IDACORP Reports Strong Q3 2026 Earnings Driven by Industrial Growth and Raised Guidance
IDACORP (IDA) reported significant growth in its third quarter of 2026, with diluted earnings per share rising to $2.73 from $2.26 in the prior year period. Net income reached $160.2 million, fueled by customer expansion and higher base rates. The company's industrial revenue saw a substantial 27% increase as large contract customers began ramping up facility operations. Driven by strong operational performance, management raised its full-year 2026 EPS guidance to a range of $6.40 to $6.50. Looking ahead, the company anticipates significant load growth, projecting an 8.9% CAGR over five years due to new industrial and data center loads. While capital expenditures are trending toward the high end of the $1.3 billion to $1.5 billion range, the company maintains a stable capital structure near its 50% debt-to-equity target.
Tickers: $IDA
Topics: Capital Expenditure Earnings Report EPS Guidance Load Forecast Revenue Growth