IDACORP (NYSE:IDA) Issues Quarterly Earnings Results

IDACORP (NYSE:IDA) announced its quarterly earnings data on Thursday. The energy company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.22, FiscalAI reports. The company had revenue of $608.04 million for the quarter, compared to analysts’ expectations of $603.00 million. IDACORP had a return on equity of 10.20% and a net margin of 19.84%. During the same period last year, the firm posted $2.26 EPS.

Here are the key takeaways from IDACORP’s conference call:

• Third-quarter diluted EPS rose to $2.73 from $2.26 year over year, while year-to-date EPS reached $5.76 versus $5.13. IDACORP raised its 2026 EPS guidance to $6.40–$6.50 and now expects less than $10 million of additional tax-credit amortization.
• Customer growth is accelerating, led by a 27% increase in industrial revenues as Meta’s Boise data center ramps and Micron expansions progress. Management’s preliminary five-year retail load-growth forecast is 8.9% annually, reaching approximately 29,000 GWh by 2032, excluding much of the potential pipeline.
• IDACORP is advancing major transmission and generation investments, including the B2H line, SWIP North, and three company-owned gas projects totaling 819 MW. The company also shortlisted 11 projects in its 2032 RFP and expects to select projects and pursue related regulatory approvals by year-end.
• Capital spending is trending toward the high end of the $1.3 billion–$1.5 billion 2026 range, with an updated multiyear forecast due on the fourth-quarter call. IDACORP has approximately $873 million of equity forwards available and intends to maintain roughly a 50/50 debt-equity capital structure, though incremental projects could require additional financing.
• Management expects additional ADITC usage may be necessary in 2027 as substantial construction work converts from CWIP to rate-base plant before a potential rate case takes effect. A 2027 general rate case is increasingly likely, although the company will not make a final determination until it assesses project timing and finances.

IDACORP Trading Up 1.4%

NYSE IDA traded up $1.98 on Friday, hitting $145.59. The company’s stock had a trading volume of 598,629 shares, compared to its average volume of 582,726. IDACORP has a 52-week low of $124.12 and a 52-week high of $154.91. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The company’s 50-day simple moving average is $135.46 and its 200 day simple moving average is $140.69. The firm has a market cap of $8.42 billion, a P/E ratio of 22.36, a PEG ratio of 2.48 and a beta of 0.48.

IDACORP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Thursday, November 5th will be issued a $0.90 dividend. This is an increase from IDACORP’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, November 5th. This represents a $3.60 annualized dividend and a yield of 2.5%. IDACORP’s dividend payout ratio (DPR) is 55.30%.

Trending Headlines about IDACORP

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Third-quarter results exceeded expectations: IDACORP reported adjusted earnings of $2.73 per diluted share, up from $2.26 a year earlier and above the $2.51 analyst consensus. Revenue reached $608.0 million, also topping estimates of roughly $603.0 million. Net income rose to $160.2 million from $124.4 million. IDACORP Q3 earnings report
• Positive Sentiment: Full-year outlook was raised: Management increased 2026 EPS guidance to $6.40-$6.50 from $6.30-$6.45, modestly above the prior consensus estimate of $6.39. The upgrade reflects customer growth, higher Idaho Power base rates and stronger revenue from large contract customers. IDACORP revises 2026 earnings guidance
• Positive Sentiment: Long-term electricity demand expectations are favorable: IDACORP forecasts an 8.9% compound annual growth rate in retail sales load through 2032, supporting expectations for sustained customer and rate-base growth at Idaho Power. IDACORP long-term load growth outlook
• Neutral Sentiment: Regulatory and tax-credit items remain watch points: Idaho Power expects to use less than $10 million of additional tax credits under its Idaho regulatory mechanism in 2026. The earnings call focused on how rates, customer expansion and capital investment will affect future results. IDACORP Q3 earnings call transcript
• Negative Sentiment: Insider selling provides a minor counterpoint: Two executives sold 1,500 shares each during the past six months, with no reported insider purchases. These transactions are not necessarily related to the earnings outlook but could modestly temper sentiment. IDACORP insider trading and earnings report

Analyst Ratings Changes

IDA has been the topic of several research reports. Wall Street Zen downgraded shares of IDACORP from a “hold” rating to a “sell” rating in a research note on Saturday. BTIG Research set a $153.00 target price on IDACORP in a report on Tuesday, October 20th. Wells Fargo & Company raised their target price on shares of IDACORP from $154.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Morgan Stanley upped their price target on shares of IDACORP from $143.00 to $144.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of IDACORP in a research report on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.00.

IDACORP Company Profile

IDACORP, Inc is a holding company whose principal subsidiary, Idaho Power Company, is a regulated electric utility. Idaho Power generates, purchases, transmits, distributes and sells electricity to residential, commercial, industrial and agricultural customers.

Idaho Power serves customers across southern Idaho and eastern Oregon. Its power supply includes a substantial hydroelectric system, along with energy from thermal, wind, solar and other resources. The company also operates and maintains the transmission and distribution infrastructure needed to deliver electricity throughout its service area.

Idaho Power traces its history to 1916, when it was established to provide electric service in Idaho.