IDACORP Lifts Lower End of 2026 Guidance as Q2 EPS Climbs to $1.79

summarizeSummary

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.

check_boxKey Events · Earnings and Guidance · IDA

• 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.

• 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.

• 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.

• 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.

auto_awesomeAnalysis · 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.