GET DAILY SIGNALSIDACORP (IDA) Delivers Q3 Earnings Beat and Raises 2026 Guidance
Key Takeaways
- IDACORP reported third-quarter 2026 diluted earnings per share (EPS) of $2.73, up from $2.26 in the prior-year quarter and ahead of the consensus estimate of $2.51.
- Net income attributable to IDACORP rose to $160.2 million, compared with $124.4 million a year earlier.
- Management raised its full-year 2026 EPS guidance to $6.40–$6.50, up from a prior range of $6.30–$6.45.
- Customer growth, higher base rates, and increased revenue from large contract customers drove the quarter's results, while higher operations and maintenance costs and lower tax-credit amortization partially offset the gains.
- For more context on the company, explore Major News, Today's Price Move, Price Targets, and the Forecast on dedicated pages.
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Earnings Context and Why It Matters
IDA is a Boise, Idaho-based energy holding company whose principal subsidiary, Idaho Power, serves a fast-growing customer base across southern Idaho and eastern Oregon. The company's quarterly results are closely watched because they offer a read on regulated utility fundamentals such as customer growth, rate recovery, and the cost of maintaining an expanding grid. Heading into the report, IDA had already raised the lower end of its guidance twice during 2026, reflecting stronger customer demand and reduced reliance on regulatory tax credits. This latest update matters because it tests whether that momentum is durable, and because the company is financing an unusually large capital program—including battery storage and transmission projects—that will shape earnings and cash needs for years to come. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Reported Results
For the third quarter ended September 30, 2026, IDA reported net income attributable to the company of $160.2 million, or $2.73 per diluted share, compared with $124.4 million, or $2.26 per diluted share, in the same period of 2025. The result exceeded the analyst consensus estimate of $2.51 per share.
For the first nine months of 2026, net income attributable to IDA reached $330.8 million, up from $279.9 million in the prior-year period. Management attributed the improvement primarily to customer growth of roughly 2.3%, higher base rates effective January 1, 2026 following the Idaho general rate case settlement, and a meaningful ramp in revenue from large contract customers—industrial revenues rose about 27% year over year in the quarter. These gains were partly offset by higher operations and maintenance (O&M) expenses tied to wildfire mitigation and plant conversion costs, as well as lower additional accumulated deferred investment tax credit (ADITC) amortization, a regulatory accounting item that reduces income tax expense.
Alongside the results, IDA increased its full-year 2026 diluted EPS guidance to $6.40–$6.50, up from $6.30–$6.45, and now expects Idaho Power to use less than $10 million of additional tax credits under its Idaho regulatory mechanism in 2026.
Market Reaction and Investor Sentiment
IDA's shares have carried a generally positive tone through 2026, supported by consistent customer growth, favorable rate outcomes, and successive guidance increases. The third-quarter report reinforced that narrative: earnings per share came in comfortably above consensus, and management lifted its full-year outlook rather than simply reaffirming it. That combination—an earnings beat paired with raised guidance—tends to be well received by investors in the regulated utility space, where steady, predictable growth is highly valued. Still, sentiment is tempered by the scale of the company's capital program and its related financing needs, as well as by rising O&M and interest expenses. Investors will be watching whether the stock's reaction holds as analysts update their models.
Forward Outlook and Key Factors to Monitor
IDA's guidance increase signals management's confidence in finishing 2026 on a strong note. The updated range of $6.40–$6.50 per diluted share assumes historically normal weather and power supply conditions through year end, leaving some sensitivity to winter temperatures and power costs.
Looking further out, capital expenditure (CapEx) is a central theme. IDA has been investing heavily in battery storage, transmission, and generation infrastructure, with construction work in progress (CWIP)—projects under construction that are not yet earning regulated returns—exceeding $2.1 billion at quarter end. Management indicated it will provide an updated CapEx forecast on its fourth-quarter earnings call, and noted that the prior forecast may understate future spending as new projects are selected. This points to continued financing activity, including the at-the-market (ATM) equity program the company has used to raise capital.
Other items to monitor include the progress and closing of the company's planned Oregon asset sale, expected in spring 2027 pending regulatory approvals, and the timing of any future Idaho rate case. Cost trends in O&M and interest expense, along with how much additional ADITC amortization the company records, will also influence the trajectory of earnings in 2027. None of this constitutes a prediction, but these factors will be central to how investors evaluate IDA's growth story in the quarters ahead.
Enhancing My Research with Tickeron Tools
In my own analysis workflow, Tickeron’s AI Screener has become a go-to resource for quickly filtering stocks by fundamentals, technical patterns, and industry trends. It helps surface comparable names and validate ideas without spending hours on manual screens. For someone tracking utilities like IDA, the ability to layer in volatility metrics and AI signals adds useful context alongside traditional earnings reviews.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
IDA in upward trend: 10-day moving average broke above 50-day moving average on October 19, 2026
The 10-day moving average for IDA crossed bullishly above the 50-day moving average on October 19, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 75%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 02, 2026. You may want to consider a long position or call options on IDA as a result. In 55 of 109 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%.
The Moving Average Convergence Divergence (MACD) for IDA just turned positive on September 30, 2026. Looking at past instances where IDA's MACD turned positive, the stock continued to rise in 15 of 38 cases over the following month. The odds of a continued upward trend are 39%.
IDA moved above its 50-day moving average on October 12, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +2.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where IDA advanced for three days, in 164 of 320 cases, the price rose further within the following month. The odds of a continued upward trend are 51%.
The Aroon Indicator entered an Uptrend today. In 98 of 278 cases where IDA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 35%.
Bearish Trend Analysis
The 10-day RSI Indicator for IDA moved out of overbought territory on October 23, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In 16 of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at 52%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IDA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 43%.
IDA broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 21 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 51, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 47 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 48 (best 1 - 100 worst), indicating steady price growth. IDA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 63 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.141) is normal, around the industry mean (2.062). P/E Ratio (22.647) is within average values for comparable stocks, (14.711). Projected Growth (PEG Ratio) (1.790) is also within normal values, averaging (1.785). Dividend Yield (0.025) settles around the average of (0.053) among similar stocks. P/S Ratio (4.127) is also within normal values, averaging (187.392).
The Tickeron SMR rating for this company is 73 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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General Information
a holding company with interest in providing electricity generation, transmission and distribution services
Industry ElectricUtilities
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