IDACORP (NYSE:IDA) Announces Earnings Results, Beats Expectations By $0.04 EPS

IDACORP (NYSE:IDA) issued its quarterly earnings data on Thursday. The energy company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04, Zacks reports. The firm had revenue of $405.24 million during the quarter, compared to the consensus estimate of $533.06 million. IDACORP had a return on equity of 9.47% and a net margin of 17.84%.During the same quarter in the previous year, the company posted $0.70 EPS. IDACORP updated its FY 2026 guidance to 6.250-6.450 EPS.

Here are the key takeaways from IDACORP’s conference call:

• 18th straight year of EPS growth: 2025 diluted EPS was $5.90 and management guided 2026 to $6.25–$6.45 (midpoint ≈ 8% growth), expecting < $30M of additional investment tax credit amortization.
• Big capital build-out and rate‑base growth: 2026–2030 CapEx is forecast at roughly $7 billion total (~$1.4B/year) and system rate base could exceed $11 billion by 2030, raising financing needs and potential pressure on credit/metrics.
• Robust customer and large‑load pipeline: Metered customers grew 2.3% in 2025 (>660k), and a pipeline (including Micron, Meta, data centers, industrial) exceeds 4,000 MW, although only committed projects are included in official forecasts (Micron Fab 2 not yet included).
• Strong cash flow and financing plan: Operating cash flow topped $600M in 2025, management expects OCF to fund over half of CapEx, has executed >$600M of forward equity that settles in 2026, and targets a 50/50 debt‑equity mix with ~ $1.4B net equity needs through 2030.
• Oregon asset sale under way: Definitive agreement to sell Oregon distribution/transmission assets to Oregon Trail Electric Cooperative for a base $154M (adjusted and subject to regulatory approvals); Oregon represents <3% of projected sales by 2030 and timing/benefit remain uncertain.

IDACORP Price Performance

IDA opened at $139.86 on Friday. The stock has a market cap of $7.56 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.69 and a beta of 0.59. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $132.08 and a 200 day simple moving average of $129.92. IDACORP has a 12 month low of $108.15 and a 12 month high of $145.94.

IDACORP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 5th will be given a $0.88 dividend. The ex-dividend date is Thursday, February 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. IDACORP’s dividend payout ratio is currently 59.66%.

Analyst Ratings Changes

A number of research analysts recently issued reports on IDA shares. Wall Street Zen raised IDACORP from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Barclays began coverage on shares of IDACORP in a research report on Wednesday, January 14th. They set an “overweight” rating and a $144.00 target price on the stock. Wells Fargo & Company lowered shares of IDACORP from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $129.00 to $118.00 in a report on Tuesday, January 20th. Jefferies Financial Group dropped their price objective on shares of IDACORP from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of IDACORP in a research report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.67.

Institutional Trading of IDACORP

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its stake in IDACORP by 630.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 219 shares of the energy company’s stock valued at $29,000 after buying an additional 189 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of IDACORP during the third quarter worth $34,000. Los Angeles Capital Management LLC acquired a new stake in shares of IDACORP in the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC lifted its holdings in shares of IDACORP by 62.0% in the second quarter. Smartleaf Asset Management LLC now owns 311 shares of the energy company’s stock valued at $36,000 after purchasing an additional 119 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in shares of IDACORP during the fourth quarter worth about $45,000. 89.10% of the stock is owned by institutional investors.

Key Headlines Impacting IDACORP

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: Q4 earnings beat and raised near‑term outlook: IDACORP reported $0.78 EPS for Q4, topping the consensus of $0.74, and reiterated stronger full‑year performance. The beat — plus management’s FY‑2026 EPS guidance of $6.25–$6.45 — supports the stock’s move higher. Read More.
• Positive Sentiment: Multi‑year capex and EPS growth target: Management outlined a multi‑year plan (~$7B) and set an ~8% EPS growth target while advancing major projects — signaling commitment to regulated utility investments that should drive rate base growth over time. Read More.
• Positive Sentiment: Dividend investor appeal: Recent coverage highlights IDA as an attractive dividend stock, reinforcing interest from income‑focused investors given its payout history and regulated utility profile. Read More.
• Neutral Sentiment: Management materials available: The company posted its earnings slide deck and earnings‑call presentation (useful for modelers and analysts reviewing capex phasing, project timelines and rate case assumptions). Read More.
• Neutral Sentiment: Earnings call transcript for detail: The full earnings‑call transcript provides color on cost drivers, customer growth and capital spending priorities — valuable for assessing execution risk. Read More.
• Negative Sentiment: Revenue came in below some estimates: Q4 revenue of ~$405M was materially under a cited consensus (~$533M), which could reflect timing of recoverable costs or other one‑time items; investors should watch cash flow and regulatory recovery mechanics. Read More.
• Negative Sentiment: Analyst valuation split and capex execution risk: Coverage notes an analyst valuation split and highlights that higher capex increases execution and financing risk (debt ratios, rate cases). Monitor guidance updates, leverage metrics and returns on major projects. Read More.

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.