IDACORP (NYSE:IDA) Releases FY 2026 Earnings Guidance

IDACORP (NYSE:IDA) issued an update on its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 6.300-6.450 for the period, compared to the consensus estimate of 6.390. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IDA. Barclays increased their target price on shares of IDACORP from $159.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded IDACORP from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 25th. Morgan Stanley restated an “overweight” rating and issued a $156.00 price target on shares of IDACORP in a research report on Wednesday, July 22nd. BTIG Research reaffirmed a “buy” rating and set a $160.00 price objective on shares of IDACORP in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised IDACORP from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.29.

IDACORP Stock Performance

NYSE IDA traded up $2.06 during trading hours on Friday, hitting $143.96. 121,847 shares of the stock were exchanged, compared to its average volume of 517,385. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48. IDACORP has a 12-month low of $122.30 and a 12-month high of $154.91. The stock has a 50-day moving average of $145.61 and a 200 day moving average of $142.44. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 1.01.

IDACORP (NYSE:IDA) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a return on equity of 9.40% and a net margin of 18.60%.The company had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. During the same quarter in the previous year, the company earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, equities research analysts forecast that IDACORP will post 6.39 earnings per share for the current year.

IDACORP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 5th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 5th. IDACORP’s dividend payout ratio (DPR) is currently 58.57%.

Insider Buying and Selling at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of IDACORP stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.95, for a total value of $211,425.00. Following the sale, the vice president directly owned 2,138 shares in the company, valued at $301,351.10. The trade was a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by company insiders.

More IDACORP News

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: IDACORP reported second-quarter net income of $102.6 million, or $1.79 per diluted share, compared with $95.8 million, or $1.76 per share, a year earlier. EPS exceeded analyst expectations of approximately $1.75-$1.78. IDACORP second-quarter 2026 results
• Positive Sentiment: The utility raised the lower end of its 2026 adjusted earnings guidance to $6.30-$6.45 per share from $6.25-$6.45, bringing the outlook closer to the analyst consensus of $6.39. Management cited customer growth, rate changes, large-contract revenues and the addition of 250 megawatts of battery capacity. The forecast assumes normal weather and less than $15 million of additional tax credits. IDACORP raises 2026 guidance
• Positive Sentiment: Wells Fargo increased its IDACORP price target to $155 from $154, indicating modest potential upside from the recent trading level and signaling that the earnings update did not undermine its valuation view. Wells Fargo IDACORP price-target update
• Neutral Sentiment: Wells Fargo maintained an “equal weight” rating, suggesting the firm sees IDACORP as fairly valued relative to the broader utility sector rather than anticipating significant outperformance.
• Negative Sentiment: Second-quarter revenue of $469.8 million was below the approximately $511.9 million analyst estimate, despite the EPS beat. This could temper enthusiasm if investors focus on operating growth and future rate or demand trends. IDACORP Q2 earnings analysis
• Negative Sentiment: Recent insider activity showed sales by four executives and no purchases over the past six months, a modest negative sentiment signal, though the transactions do not change IDACORP’s underlying earnings outlook.

Institutional Investors Weigh In On IDACORP

Several institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of IDACORP by 630.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after purchasing an additional 189 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in IDACORP during the third quarter worth about $34,000. Los Angeles Capital Management LLC purchased a new stake in IDACORP during the fourth quarter worth about $35,000. Smartleaf Asset Management LLC grew its position in IDACORP by 62.0% during the second quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock worth $36,000 after buying an additional 119 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new position in IDACORP during the fourth quarter worth about $45,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

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.