The raised guidance lower end suggests management sees improving trends, but the modest EPS beat and ongoing dilution from equity issuance limit upside. Watch for regulatory decisions on rate cases and load growth from large customers.
Price Chart
Executive Summary
IDACORP reported Q2 2026 EPS of $1.79, slightly above consensus of $1.78, and raised the lower end of its full-year 2026 EPS guidance to $6.30-$6.45 from $6.25-$6.45. Customer growth of 2.3% and revenues from large contract customers drove results, partially offset by higher O&M and depreciation. The guidance revision reflects confidence in H2 performance.
Key Financial Metrics
Key Facts
- Q2 2026 EPS $1.79 vs consensus $1.78 (0.6% beat)
- Full-year 2026 EPS guidance raised to $6.30-$6.45 (lower end up $0.05)
- Idaho Power customer growth 2.3% YoY (15,000 new customers)
- Retail revenues from large contract customers added $6.5M in Q2
- 250 MW of battery storage came online in June 2026
- Additional ADITC amortization expected below $15M for 2026 (down from <$30M)
Financial Impact
EPS beat by $0.01; guidance lower end raised by $0.05 per share
Risk Factors
- Weather-related demand variability
- Regulatory disallowances on capital projects
- Execution risk on large transmission and generation projects
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001057877-26-000130 |
| Document: ida-20260730.htm | 0001057877-26-000130 |
| Document: a2026-q2idacorpconferenc.htm | 0001057877-26-000130 |
| Document: 0001057877-26-000130-index-headers.html | 0001057877-26-000130 |
| Document: 0001057877-26-000130-index.html | 0001057877-26-000130 |
| Document: 0001057877-26-000130.txt | 0001057877-26-000130 |
| 8-K Data (Synthetic) | 0001057877-26-000130 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 12w ago | 8-K | $141.90 $140.68 | ▼ −0.86% | ▼ −3.32% | $140.81 (−0.77%) |
Jun 13, 2026 19w ago | Institutional Cluster | $142.94 $136.25 | ▼ −4.68% | ▼ −5.68% | $140.81 (−1.49%) |
May 15, 2026 23w ago | 424B5 | $140.71 $141.95 | ▼ −0.88% | ▲ +3.97% | $140.81 (−0.07%) |
Feb 23, 2026 35w ago | Insider Cluster | $142.59 $140.71 | ▼ −1.32% | ▼ −9.57% | $140.81 (−1.25%) |
US Market Status
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