Idacorp Q3 net income rises on customer growth; lifts 2026 outlook
IDA•Idacorp reported third-quarter net income of $160.21 million and EPS of $2.73, with both rising year over year. It raised its 2026 earnings guidance to $6.40–$6.50 per diluted share.
1. Quarterly results and outlook
Idacorp said third-quarter results benefited from customer and revenue growth, including about 15,000 new Idaho Power customers over the past 12 months, a 2.2% increase. The company also cited higher Idaho base rates and revenue from new large customer contracts starting June 1, 2026. Higher operations and maintenance and depreciation costs were offset by regulatory recovery mechanisms.
2. 2026 guidance
Idacorp raised its 2026 earnings guidance to $6.40–$6.50 per diluted share. It expects Idaho Power to use less than $10 million of additional ADITC in 2026 and forecasts Idaho Power operations and maintenance expense of $535 million to $545 million, up from its prior forecast of $525 million to $535 million.
