IDACORP (NYSE:IDA) Announces Earnings Results, Beats Expectations By $0.22 EPS

IDACORP (NYSE:IDA) posted its earnings results on Thursday. The energy company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.22, FiscalAI reports. The business had revenue of $608.04 million for the quarter, compared to analysts’ expectations of $603.00 million. IDACORP had a net margin of 18.78% and a return on equity of 9.34%. During the same period in the previous year, the company posted $2.26 earnings per share.

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 Stock Performance

Shares of NYSE:IDA traded up $2.37 on Friday, hitting $145.98. The company had a trading volume of 84,931 shares, compared to its average volume of 529,982. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 2.42 and a beta of 0.48. The stock has a 50 day moving average price of $135.36 and a 200 day moving average price of $140.60. IDACORP has a 1-year low of $124.12 and a 1-year 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.

IDACORP Increases Dividend

The business 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. This represents a $3.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, November 5th. IDACORP’s dividend payout ratio is presently 58.28%.

Analyst Ratings Changes

IDA has been the topic of a number of recent analyst reports. BTIG Research set a $153.00 price target on shares of IDACORP in a report on Tuesday, October 20th. Morgan Stanley upped their price target on IDACORP from $143.00 to $144.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Wall Street Zen upgraded IDACORP from a “sell” rating to a “hold” rating in a report on Sunday, September 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a report on Monday, August 3rd. Finally, Barclays lowered their target price on IDACORP from $162.00 to $149.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, IDACORP currently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Trending Headlines about IDACORP

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Quarterly results exceeded expectations: IDACORP reported third-quarter EPS of $2.73, up from $2.26 a year earlier and above the $2.51 consensus estimate. Revenue reached $608.0 million, also surpassing analysts’ $603.0 million forecast. IDACORP Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Profit growth was substantial: Net income attributable to IDACORP rose to $160.2 million from $124.4 million in the year-ago quarter. Management attributed the performance to customer growth, higher Idaho base rates and increased revenue from large contract customers. IDACORP Q3 Net Income Climbs as Guidance Rises
• Positive Sentiment: 2026 guidance increased: IDACORP raised its full-year EPS outlook to $6.40-$6.50 from $6.30-$6.45, placing the midpoint above the prior forecast and slightly ahead of the $6.39 analyst estimate. IDACORP 2026 EPS Outlook
• Neutral Sentiment: IDACORP said Idaho Power expects to use less than $10 million in additional tax credits under an Idaho regulatory mechanism during 2026. The earnings call and presentation may provide further detail on regulatory, customer-demand and capital-investment trends. IDACORP Q3 2026 Earnings Call Transcript
• Negative Sentiment: Recent insider-trading data cited two executive share sales and no insider purchases over the past six months. These transactions are a secondary signal and do not offset the stronger earnings and guidance news.

About IDACORP

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.