million of additional tax credits available under the Idaho regulatory mechanism in 2026. It also assumes normal weather conditions and power supply expenses throughout the year.For the fourth quarter, the company reported net income ...

Core Insights - IDACORP, Inc. reported a fourth quarter 2025 net income of $43.6 million, or $0.78 per diluted share, an increase from $37.9 million, or $0.70 per diluted share, in the fourth quarter of 2024 [1] - For the full year ended December 31, 2025, IDACORP's net income was $323.5 million, or $5.90 per diluted share, compared to $289.2 million, or $5.50 per diluted share, in 2024 [1] Financial Performance - Fourth quarter 2025 net income increased by 15.5% year-over-year from the fourth quarter of 2024 [1] - Full year 2025 net income grew by 11.1% compared to the full year 2024 [1]

Core Insights - IDACORP, Inc. is a significant utility company based in Boise, Idaho, serving approximately 604,000 retail customers in southern Idaho and eastern Oregon, with a diversified portfolio of power generation assets including hydropower, natural gas, and coal-fired plants [1] - Analyst David Arcaro from Morgan Stanley has set a price target of $139 for IDACORP, reflecting positive sentiment towards the company's stock, supported by its consistent performance and strategic market positioning [2] - IDACORP is raising its earnings per share outlook for 2025, driven by customer growth and rate increases, indicating a robust growth trajectory [3] Financial Performance - The consensus price target for IDACORP has increased from $139.06 to $140.00 over the past year, indicating a stable yet positive outlook from analysts [4] - IDACORP's recent earnings report showed earnings of $2.26 per share, surpassing the Zacks Consensus Estimate of $2.23 per share, reflecting steady performance [4] - IDACORP has been upgraded to a Zacks Rank 2 (Buy), with an improved earnings per share outlook for 2025, suggesting confidence in its future growth and financial health [4]

Group 1 - U.S. small-cap equities experienced modest gains in Q4 2025, supported by attractive valuations, earnings recovery, and a shift from mega-cap stocks [1] - The Aristotle Small Cap Equity Fund (Class I-2) returned 1.96% in Q4 2025, underperforming the Russell 2000 Index's total return of 2.19% [1] - Security selection positively impacted overall performance, while allocation effects had a negative impact [1] Group 2 - IDACORP, Inc. (NYSE:IDA) was highlighted as a recent addition to the Aristotle Small Cap Equity Fund portfolio [2] - As of February 13, 2026, IDACORP, Inc. stock closed at $144.26 per share, with a one-month return of 7.17% and a twelve-month increase of 31.41% [2] - IDACORP, Inc. has a market capitalization of $7.8 billion [2] Group 3 - IDACORP, Inc. is a vertically integrated electric utility serving southern Idaho and eastern Oregon, benefiting from strong industrial load growth and population migration [3] - The company has a robust five-year capital plan and a double-digit rate base growth outlook, supported by a constructive regulatory environment [3] - The management team is expected to drive consistent earnings growth and long-term capital appreciation for shareholders [3] Group 4 - IDACORP, Inc. is not among the 30 most popular stocks among hedge funds, with 27 hedge fund portfolios holding the stock at the end of Q3 2025, down from 33 in the previous quarter [5] - While IDACORP, Inc. is recognized for its investment potential, certain AI stocks are considered to offer greater upside potential and lower downside risk [5]

Core Viewpoint - IDACORP, Inc. is set to report its fourth quarter results on February 19, prior to the opening of stock markets [1] Group 1: Earnings Report - The fourth quarter 2025 earnings will be discussed in a conference call scheduled for 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) on the same day [1] - Interested parties can access the conference call via a live Webcast or by calling 855-761-5600 for listen-only mode [1] - The passcode for the call is 9290150 [1]

Core Insights - IDACORP (IDA) is benefiting from systematic capital investment, an expanding customer base, and a clean energy initiative that enhances performance [1] - The company's long-term earnings growth is projected at 8.01% over the next three to five years [1] IDACORP's Tailwinds - IDACORP's regulated electric operations in Idaho and rising demand from an expanding customer base are driving performance, with Idaho Power's customer base increasing by 2.3% year over year [2][8] - Idaho Power plans to invest $1.25-$1.35 billion in capital expenditures in 2026 and $3.1-$3.6 billion from 2027 to 2029 for infrastructure development and operational expansion [3][8] - The decline in the Federal Reserve rate to 3.5-3.75% will benefit capital-intensive utilities, including IDACORP, by reducing capital servicing expenses [4] Industry Context - Other utilities such as NextEra Energy, Dominion Energy, and The Southern Company are expected to invest $74 billion, $50 billion, and $76 billion, respectively, through 2029 to enhance infrastructure and increase clean energy generation [5] - Idaho Power aims to achieve 100% clean energy production by 2045, transitioning from coal to natural gas for two units at the North Valmy plant in 2026 and the remaining two units at the Jim Bridger plant in 2030 [6][8] IDACORP's Headwinds - IDACORP's operations are subject to federal, state, and other regulations, with revenues generated through rates fixed by the Idaho Public Utilities Commission and the Public Utility Commission of Oregon, which could be adversely affected by unfavorable regulatory decisions [7]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - Investors in the Utility - Electric Power sector should consider OGE Energy and IdaCorp as potential undervalued stocks, with OGE being highlighted as the superior value option based on various valuation metrics [1][6]. Valuation Metrics - Both OGE Energy and IdaCorp currently hold a Zacks Rank of 2 (Buy), indicating positive revisions to their earnings estimates and improving earnings outlooks [3]. - OGE has a forward P/E ratio of 18.72, while IdaCorp has a forward P/E of 21.52, suggesting OGE may be more attractively priced [5]. - OGE's PEG ratio is 2.68, compared to IdaCorp's PEG ratio of 2.69, indicating similar expected earnings growth rates [5]. - OGE's P/B ratio is 1.79, while IdaCorp's P/B ratio is 1.95, further supporting OGE's position as a more favorable value stock [6]. - Based on these metrics, OGE holds a Value grade of B, while IdaCorp has a Value grade of C, reinforcing the conclusion that OGE is the better value option [6].