IDACORP (NYSE:IDA) Updates FY 2026 Earnings Guidance

IDACORP (NYSE:IDA) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.300-6.450 for the period, compared to the consensus EPS estimate of 6.390. The company issued revenue guidance of -.

IDACORP Stock Performance

Shares of NYSE IDA opened at $143.40 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. IDACORP has a 12 month low of $122.30 and a 12 month high of $154.91. The stock has a 50 day moving average of $145.64 and a 200-day moving average of $142.45. The company has a market capitalization of $7.95 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.44 and a beta of 0.48.

IDACORP (NYSE:IDA) last posted its earnings results on Thursday, July 30th. The energy company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.01. IDACORP had a return on equity of 9.48% and a net margin of 18.78%.The business had revenue of $469.80 million for the quarter, compared to analyst estimates of $511.87 million. During the same period in the previous year, the firm earned $1.76 EPS. IDACORP has set its FY 2026 guidance at 6.300-6.450 EPS. As a group, equities research analysts predict that IDACORP will post 6.39 EPS for the current year.

IDACORP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 5th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, August 5th. IDACORP’s payout ratio is currently 58.28%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Mizuho set a $157.00 target price on shares of IDACORP in a research note on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and issued a $156.00 price target on shares of IDACORP in a report on Wednesday, July 22nd. BTIG Research restated a “buy” rating and set a $160.00 price objective on shares of IDACORP in a research report on Thursday, July 23rd. Wall Street Zen upgraded IDACORP from a “strong sell” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Wells Fargo & Company upped their target price on IDACORP from $154.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, IDACORP currently has a consensus rating of “Moderate Buy” and an average price target of $155.29.

Insider Activity at IDACORP

In related news, VP James Bo D. Hanchey sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.95, for a total transaction of $211,425.00. Following the transaction, the vice president directly owned 2,138 shares of the company’s stock, valued at approximately $301,351.10. This trade represents a 41.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.33% of the company’s stock.

IDACORP News Roundup

Here are the key news stories impacting IDACORP this week:

• Positive Sentiment: IDACORP reported second-quarter net income of $102.6 million, or $1.79 per diluted share, up from $95.8 million, or $1.76 per share, a year earlier. EPS exceeded consensus estimates, supported by customer growth, rate changes and revenue from large contract customers. IDACORP Second-Quarter 2026 Results
• Positive Sentiment: The company raised the lower end of its 2026 EPS guidance to $6.30-$6.45 from $6.25-$6.45. Management cited ongoing customer growth, rate changes and the addition of 250 megawatts of battery capacity, while assuming normal weather and limited additional tax credits. IDACORP Raises 2026 Guidance
• Positive Sentiment: Wells Fargo raised its price target to $155 from $154, indicating potential upside from recent trading levels, though it maintained an “equal weight” rating. Wells Fargo IDACORP Price Target Update
• Neutral Sentiment: Revenue increased year over year but came in at $469.8 million, below the approximately $511.9 million analyst forecast. This creates a counterpoint to the EPS beat, particularly for investors focused on utility revenue growth. IDACORP Q2 Earnings and Revenue Results
• Negative Sentiment: Recent insider activity shows several company executives selling shares and no reported insider purchases over the past six months. While these transactions may be routine, they could modestly weigh on sentiment.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of IDACORP by 7.3% in the fourth quarter. Invesco Ltd. now owns 635,202 shares of the energy company’s stock valued at $80,391,000 after buying an additional 43,390 shares during the period. Corient Private Wealth LLC grew its position in IDACORP by 53.5% during the fourth quarter. Corient Private Wealth LLC now owns 8,455 shares of the energy company’s stock worth $1,070,000 after buying an additional 2,947 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in IDACORP by 25.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,828 shares of the energy company’s stock worth $611,000 after acquiring an additional 990 shares during the period. First Citizens Bank & Trust Co. raised its holdings in IDACORP by 7.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,589 shares of the energy company’s stock valued at $328,000 after acquiring an additional 189 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in shares of IDACORP by 18.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 21,505 shares of the energy company’s stock valued at $2,856,000 after acquiring an additional 3,329 shares during the period. 89.10% of the stock is owned by institutional investors.

About IDACORP

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.