IDACORP Lifts Lower End of 2026 Guidance as Q2 EPS Climbs to $1.79
IDA sits 23% above its 52-week low of $120.695.
Summary
IDACORP reported Q2 2026 diluted EPS of $1.79, up from $1.76, and raised the lower end of its full-year 2026 EPS guidance to $6.30. The utility continues to benefit from rate increases, customer growth, and large contract revenues, while advancing a massive capital investment program.
Key Events · Earnings and Guidance · IDA
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Q2 EPS Beats, Guidance Raised
Driven by rate recovery and customer growth, Q2 2026 diluted EPS of $1.79 exceeded the prior-year $1.76. Full-year 2026 EPS guidance was raised to $6.30–$6.45 from $6.25–$6.45, signaling management's confidence.
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Rate Increases Drive Revenue
Retail revenues per MWh, net of power cost adjustments, added $27.5 million in operating income for the quarter, primarily from Idaho base rate increases effective January 1, 2026.
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Customer Growth Continues
Idaho Power added approximately 15,000 customers over the past twelve months, a 2.3% increase, contributing $4.5 million to operating income in Q2.
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Large Contract Customers Boost Earnings
Retail revenues from large contract customers, net of power supply costs, increased operating income by $6.5 million, driven by higher usage and a new contract effective June 1, 2026.
Analysis · IDA · Energy & Transportation
A solid quarter saw EPS rise to $1.79 from $1.76 a year ago, fueled by rate increases and customer growth. Confidence in sustained momentum is evident as the lower end of full-year 2026 EPS guidance moves up to $6.30. The heavy capital investment cycle is underscored by 250 MW of battery storage coming online and progress on major transmission projects, with capex forecast at $1.3–$1.5 billion for 2026. Trading near its 52-week high, the stock reflects market approval of the utility's growth trajectory and regulatory execution.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, IDA was trading at $148.70 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $8B. The 52-week trading range was $120.70 to $154.91. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.