IDACORP (NYSE:IDA) Announces Quarterly Earnings Results

Key Points

• IDACORP reported Q1 EPS of $1.21, beating the $1.12 consensus, but revenue of $403.4M missed estimates while the company reaffirmed FY2026 guidance of $6.25–$6.45 per share.
• Management trimmed 2026 hydropower generation outlook to 5.5–7.0 million MWh due to low snowpack, which could reduce low‑cost generation and pressure results if conditions worsen.
• The firm plans a major buildout with a 2026 CapEx guide of $1.3–$1.5B (transmission lines, gas plants, 250 MW battery and 125 MW solar), intends to fund >50% from operations, and warned of potential rating/financing pressure.

IDACORP (NYSE:IDA - Get Free Report) posted its earnings results on Thursday. The energy company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09, Zacks reports. The firm had revenue of $403.41 million during the quarter, compared to the consensus estimate of $437.51 million. IDACORP had a return on equity of 9.36% and a net margin of 17.84%.During the same period last year, the company 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 Trading Down 0.8%

NYSE IDA traded down $1.14 during trading hours on Friday, hitting $146.60. 768,477 shares of the company's stock were exchanged, compared to its average volume of 483,225. The stock has a 50-day simple moving average of $143.36 and a 200 day simple moving average of $135.42. IDACORP has a 1-year low of $108.15 and a 1-year high of $149.73. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.88 and a beta of 0.54. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity 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 paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $3.52 annualized dividend and a yield of 2.4%. IDACORP's dividend payout ratio (DPR) is currently 59.66%.

Key Headlines Impacting IDACORP

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IDA. Morgan Stanley restated an "overweight" rating and set a $157.00 price objective on shares of IDACORP in a research report on Monday. BTIG Research restated a "buy" rating and set a $156.00 price objective on shares of IDACORP in a research report on Friday, January 30th. Wells Fargo & Company restated an "underweight" rating and set a $121.00 price objective on shares of IDACORP in a research report on Tuesday, April 21st. Mizuho set a $157.00 price objective on IDACORP in a research report on Friday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of IDACORP in a research report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $146.00.

Insider Buying and Selling

In related news, VP Julia A. Hilton sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.79, for a total transaction of $142,790.00. Following the completion of the sale, the vice president owned 2,313 shares of the company's stock, valued at $330,273.27. This trade represents a 30.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On IDACORP

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its stake in IDACORP by 630.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company's stock worth $29,000 after purchasing an additional 189 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in IDACORP during the third quarter worth approximately $34,000. Los Angeles Capital Management LLC acquired a new stake in IDACORP during the fourth quarter worth approximately $35,000. Smartleaf Asset Management LLC grew its stake 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 purchasing an additional 119 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in IDACORP during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 89.10% of the company's stock.

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.

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