IDACORP stock raises 2026 EPS outlook after strong Q3

Published on 11/03/2026 at 00:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IDACORP stock now targets higher 2026 earnings after a stronger quarter. Management cited customer growth and large contract revenue.

What IDACORP reported next

Third-quarter diluted earnings per share rose to 2.73 US dollars from 2.26 US dollars a year earlier.
IDACORP lifted its 2026 earnings guidance to 6.40 to 6.50 US dollars per diluted share.
Customer growth, higher base rates and large contract revenue supported Idaho Power's results.

IDA, US4511071064, Illustration mit AI erstellt.

IDACORP reported stronger third-quarter results on October 29, 2026, and raised its full-year earnings outlook. The company said customer growth, higher base rates and rising revenue from large contract customers supported the performance, according to its Business Wire release.

Quarterly earnings gain momentum

Net income attributable to IDACORP reached 160.2 million US dollars in the third quarter, compared with 124.4 million US dollars a year earlier. Diluted earnings per share increased to 2.73 US dollars from 2.26 US dollars.

Idaho Power's higher base rates contributed 38.1 million US dollars to operating income compared with the year-earlier quarter. Customer growth added 5.8 million US dollars, while revenue from large contract customers added 11.8 million US dollars. The company said the number of Idaho Power customers rose by approximately 15,000, or 2.2 percent, in the twelve months to September 30.

Higher outlook, wider operating demands

IDACORP raised its 2026 earnings guidance to 6.40 to 6.50 US dollars per diluted share from 6.30 to 6.45 US dollars previously. The outlook assumes normal weather through year-end and less than 10 million US dollars of additional tax-credit amortization. The company kept its 2026 capital-expenditure forecast at 1.3 billion to 1.5 billion US dollars.

Operating and financial risks remain tied to regulatory cost recovery, power demand from large industrial customers, hydropower conditions and the financing required for infrastructure investment. IDACORP also raised its Idaho Power operations and maintenance expense forecast to 535 million to 545 million US dollars and narrowed its hydropower generation outlook to 5.5 million to 6.0 million megawatt-hours.

Regional utility with Idaho focus

IDACORP is a Boise, Idaho-based holding company whose main operating business is Idaho Power, a regulated electric utility serving customers in Idaho and Oregon. The group also includes IDACORP Financial, which invests in affordable housing and other real-estate tax credits, and Ida-West Energy, which operates small hydroelectric generation projects. Idaho Power serves a 24,000-square-mile area and combines hydropower with other generation resources for residential, business and agricultural customers.