IDACORP (NYSE:IDA) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

IDACORP (NYSE:IDA) announced its earnings results on Thursday. The energy company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09, Zacks reports. IDACORP had a return on equity of 9.50% and a net margin of 18.60%.The firm had revenue of $403.41 million during the quarter, compared to analyst estimates of $437.51 million. During the same period last year, the firm posted $1.10 EPS. 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 Price Performance

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

IDACORP Dividend Announcement

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IDA. Orion Porfolio Solutions LLC boosted its stake in IDACORP by 3,215.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 604,451 shares of the energy company’s stock worth $69,784,000 after purchasing an additional 586,221 shares during the period. Zimmer Partners LP bought a new position in IDACORP in the 3rd quarter worth about $71,031,000. Invesco Ltd. boosted its stake in IDACORP by 139.4% in the 3rd quarter. Invesco Ltd. now owns 591,812 shares of the energy company’s stock worth $78,208,000 after purchasing an additional 344,622 shares during the period. BROOKFIELD Corp ON bought a new position in IDACORP in the 2nd quarter worth about $33,920,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in IDACORP in the 2nd quarter worth about $29,728,000. Institutional investors own 89.10% of the company’s stock.

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 Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $157.00 target price on shares of IDACORP in a research report on Monday, April 27th. Barclays increased their price target on IDACORP from $149.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research note on Thursday, January 22nd. Wall Street Zen upgraded IDACORP from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Jefferies Financial Group cut their price target on IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, IDACORP has an average rating of “Moderate Buy” and an average target price of $148.86.

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.