IDACORP Q3 Earnings Call Highlights

October 31, 2026 - 01:47

IDACORP raised its earnings guidance for 2026 following a third quarter that showed solid improvement across its core business. The company reported diluted earnings per share of $2.73, up from $2.26 during the same period last year.

The utility attributed the gain to higher retail revenue, continued customer growth and rising contributions from large contract customers. Those factors combined to push results well above the prior year and gave management confidence to raise its outlook for 2026.

Retail revenue benefited from both an expanding customer base and increased energy demand. Large contract customers played a bigger role in the quarter than in past periods, adding a growing source of revenue that management expects to remain a meaningful part of the business going forward.

The improved guidance signals that the company expects the momentum from the third quarter to carry into the coming years. Customer growth across its service territory and the steady addition of large industrial and commercial accounts are expected to support results.

IDACORP's third quarter performance reflects a utility continuing to benefit from population growth and economic development in its region. The combination of a larger customer base and higher demand from major contract customers has given the company a stronger financial foundation as it moves toward 2026.