Earnings Releases·Oct 29, 2026, 7:58 AM ET

IDACORP — Third Quarter 2026 Earnings Summary

Third-quarter net income rose to $160.2 million ($2.73 per diluted share) from $124.4 million ($2.26) in the prior year period, driven by higher retail revenues per MWh and customer growth at Idaho Power.
Full-year 2026 earnings guidance was increased to $6.40–$6.50 per diluted share, while Idaho Power O&M expense guidance was raised to $535–$545 million and hydropower generation guidance lowered to 5.5–6.0 million MWh.
Capital expenditure guidance for Idaho Power remains unchanged at $1,300–$1,500 million, with significant progress noted on battery storage, transmission, and generation projects.
Year-to-date net income reached $330.8 million ($5.76 per share) as lower property taxes and reduced ADITC amortization offset increases in O&M and depreciation expenses.