Idacorp Q4 net income rises

IDACORP

19/02/2026 11:38

Overview

U.S. utility company's Q4 net income rose to $43.6 mln, driven by customer growth

Q4 EPS increased to $0.78 from $0.70 in 2024

Company initiates 2026 EPS guidance of $6.25 to $6.45

Outlook

Idacorp initiates 2026 earnings guidance at $6.25 to $6.45 per diluted share

Company expects Idaho Power to use less than $30 mln of tax credits in 2026

Idacorp plans substantial capital investment in 2026 for infrastructure development

Result Drivers

RATE INCREASE - Higher base rates from Idaho Limited-Issue Rate Case boosted retail revenues per MWh

CUSTOMER GROWTH - Operating income increased due to 2.3% growth in Idaho Power customers

USAGE DECLINE - Warmer temperatures led to decreased energy usage, reducing operating income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.78
Q4 Net Income
$43.61 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Idacorp Inc is $141.00, about 0.5% below its February 18 closing price of $141.74

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nBw7g7D9na

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)