IDACORP (NYSE:IDA) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

IDACORP (NYSE:IDA) released its earnings results on Thursday. The energy company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09, Zacks reports. The business had revenue of $403.41 million for the quarter, compared to the consensus estimate of $437.51 million. IDACORP had a return on equity of 9.50% and a net margin of 18.60%.During the same quarter in the previous year, the business earned $1.10 earnings per share. IDACORP updated its FY 2026 guidance to 6.250-6.450 EPS.

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

• IDACORP reported Q1 diluted EPS of $1.21 versus $1.10 a year ago and reaffirmed full-year 2026 guidance of $6.25–$6.45 per share (assuming normal weather and less than $30M of additional tax credit amortization).
• Management trimmed the top end of its 2026 hydropower generation outlook to a range of 5.5–7.0 million MWh due to low snowpack, which could reduce available hydro supply and pressure results if conditions worsen.
• Customer and industrial load growth remain strong (customers +2.3%, industrial energy sales +5.7%), with large projects like Micron and Meta progressing (Fab1 ramping and Fab2 ground prep) that should drive material future revenues.
• The company is executing a major buildout—three transmission lines by 2028, several gas plants (in‑service 2028–2030), 250 MW battery and 125 MW solar—requiring significant CapEx (2026 guide of $1.3–$1.5B) and financing; management plans to fund >50% from operations, target a ~50/50 capital mix, has executed ATM forwards, but faces rating notching/pressure which could affect financing costs.

IDACORP Stock Performance

IDA traded down $1.14 during trading hours on Friday, reaching $146.60. The company’s stock had a trading volume of 768,477 shares, compared to its average volume of 450,943. The company’s 50-day moving average is $143.36 and its 200-day moving average is $135.42. IDACORP has a 52 week low of $108.15 and a 52 week high of $149.73. The firm has a market cap of $8.06 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.95 and a beta of 0.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.68 and a current ratio of 0.93.

IDACORP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 5th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. IDACORP’s payout ratio is presently 59.66%.

Insider Buying and Selling

In other IDACORP news, VP Julia A. Hilton sold 1,000 shares of IDACORP stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.79, for a total transaction of $142,790.00. Following the completion of the transaction, the vice president directly owned 2,313 shares of the company’s stock, valued at $330,273.27. The trade was a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of IDACORP

Hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its stake in IDACORP by 7.3% in the 4th quarter. Invesco Ltd. now owns 635,202 shares of the energy company’s stock valued at $80,391,000 after buying an additional 43,390 shares during the last quarter. Corient Private Wealth LLC lifted its position in IDACORP by 53.5% during the fourth quarter. Corient Private Wealth LLC now owns 8,455 shares of the energy company’s stock worth $1,070,000 after acquiring an additional 2,947 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in IDACORP by 25.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,828 shares of the energy company’s stock worth $611,000 after acquiring an additional 990 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of IDACORP by 7.9% during the fourth quarter. First Citizens Bank & Trust Co. now owns 2,589 shares of the energy company’s stock worth $328,000 after acquiring an additional 189 shares during the period. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of IDACORP by 18.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 21,505 shares of the energy company’s stock worth $2,856,000 after acquiring an additional 3,329 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on IDA. Wells Fargo & Company reissued an “underweight” rating and issued a $121.00 price objective on shares of IDACORP in a report on Tuesday, April 21st. BTIG Research restated a “buy” rating and set a $156.00 target price on shares of IDACORP in a report on Friday, January 30th. Barclays upped their price target on shares of IDACORP from $149.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. UBS Group increased their price target on shares of IDACORP from $134.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of IDACORP in a research note on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $146.00.

More IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Q1 EPS beat and net income rise: IDACORP reported $1.21 EPS vs. $1.12 consensus and net income of $68.0M (up from $59.6M a year ago); management cited customer growth and recent rate changes as drivers. Business Wire Release
• Positive Sentiment: Company reaffirmed FY2026 EPS guidance of $6.25–$6.45, near consensus, which limits downside risk from the beat and supports dividend/utility stability narratives. TipRanks Summary
• Neutral Sentiment: Investor call/transcript provides additional color on operations, capital plans and regulatory posture — useful for modeling but no immediate surprises flagged. Earnings Call Transcript
• Negative Sentiment: Revenue miss and y/y decline: Q1 revenue was $403.4M vs. ~$437.5M expected, a negative top‑line surprise that suggests weaker commodity/other revenue or timing effects. Zacks Earnings Coverage
• Negative Sentiment: Trimmed hydropower outlook: management lowered expected 2026 hydropower generation to 5.5M–7.0M MWh, which can reduce low‑cost generation and push more expensive supply or higher purchased power costs later in the year. MSN / Article on Hydropower Outlook

IDACORP Company Profile

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.